Ivy Schmerken, Wall Street & Technology
Aleri Labs., a provider of event stream processing technology for the financial services industry, claims it has broken the sub-millisecond latency barrier for event stream data processing.
The new performance standard is available through Aleri Streaming Platform, a high-performance application development platform that financial firms can use to analyze market data, process trades, monitor compliance and manage risk in real time."When firms look at event stream processing, the primary concern we are hearing is ultra-low latency, the absolute minimum delay from the time event data is received to when the results of the analysis are available," stated Don De Loach, CEO of Aleri Labs.
However, DeLoach contends in the release, that to date it has been throughput, not latency, that has received the most attention within the event stream processing space, largely due to the various claims of other technology providers.
In the release, DeLoach criticized event stream processing technology firms that have long-engaged in a game of one-upmanship. "One company claims its product can process 250,000 events per second, then another steps up to claim 500,000 transactions per second," stated DeLoach in the release. DeLoach continued that, "While the Aleri Streaming Platform can meet or exceed any of the numbers out there, we've resisted making these claims because, while most companies have a 'good enough' standard for throughput, they have a 'never enough' standard for latency, where every millisecond counts. Companies will always strive for faster data and faster processing," he added in the release. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio