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GAIN Capital Partners with StreamBase to Extend FX ECN for High-Frequency Trading Algorithms
StreamBase CEP will also improve GAIN’s internal market-making, risk-management and surveillance capabilities
LEXINGTON, MA (USA) — March 8, 2010 — StreamBase Systems, a leading provider of Complex Event Processing (CEP) technology, today announced a new partnership with GAIN Capital, a global provider of online foreign exchange services, to offer a complete solution for their mutual clients to quickly deploy FX high-frequency trading algorithms.
The deal combines StreamBase’s award-winning CEP platform and with direct adapter to GAIN GTX, GAIN Capital’s new ECN trading venue. StreamBase’s adapter allows clients looking to build high-frequency FX trading algorithms rapid connectivity to the GTX marketplace. GAIN will also use the StreamBase CEP platform to improve market-making, risk-management and surveillance capabilities of its core retail business line.
“We are always looking for new technologies to improve our customers’ experience as well as our internal operational efficiencies,” said Andrew Haines, CIO of GAIN Capital. “With StreamBase, we have a mutually beneficial partnership where the combined offering delivers a powerful solution on which our customers can develop and execute trading strategies with minimal effort.”
Tweet: GAIN CIO says GAIN + StreamBase = powerful solution for FX algo trading
“As a customer of StreamBase, we are also proving out the value of their technology internally. Leveraging their development environment, we are delivering business solutions in a fraction of the time it would have taken with traditional programming languages.”
GAIN Capital selected StreamBase after evaluating numerous CEP providers and off-the-shelf products. GAIN needed a high performance CEP platform powerful enough to integrate with their retail execution systems that process nearly $200 billion in trades per month with its clients and trading partners, 24 x 5, across the globe, and scalable enough for future global service expansion. StreamBase’s easy-to-use visual development environment enables business and IT users to rapidly build, test, debug and deploy real-time FX trading applications.
“We are pleased to see global firms like GAIN recognize the usability, reliability and scalability of the StreamBase CEP platform,” said Mark Palmer, CEO of StreamBase. “GAIN’s selection of StreamBase demonstrates that our strategic vision of offering a fully customizable and comprehensive CEP platform that can address the unique challenges of the FX markets is now a reality.”
StreamBase’s CTO Richard Tibbetts and GAIN’s CIO Andrew Haines will be holding a joint webinar on how their systems connect on Thursday March 11 at 10am ET, 3pm UK time to register click here http://bit.ly/910IMw
For more information please contact:
StreamBase Systems, Inc.
Tel: +1 781-761-0804
Media Pack: http://www.streambase.com/press-enquiries.htm
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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. The World Economic Forum recently awarded StreamBase the title of 2010 Technology Pioneer.
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. Applications in Capital Markets include FX Aggregation and Pricing, Smart Order Routing, Market Data Management and Algorithmic Trading.
StreamBase customers include CME Group, ConvergEx Group, RBC Capital Markets, CMC Markets, City Index and BlueCrest Capital Management. The company is headquartered in Lexington, Massachusetts with offices in New York, Washington D.C. and London. For more information, visit www.streambase.com
About GAIN Capital
GAIN Capital Holdings, Inc. is a global provider of online trading services, specializing in foreign exchange (forex or FX) and contracts for difference (CFDs). Customers and trading partners in more than 140 countries have utilized the company’s award-winning trading platform which transacts nearly $200 billion per month.
A pioneer in online forex trading, GAIN Capital operates FOREX.com, one of the largest and best-known brands in the retail forex industry. It also provides execution, clearing, custody and technology products and services to an institutional client base including asset managers, broker/dealers and other financial services firms.
With offices in New York City; Bedminster, New Jersey; London; Seoul; Tokyo; and Hong Kong, GAIN Capital and its affiliates are regulated by the Commodity Futures Trading Commission (CFTC) in the United States, the Financial Services Authority (FSA) in the United Kingdom and the Financial Services Authority (FSA) in Japan.
GAIN’s investor group includes private equity firms 3i, VantagePoint Venture Partners, Tudor Ventures, Edison Venture Fund and Cross Atlantic Capital Partners. For company information, please visit www.gaincapital.com, or www.forex.com.