Press Releases

Archipelago Exchange (ArcaEx) Adopts StreamBase Technology

World's Largest Electronic Stock Exchange to Use New System to Enhance Service Quality

SCOTTSDALE, AZ – February 14, 2005 — StreamBase Systems, Inc., the pioneer of enterprise-class stream processing software designed to transform real-time complex events into instantaneous competitive advantage, today announced that Archipelago Holdings Inc., the operator of the Archipelago Exchange (ArcaEx), the first totally open all-electronic stock exchange in the United States, plans to implement the new StreamBase® Stream Processing Engine to provide enhanced trade quality of service monitoring in real-time on ArcaEx. StreamBase officially introduced its flagship product today at the DEMO@15! conference. [See related press release issued today "StreamBase Systems Introduces New Platform for Processing Real-Time Streaming Data at Elite DEMO@15! Conference."]

As the volume and speed associated with the processing of trading data continues to increase, it is important that a company's system-level software be able to ensure timely processing and analysis. StreamBase is designed to permit companies like Archipelago to process all performance-related information in real-time and automatically trigger alerts for operational managers if pre-defined thresholds are reached.

"We focus on two things — speed and agility," said Steve Rubinow, Archipelago's chief technology officer. "The combination of high performance and the ability to create and modify applications quickly were key factors in selecting StreamBase. When it comes to optimizing trading and response time, speed counts. StreamBase will help us meet our performance standards today and in the future, while still giving us the flexibility to modify the application quickly as business needs change."

"StreamBase is designed to process real-time information at blindingly fast speeds, and allow for real-time applications to be built and deployed quickly and easily," said Barry Morris, chief executive officer at StreamBase Systems. "Archipelago is an excellent example of a company dealing with an incredible flow of information in a rapidly changing marketplace. We believe the speed, flexibility, and rapid time-to-market delivered by StreamBase will enable Archipelago to continue to set new standards for performance."

StreamBase is able to meet the needs of the real-time world by addressing some fundamentally new challenges. The first is the capability to process, query, analyze and act on the tremendous — and growing — volume of streaming data within milliseconds of its arrival. The fluidity of real-time data — and the rapidly changing requirements for its use — also requires the ability to create or modify applications in hours or days, rather than months or multiple person-years. In addition, systems that process streaming data must integrate with the existing enterprise infrastructure provide high availability operation and scale to meet exponentially increasing data volume.

StreamBase is able to meet the emerging market requirements for real-time processing by bringing together four critical elements:

1. The StreamBase Stream Processing Engine — The first real-time processing architecture, this new infrastructure platform features a high performance, highly configurable enterprise-class server able to solve the most demanding real-time processing and analytical problems.
2. StreamSQL — an extension to standard SQL created specifically for real-time data.
3. StreamBase Studio™ — a graphical integrated development environment (IDE) that allows production-quality enterprise-class applications to be designed, tested and deployed in only hours or days.
4. Enterprise-Class Functionality — Which provides the reliability, scalability, and availability demanded by enterprise applications.

About StreamBase

StreamBase Systems was founded in 2003 to address the processing demands of low latency, real-time computing. The first in a new breed of systems software, the StreamBase stream processing engine helps organizations in financial services, telecom and networking, government and military and other industries transform streaming data into competitive advantage through applications that deliver instantaneous response. Current customers include leading exchanges, hedge funds and investment firms, where applications require rapid execution of queries, analytics and actions using real-time streaming data. StreamBase is headquartered in Lexington, Massachusetts.

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