Customer Spotlight: ITG
“We originally selected Aleri CEP as an application development platform based on the strength of their technology and their robust capabilities as a technology supplier. Since that time we have expanded its use by bringing in Aleri’s MLA platform, allowing us to produce consolidated trade, quote and order book data that is tailored to our needs,” said David Meitz, Managing Director and Chief Technology Officer at ITG.
Built on Aleri’s enterprise-class CEP technology, the Aleri MLA engine consolidates level 1 and/or level 2 market data to provide a single consolidated record for each security showing last trade, best bid/offer and related data as well as consolidated full depth order books. It is customizable, allowing the user to choose which venues to include and venue filtering can even be done dynamically, according to rules. Data can be sourced from consolidated feeds, direct feeds or a mix of the two. Other features include currency conversion using live rates for multi-currency consolidation and/or output in alternate currencies.
In a recent article in Securities Industry News entitled “Taming the Deluge of Data As Global Markets Multiply” (16 Nov 2009, by Katherine Heires), David Meitz, Chief Technology Officer at ITG takes a look at ITG's choice of Aleri technology to improve agility. It talks about how had become familiar with Aleri technology through an earlier project, and felt like it might be a good way to address the problem of market data consolidation. The article goes on to describe how ITG considered various commercial CEP offerings and came to choose Aleri. Read the full article at Securities Industry News.
A recent webinar hosted by Waters Magazine looked at the challenges of transparency in fragmented markets, in particular the developments over the last year in the European equities markets. Hosted by Phil Albinus, Editor of Waters, it features David Meitz, of ITG, and Phillip Silitschanu, Senior analyst at the Aite Group. Plus Jeff Wootton, Vice President of Product Strategy at Aleri talks about how the Aleri Market Liquidity Analysis server was specifically designed to improve transparency when liquidity in the market is fragmented across multiple venues. This webinar was recorded and can be watched at any time.
