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

Mon Jul 13, 2009 9:56am EDT
 
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* Over 50% of respondents say that they would have been better prepared for
adverse market events had they been able to monitor their exposures and
concentration levels in real-time

CHICAGO--(Business Wire)--
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

* Only 26.4% of hedge funds feel they have the appropriate technology to manage
risk in real-time, versus 50% of banks 
* 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 aleri@cognitomedia.com to
learn more. 

Notes to Editors 

About Aleri

Aleri, a leading provider of enterprise-class complex event processing (CEP)
technology and CEP-based solutions, provides a high performance platform to
quickly build and deploy real-time applications that can analyze and respond
instantly to high-volume, high-speed data to minimize risk and increase
competitive advantage. In March of 2009 Aleri merged with Coral8, combining two
leading providers of CEP technology to expand market reach and increase the
speed of innovation for next-generation, real-time event processing technology
and solutions. The combined product family offers a comprehensive software suite
for developing, implementing and delivering real-time analytics and Continuous
Intelligence for time-critical business decisions. 

Driven by market demand, Aleri also provides CEP-powered solutions that address
specific challenges and enables the financial industry to respond faster to
changing conditions and make better decisions through more timely information.
Aleri`s CEP powered solutions include:

* Aleri Liquidity Management System (LMS) - provides end-to-end real-time
management of cash and liquid assets to reduce short term liquidity risk and
ensure optimal funding 
* Aleri Market Liquidity Analysis engine (MLA) - consolidates and analyzes
multiple order book feeds from individual exchanges to provide a powerful tool
for trading in fragmented markets. 
* Aleri Real-Time Risk Monitor framework - provides a template for rapid
implementation of a customized, comprehensive solution for consolidating
positions, limits and exposures across asset classes in real-time to manage both
credit and market risk 
* Liquidity Risk Manager (LRM) - provides a flexible liquidity stress testing
environment that enables banks to model stress events and gain insight into how
different scenarios would impact the bank`s liquidity exposure.

Aleri is a global company headquartered in Chicago with offices in Mountain
View, New York, New Jersey, London, and Paris. For more information, visit
www.aleri.com





Aleri, Inc.
Kelly Shumaker
+1 312-540-7347
kelly.shumaker@aleri.com
or
Cognito
Ishviene Arora, +1 646-395-6300
aleri@cognitomedia.com

Copyright Business Wire 2009

 

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