PRESS RELEASE
StreamBase and Reuters Extend Next-Generation Market Data Development Environment
StreamBase Reuters Edition: Optimized for Ultra Low-Latency Direct Exchange Feeds
BOSTON, MA (USA) – February 6, 2008 – StreamBase Systems, Inc., a leading provider of high-performance complex event processing (CEP) software, today announced the latest release of StreamBase Reuters Edition (SRE) adding support for Reuters Data Feed Direct (RDF-D) and introducing Reuters Schema Designer, a “live preview” tool for browsing and discovering the wealth of content on Reuters Market Data System (RMDS).
StreamBase’s award-winning integrated development environment dramatically accelerates real-time application design and development, and SRE extends this same productivity and power. SRE makes it easier than ever to build ultra low-latency real-time market data applications powered by Reuters market data feeds and RMDS. By virtually eliminating the need to custom-code all aspects of real-time financial applications, SRE allows a broader range of users across the capital markets to deliver high-value applications for improving profits and reducing risk in record time.
This latest release of StreamBase Reuters Edition builds on the success of the initial SRE launch in November 2007 and adds new features such as support for all Reuters RDF-D direct to exchange data feeds with full order book depth, and the new Reuters Schema Designer. The Reuters Schema Designer greatly simplifies discovering and utilizing the full breadth and depth of content available on RMDS at application design time all within the SRE development environment. SRE also includes adapters for both generic publishing and subscribing to all market data on RMDS, and a streamlined Reuters Connection Wizard that simplifies connecting to Reuters market data feeds and RMDS infrastructure. In addition, SRE built applications can now incorporate Reuters NewsScope Real-Time news flow and Reuters NewsScope Sentiment Engine news sentiment scoring.
Kevin McPartland, a Senior Analyst at TABB Group commented: “Gone are the days when complex-event processing technology was simply a ‘nice-to-have’ part of a low-latency trading infrastructure. Today, with the increasing deployment of low-latency data feeds, a well-integrated and easily customizable CEP system has become an integral component of low-latency infrastructures and a valuable tool in making trading decisions in milliseconds.”
Michael Parlapiano, Executive Vice President, Reuters Information Management Solutions, said: “StreamBase has done a fabulous job building on the momentum from the first release of SRE by adding support for RDF-D direct feeds and introducing new tools that further increase the productivity of developers on the RMDS platform. Productivity matters more than ever to our clients, especially given the proliferation of new data sources and data types available through RMDS including over 50 RDF-D direct feed venues. StreamBase continues to be a source of innovation in our industry and we’re delighted that the newest version of SRE is now available to RMDS clients.”
Chris Risley, CEO, StreamBase, said: “This latest release makes users of StreamBase Studio’s graphical development environment even more productive in building applications that process the full range of Reuters data using the new RFA6 API, including low-latency direct-to-exchange feeds, order book data, and news. We are pleased to see the enthusiastic response to the product from our early customers, and this version further lowers the technical barrier to developing event processing applications that improve profitability and reduce risks.”
Pricing & Availability – StreamBase Reuters Edition
A free developer trial edition of StreamBase Reuters Edition will be available from StreamBase Systems for Reuters customers at www.streambase.com/reuters starting February 6, 2008.
About StreamBase
StreamBase Systems, Inc, a leader in high-performance Complex Event Processing (CEP), provides software for rapidly building systems that analyze and act on real-time streaming data for instantaneous decision-making. StreamBase’s Event Processing Platform™ combines a rapid application development environment, an ultra low-latency high-throughput event server, and the broadest connectivity to real-time and historical data. Leading investment banks, hedge funds, government agencies use StreamBase to power mission-critical applications that increase revenue, lower costs, and reduce risk. The company is headquartered in Lexington, Massachusetts. For more information, visit www.streambase.com.
About Reuters
Reuters (www.reuters.com), the global information company, provides indispensable information tailored for professionals in the financial services, media and corporate markets. Through reuters.com and other digital properties, Reuters now also supplies its trusted content direct to individuals. Reuters drives decision making across the globe based on a reputation for speed, accuracy and independence. Reuters has 17,500 staff in 94 countries, including 2,400 editorial staff in 196 bureaux serving 131 countries. In 2006, Reuters revenues were £2.6 billion.
The Reuters Market Data System (RMDS) is the leading direct exchange feed integration and distribution platform installed at over 2,500 Reuters customer sites and powering some of the largest automated trading applications in the financial industry. RMDS is a robust, low latency market data platform that can support huge throughputs of data, not just to the trading floor but to every part of the organisation. With increased flexibility and openness, the Reuters market data management platform is the only middleware needed to energise applications from the front office to back – and beyond. With a number of value-added features like an exchange approved entitlement system and latency monitoring tools, customers can stay in control of their exchange liability and data quality.
About TABB Group
TABB Group is the New York- and London-based financial markets’ research and strategic advisory firm focused exclusively on capital markets. Founded in 2003 and based on the proven interview-based research methodology of “first-person knowledge” developed by founder Larry Tabb, TABB Group analyzes and quantifies the investing value chain from the fiduciary, investment manager, broker, exchange and custodian, helping senior business leaders gain a truer understanding of financial markets issues. For more information, visit www.tabbgroup.com.
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