55% of Financial Institutions Surveyed Poised to Invest in Real-Time Risk Management Technology

Chicago - July 13, 2009 - Aleri Inc., a leading provider of enterprise-class complex event processing (CEP) technology and CEP-based solutions, today announced the results of its survey on risk management efforts by financial institutions in the wake of the credit crisis. The survey, conducted among over 250 asset managers, hedge funds, banks and brokerages during this year’s SIFMA TMC, found that most firms acknowledged real-time risk management technology could have helped better prepared them for the recent market crisis with more than half of all respondents already or planning on implementing a real-time risk management solution in the near future.

Key results of the survey include:

Over 70% of respondents said that their firm has a need to manage risk in real-time
55% of respondents took initiatives immediately following the financial crisis to better protect themselves from future volatility and unexpected market events
Of those that say they cut back on IT spending, banks and hedge funds were among the highest, with 20% and 26.7% respectively

"The results are a strong indication of the industry's views on the importance of investing in technology that can deliver critical intelligence as it unfolds. The market today is moving so quickly; real-time technology is the only way to adequately manage risk in the face of unexpected market events," said Don DeLoach, CEO of Aleri. "It is a positive development that the majority of the participants polled have indicated their commitment to stronger risk management initiatives, supported by technology such as Aleri’s Rt Risk Monitoring solution."

“Access to real-time data has moved beyond the trading floor to penetrate other areas of the enterprise. It was only a matter of time before real-time technology was applied to risk management, though the financial crisis has served as a catalyst to expedite adoption,” added Julio Gomez, Founder, Gomez Markets. “We have reached a critical mass and now is the time firms are stepping up to make that investment."

For the full findings of the survey, please contact kelly.shumaker@aleri.com to learn more.