PRESS RELEASE
StreamBase Introduces Real-Time Profit and Loss Platform for Capital Markets
Platform Addresses Need in Hedge Funds and Investment Banks for Real-Time Profit and Loss
BOSTON, MA (USA) / LONDON (UK) – March 18, 2008 – StreamBase Systems, Inc., a leading provider of high-performance complex event processing (CEP) software, today announced the release of its Real-Time Profit and Loss Platform for Capital Markets. StreamBase’s Real-Time Profit and Loss Platform features StreamBase’s award-winning CEP engine with high availability, visualization tools, market data feed integrated adapters, and a workflow development environment. This provides customers with rapid time to market, high-performance and extensive connectivity.
“Real-time profit and loss is now top of mind for every Wall Street CFO,” said Chris Risley, CEO of StreamBase Systems. “With the recent financial crises, the need for investment banks and hedge funds to have real-time information on the thousands of market positions across multiple portfolios and brokers have never been more critical to the bottom-line.”
StreamBase will formally introduce the Real-Time Profit and Loss Platform on March 18 and March 20 with events to over 100 senior executives representing some of the leading investment firms from North America and Europe. These events will be hosted by Colin Clark, VP Customers, a 22-year Capital Markets veteran and expert on real-time profit and loss.
“Daily or intraday systems are no longer adequate for assessing profit and loss. Financial instruments and markets are more complex than ever before. Reporting profit and loss has to be done in real-time. StreamBase’s Real-Time Profit and Loss Platform meets this growing requirement,” said Colin Clark, VP Customers.
StreamBase’s Real-Time Profit and Loss Platform is already deployed at some of the leading investment firms around the world. These customers recognized the increasing risks of market complexity and chose StreamBase’s Platform as their real-time profit and loss solution.
For more information on StreamBase’s Real-Time Profit and Loss Platform please visit the StreamBase Real-Time Profit and Loss Resource Center at www.streambase.com/platforms/pnl
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.
© 2008 StreamBase Systems, Inc. All other trademarks or trade names are properties of their respective owners. All rights reserved.