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StreamBase Launches CEP Reference Architecture For Algorithmic Trading
Industry-First End-to-End Framework For Algo Trading Speeds Application Design & Development
Technology Management Conference & Exhibit — NEW YORK — June 19, 2007 — StreamBase Systems, Inc., the leader in high-performance Complex Event Processing (CEP), today unveiled a comprehensive CEP Reference Architecture for Algorithmic Trading for accelerating the time-to-market and increasing the extensibility of real-time algorithmic (algo) trading applications. Developed by StreamBase and Microsoft Corp., the new CEP Reference Architecture is based on industry best practices and describes the critical real-time sections of an algo trading system and its key presentation layer components.
"We are excited to align Microsoft Windows Presentation Foundation (WPF) with StreamBase's CEP platform for building real-time algo trading apps based on the newly released Reference Architecture," said Craig Saint-Amour, U.S. capital markets industry solutions director, Microsoft Corp. "With financial institutions facing low-latency, high-volume processing demands, we understand that increasing developer productivity and accelerating time-to-market are critical areas fueling competitive advantage. Microsoft and StreamBase both recognize the importance of a powerful presentation layer for algorithmic trading applications and the combination of WPF with the StreamBase CEP platform is a great fit."
The CEP Reference Architecture for Algorithmic Trading delivers an end-to-end framework for designing an algorithmic equities trading application and also describes the interconnection between its key real-time and user interaction components. The key real-time components are Market Data Cleansing, Data Enrichment, Trading Strategies, Risk Management, Execution Strategies, and Market Impact / Implementation Shortfall processing.
Microsoft's WPF enables rich client applications, and its powerful and flexible programming model integrates support for flexible layout, high-quality text, resolution-independent graphics, animation, video and 3D. StreamBase provides the fastest, most scalable, high-performance CEP platform in the industry — enabling the development of new real-time applications much faster than with traditional custom coding, in weeks not months. [SEE ALSO: STREAMBASE 5.0 DELIVERS FIRST END-TO-END COMPLEX EVENT PROCESSING PLATFORM, June 19, 2007].
As the volume and velocity of financial market data continue to explode, staying ahead of the competition requires the right tools and infrastructure," said John Partridge, Vice President, Industry Solutions at StreamBase. "This new CEP Reference Architecture will give developers a competitive edge for building real-time algo trading applications with a fully realized user interface that makes it easy to monitor and control the application?s response to the market."
To learn more about the CEP Reference Architecture for Algorithmic Trading delivered by Microsoft and StreamBase, visit the Microsoft Developer Network (MSDN) to download a solutions whitepaper, which will be posted shortly after the Conference.
In addition, please visit StreamBase at booth #1770 during the Securities Industry and Financial Markets Association (SIFMA) Technology Management Conference & Exhibit from Tuesday, June 19th through Thursday, June 21st in New York, NY to learn more about the new CEP Reference Architecture for Algorithmic Trading and see a WPF / StreamBase CEP demonstration.
About StreamBase
StreamBase's award-winning Stream Processing Platform, fueled by the standards-based next generation query language, StreamSQL™ and an Eclipse-based development environment, offers the fastest Complex Event Processing software for processing of real-time and historical data. With StreamBase and StreamSQL, enterprises can query, process, and analyze real-time and stored data at rates of up to hundreds of thousands messages/second. StreamBase's combination of real-time performance, persistence, and programmability empowers enterprises in industries like financial services, telecom and networking, e-Business, government and military to solve new classes of business challenges in a more timely, scalable, and cost effective manner than custom-coding. StreamBase is headquartered in Lexington, Massachusetts with offices in New York, Washington, D.C., and London. A downloadable version of StreamBase's software is available at www.streambase.com.
©2007 StreamBase Systems, Inc. All other trademarks or trade names are properties of their respective owners. All rights reserved.
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