BM&FBOVESPA: StreamBase for Enterprise-Wide Deployment

BM&FBOVESPA, the largest exchange operator in Latin America, has selected StreamBase’s Complex Event Processing (CEP) platform for the enterprise-wide deployment of real-time data processing applications. The Brazilian exchange will use StreamBase CEP to develop and deploy a variety of applications that provide its clients with low-latency automated trading capabilities across securities and derivatives markets.

“The development of capital markets in Latin America is experiencing the fastest growing phase in decades. Innovation is the key for us to develop a liquid, low-latency and fair marketplace for our worldwide investors,” said Marcio Castro, Chief Technology Officer of BM&FBOVESPA. “StreamBase CEP will be incorporated into our multi-asset trading infrastructure that can be accessed through the CME Globex electronic trading platform. StreamBase’s high-performance multi-threaded event server and visual development studio enable us to rapidly roll out sophisticated models that react to changing market conditions.”

“Since 2009, exchanges around the world have been relying on technology to grow and facilitate their business. The Brazilian market is no exception, gaining rapid momentum by successfully enhancing trading infrastructures, introducing modern pricing structures, and establishing strategic partnerships,” said Paul Zubulake, Senior Analyst at Aite Group. “A faster and broader adoption of better software technology across the entire financial spectrum is critical to the growth of emerging markets.”

“Brazil is quickly establishing itself as a leader on the global trading stage and we’re pleased to be the CEP platform of choice for BM&FBOVESPA,” said Mark Palmer, CEO of StreamBase. “This selection further demonstrates how broadly CEP is impacting the financial markets as they continue to automate operations, from front to back office, and to exchanges. BM&FBOVESPA represents further adoption of StreamBase CEP by the world’s most demanding companies for an exchange-class platform to deliver low-latency, rapid time to market applications for automated trading using our visual programming environment.”