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Eric Stockland
Traders Magazine Online News

Incentivizing a Better Market

In this blog from IEX, the exchange announces a first-of-its-kind fee that is designed to improve all trading, including the experience of displayed orders - the Signal Fee.

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January 30, 2008

Aleri Tailors Market Analysis

By James Ramage

The technology to aggregate multiple order books has gotten more powerful, according to one vendor. Complex event processing software provider Aleri designed its Market Liquidity Analysis engine to let firms analyze market depth in a new way to help them trade better.

Specifically, the tool consolidates multiple order book feeds from individual exchanges and ECNs to create a virtual market book. Brokers and traders can apply rules to the consolidation, such as price offsets to eliminate differences in trading costs or other behaviors of different venues, says Jeff Wootton, vice president of product strategy at Aleri.

Users can also apply algorithms to their virtual order book to better determine where, when and how to execute orders, Wootton says.

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