Press Releases
Wall Street On Demand's Implementation Of StreamBase Wins The Banker Award For Best Complex Event Processing Project
Financial Services Company Drives Revolutionary Processing & Analysis Of Complex Market Data for Investors Worldwide with StreamBase's High-Performance CEP Platform
BOSTON, MA– June 11, 2007 — StreamBase Systems, Inc., the leader in high-performance Complex Event Processing (CEP), today announced that its customer Wall Street On Demand (WSOD) has been named by The Banker as having this year's "Best Data Processing Project." WSOD was recognized as a recipient of The Banker Technology Awards for its creative and cutting-edge use of StreamBase's CEP platform to address the high-volume, low-latency needs for processing, managing, and reacting to real-time and historical market data. The honor is part of The Banker's annual award recognition, well-known as the most prestigious for technology in the Financial Services field.
"It's a tremendous honor to have The Banker recognize our efforts as we are very proud of our work around complex event processing and the application we have built with StreamBase." said John Leslie, Chief Technology Officer at WSOD. "Prior to StreamBase, we relied on custom-coding to deliver new monitoring and analysis capabilities for our clients. StreamBase's combination of real-time performance, persistence, and programmability gives us the ability to solve these business challenges in a more timely, scalable, and cost-effective manner."
The Banker magazine, together with leading analyst firms and consultants from the banking industry, selected WSOD to receive the award for the "Best Data Processing Project," ahead of many other high-quality entrants. Specifically, entries were judged on the ability to scale; effective teamwork and communications; research and development; return on investment; and inventiveness.
"Wall Street On Demand is a true innovator, and we congratulate them on winning one of the most prestigious accolades a company in Financial Services IT can garner," said Barry Morris, Chairman and CEO of StreamBase. "We continue to see more and more firms in a variety of sectors benefit from adopting our stream processing platform to build the next-generation, high-performance, real-time applications they need for managing the accelerated amount of market data carried by their networks. As the leading CEP vendor, we are excited to see The Banker recognize the tremendous value and results our customers are achieving with StreamBase CEP."
The Banker Technology Award marks the second prestigious recognition that WSOD has received for developing leading-edge CEP applications with StreamBase. Last November, WSOD was also named to the InfoWorld 100, joining ranks with Wachovia, Credit Suisse, HSBC Bank, SunTrust Bank, and other industry-leaders who were recognized for the most creative, cutting-edge use of technologies to further their business goals.
About WSOD
Wall Street On Demand (WSOD), a Goldman Sachs company, is a high-technology, financial Internet company that provides investment research via the Internet and facsimile to a wide range of investors around the world. Founded in New York City in 1992, WSOD has emerged as the industry's leader in allowing investors to access research from the most well-known information providers. Wall Street On Demand specializes in providing financial research to retail consumers; WSOD's specialty is custom financial site integration as well as the creation of graphical research for the individual investor. In 1997, WSOD moved its offices to Boulder, Colorado. Since then, WSOD has thrived in Boulder and currently employs more than 140 team players. For more information, visit www.wallst.com.
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.
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