Selero and Aleri Labs Demonstrate Reg NMS Compliant Routing at SIA 2006 Technology Management Conference
Denver, CO June 20, 2006
Selero, Inc., a leading provider of order routing networks, trade execution systems and integration technology for the securities industry, and Aleri Labs, a provider of innovative stream processing technology for the financial services industry, will be demonstrating Regulation NMS compliant order routing at the Securities Industry Association Technology Management Conference (June 20-22).
Working together, Selero and Aleri Labs can combine the exchange connectivity of the Selero Dominet Network and the high performance real-time data analysis capabilities of the Aleri Streaming Platform to both meet compliance requirements and take advantage of the opportunities presented by Reg NMS.
At the most basic level, the Reg NMS Order Protection Rule will require firms to update their order routing rules and put compliance monitoring processes in place. However, some institutions are beginning to identify opportunities that may be created by the new rules.
"This demonstrates Selero's ability to rapidly incorporate Reg NMS logic in its order routing network, and a way for forward thinking groups to approach the regulation as an opportunity for differentiation", said Fred Horn, CEO of Selero.
The Selero Dominet Network connects traders directly to all exchanges, regardless of their trading systems’ message formats (FIX, CMS, CTCI, MMTP, proprietary, etc.), while the Aleri Streaming Platform can be configured to determine how best to execute the order across the various exchanges based on an instantaneous analysis of the full depth of the market.
As a value-added feature, customers may also take advantage of Selero’s broker-dealer status to trade anonymously. In addition, for reporting purposes, the joint solution is able to capture market data used to route each order and message histories to confirm orders were sent to designated exchanges.
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About Selero, Inc.
Selero is a leading provider of order routing and integration solutions for the securities industry. Since 1998, the Company has been providing rapid connectivity between trading partners, and integration between home-grown and third party applications within organizations. More recently the Company added a trade execution system for market makers and specialists to its suite. Selero’s customers include exchanges, retail brokers, market makers, regulatory bodies, and others. To learn more about the Company, visit www.selero.com.
Contact
Diana Lawrence 303-984-4727, x2803
dlawrence@selero.com
About Aleri Labs
Aleri Labs is the developer of the Aleri Streaming Platform, innovative event stream processing technology 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 sub-second 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.
