Aleri Powers Commerzbank FX Trading
Commerzbank Corporates and Markets (CBCM) has implemented Aleri Labs’ Streaming Platform to power their new foreign exchange pricing application. CBCM’s “FX Pricer” analyses a host of real-time information, and applies proprietary tick by tick validation logic and data cleansing algorithms. The engine calculates CBCM’s prices using a variety of Aleri functions as well as auditing all data and events. The calculated prices are interactively managed by CBCM’s FX traders who have the ability to control the Aleri streams using an in-house developed user interface.
Aleri’s ability to rapidly implement its technology was key to its selection. “We had an aggressive deadline for getting this project underway, but we wanted more flexibility than an off-the-shelf product could offer,” says Klaus Hoffmann, Head of Foreign Exchange, CBCM. “Aleri was able to meet our requirements. The platform had us up and running quickly, while providing the flexibility we need to deliver the performance that this market requires.”
