Aleri and OILspace enter partnership
Aleri, a provider of complex event processing (CEP) technology, and OILspace, a provider of real-time energy management applications, have entered into a partnership to offer their combined services to customers.
The partnership means that Aleri’s CEP technology will be integrated into OILspace’s online energy portal, OILwatch, and online trade management software Aspect TradeFlo. The companies say that the integration will provide customers with the added value of real-time analysis and automated decisions using real-time and historical data.
CEP technology will enable oil traders to aggregate, analyze and correlate real-time and historical data from multiple sources. Aleri states that the rapid deployment and flexibility that it provides enables trading companies to quickly react to market fluctuations, automating their proprietary knowledge and processes for a competitive edge.
“We are constantly looking to develop our technology in ways that better manage the trading, risk and financial operations of our clients,” says Steve Hughes, OILspace president and CEO. “Partnering with an experienced and proven CEP provider like Aleri will allow us to provide our customers with a value-added solution that allows them to analyse and respond instantly to high-volume, high-speed data to minimise risk and increase competitive advantage.”
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