| Selero and Aleri Labs Demonstrate Reg NMS Compliant Routing at SIA 2006 | | Print | |
|
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.
* * * * About Selero, Inc. |