Case Study: a large clearing house service provider achieves near real-time market data management with Alveo Technology

Large Clearing House employs Alveo to fulfill market data management needs

The customer, a large clearing house service provider, faced significant challenges due to a demanding regulatory environment and rising operational costs. Disparate data systems and costly in-house software layers created risk, inefficiency, and hindered agility, particularly in meeting requirements like MIFID II's 10-second trade acceptance rule. Alveo Technology was engaged to address these needs with its market data and risk data management solutions.

Alveo Technology implemented a solution centered around its Risk Data Manager (RDM) module, providing a single source of near real-time data on a resilient, best-of-breed technology stack. This empowered risk managers to work independently of IT and allowed for easy parametrization of new requirements. The results included the validation of over 12 million prices daily in near real time for more accurate pricing, drastically lowered total cost of ownership, and increased business agility, enabling the client to fulfill its crucial role in market stability.