About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Bank Deploys Aleri Stream-Processing Platform for Ref Data

Subscribe to our newsletter

Stream-processing technology is big news in the market data world, where the demands of algorithmic trading are driving investment in solutions to support high-volume, low-latency, fast-moving environments. To date, it has not been widely suggested that low latency was so important in the context of reference data, but an early sign that streaming technology could be about to make the leap from market to reference data comes from one large, as yet unnamed, bank that is deploying the Aleri Streaming Platform for reference data distribution.

Aleri president and CEO Don DeLoach says that though Aleri is involved in a couple of different projects “with workflow aspects”, “a securities master file implementation is an intriguing use” of its streaming platform. More typical applications of the technology are in the areas of algo trading, MiFID (the vendor has developed a best execution prototype, MiFID Monitor, October 2006), position management and pricing.

“If you think of stream processing, you usually think of it for trading and algo trading. You wouldn’t usually think of it for something as hardened and extensive as reference data,” he says. “But someone already familiar with the product said they wanted to use it for reference data.”

Aleri is working with the bank to distribute reference data, using the streaming platform to manage the state of numerous different silo systems, and distribute the data according to a number of rules based on the state of those underlying silo solutions, DeLoach says. “This makes the process much more automated. The application is unique, because there is capacity in there to know the state of the different silos; it’s more than just moving messages around. It’s very much a service app-roach, with each underlying system communicating with the Aleri layer.”

According to Nick Deacon, senior vice president at AleriLabs – the banner under which the streaming platform is provided – the key driver for the bank’s deployment of the Aleri technology for reference data is speed. “There is so much data to deal with, and the ability to synchronise it across systems is important,” he says. The data can also be complex, he adds. “The message may go through Aleri, and then be impacted by something happening in another system. Because the Aleri layer knows that, it can determine what to do with the message as a result.”
DeLoach says Aleri is in discussions with other banks about deploying the streaming platform for reference data. “We won’t productise the solution for reference data specifi-cally, but I do anticipate us adding capabilities to enhance its use in a reference data environment,” he says.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

4 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and...

BLOG

Clearwater Looking to Bridge Front-to-Back Office Tech Gaps with Acquisitions

It’s difficult for data and technology companies to fully service financial institutions’ front-to-back operations when behemoth providers are offering closely integrated capabilities at scale already. Clearwater Analytics, however, has a strategy that it believes will work not by necessarily competing with the big aggregators, but by working with them and filling gaps that they don’t...

EVENT

RegTech Summit New York

Now in its 9th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...