Taming the Deluge of Data As Global Markets Multiply

This article takes a look at how ITG has dealt with the need for consolidated market data in Europe. It talksa bout what led them to consider CEP and how "Chicago-based Aleri, a real-time analytics firm which specializes in complex event processing, became ITG's partner in the effort, since Meitz had already worked with Aleri in addressing other technology challenges." (referring to David Meitz, CTO of ITG).

"Our prior use of complex event processing technology within our own enterprise [for the monitoring of algorithm performance] had prompted us to talk to Aleri and three other providers of CEP services," in late 2007 and early 2008, Meitz said. The firm tested all four and ultimately selected the Aleri platform...