CHICAGO, Oct. 23 /PRNewswire/ -- Aleri Labs ( http://www.alerilabs.com/ ), a leading provider of event stream processing technology for the financial services industry, today announced that it had broken the sub-millisecond latency barrier for event stream data processing.
This new performance standard is available today through the Aleri Streaming Platform, the company's high-performance application development platform. Financial institutions use the Aleri Streaming Platform 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," said Don DeLoach, CEO of Aleri Labs.
However, to date it has been throughput, not latency, that has received the majority of attention within the event stream processing space, largely due to the various claims of other technology providers.
"Event stream processing technology firms have long engaged in a game of one-upsmanship," added DeLoach. "One company claims its product can process 250,000 events per second, then another steps up to claim 500,000 transactions per second. 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."
Aleri Labs invites customers to do their own performance comparisons. To learn more about the Aleri Streaming Platform or to arrange for an on-site performance test, contact Aleri Labs at 312-540-0100.
About Aleri Labs
Aleri Labs is the developer of the Aleri Streaming Platform, innovative event processing software that allows financial institutions to quickly and cost-effectively build streaming applications for trading, risk management and compliance. The Aleri Streaming Platform is designed to process large data volumes at ultra-low latencies with data capture, event detection and data aggregation and analysis capabilities.
Aleri Labs is a division of Aleri, a leading provider of real-time analytic applications and 24/7 customer support to global financial institutions. Aleri builds process-specific applications that streamline financial institutions' business needs, ranging from wholesale banking transaction systems to intraday liquidity management. The company supports mission critical banking applications that process approximately $10 trillion worth of transactions every month. Aleri is a profitable, privately held corporation.
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