PRESS RELEASE
Vhayu and StreamBase Partner to Provide Real-Time and Historical Market Data Solutions for Hedge Funds and Investment Banks
Partnership delivers best-of-breed CEP offering for high speed data analytics and storage
LOS GATOS, CA and LEXINGTON, MA — May 20, 2008 – Vhayu and StreamBase today announced they have joined forces to deliver a tightly integrated platform for real-time and historical market data storage and analysis. The partnership will provide financial institutions with the powerful combination of an easy-to-use, high performance complex event processing (CEP) platform tightly integrated with a high speed tick database.
In the increasingly competitive world of capital markets, the winners are those hedge funds and investment banks who can apply better analytics on shorter timescales to fast moving market data. Customers using StreamBase and Vhayu can do this because they are able to rapidly build real-time applications that load or query large volumes of historical tick data. StreamBase's high performance CEP platform and Vhayu's Velocity enterprise class market data analysis and storage solution allow customers to easily back-test their real-time analytics by drawing on large quantities of historical data. Any quantitative analyst who uses an iterative test and revise process to refine their predictive or trading models will find the combination of StreamBase and Vhayu Velocity greatly accelerates their work.
“By combining StreamBase’s Event Processing Platform™ and Vhayu Velocity, we are responding to the market need for CEP software to be tightly integrated with a high performance tick database,” says Jeff Hudson, CEO at Vhayu. “If that integration doesn’t exist, the CEP engine has to make outside queries to relational database technology, which adds latency that renders some algos unusable. The joint solution allows firms to devise algorithmic and quantitative strategies, which may require months to years of tick data to discover past patterns that may predict existing or future trading conditions.”
“Our customers have been calling for increased data management and analysis capabilities, and this partnership with Vhayu is in direct answer to those calls,” says Chris Risley, CEO at StreamBase. “This will allow us to provide our customers with the real-time and historical data they need to get a complete picture of trading activity, combined with our low-latency, high throughput event server, all in a GUI authoring environment.”
The partnership includes the development of the new ‘StreamBase Chronicle for Vhayu’ integration layer, optimized for high performance loading and querying. Global availability of the adapter and joint sales and marketing activities are expected in Q3 2008.
Vhayu and StreamBase will be exhibiting at SIFMA’s Technology Management Conference 2008 in New York, June 10-12. For more information, please visit Vhayu at booth number 1430 and StreamBase at booth number 1800.
About Vhayu Velocity™
Vhayu Velocity captures, analyzes, stores and publishes events while processing every tick of market data in real-time and historically, including full depth of the order book. Vhayu was awarded a patent in February of 2005 for its real-time financial search engine and method.
About Vhayu
Vhayu delivers the fastest and easiest-to-use real-time software solutions to the world's leading financial institutions for the capture and high-speed analysis of massive amounts of streaming and historical data. Through its unique patented technology, the Vhayu Velocity tick processing and persistence platform gives a significant competitive advantage to its customers by delivering the information needed to make trading decisions faster than any other available system. Partnered with Reuters, Microsoft, Intel and Infosys, Vhayu's customers include broker/dealers, the leading online discount broker, hedge funds, market data providers and alternative trading systems. Founded in 1998 by experts in multi-processor design, real-time operating systems, enterprise database systems and financial market data, Vhayu is backed by top tier investors, including Menlo Ventures. For more information, visit http://www.vhayu.com.
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, and 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.
© 2008 StreamBase Systems, Inc. All other trademarks or trade names are properties of their respective owners. All rights reserved.