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