ConvergEx Group: Real-Time Monitoring

ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, needed the ability to monitor its entire electronic trading infrastructure, in real-time. This included ConvergEx’s dark liquidity pool VortEx, market interaction monitoring, routing, trading operations analysis, credit risk correlation, system health monitoring and real-time analysis of market feeds for latency and response time. The firm turned to the StreamBase stream processing engine to address this need.

ConvergEx uses StreamBase Studio™, a graphical event flow modeling environment, to rapidly design, test, deploy, and sustain their system. ConvergEx also uses the StreamBase Event Processing engine to apply risk models and latency measurement in real-time. The system monitors latency with multiple electronic trading venues. If one fails to respond with expected latency, StreamBase helps ConvergEx proactively address technical issues, correlate and understand risk profiles, alert trading operations staff and adjust routing decisions for trading.

“The implementation of StreamBase allows us to monitor our risk, make routing decisions, and assess the health of our entire U.S. trading operations in real-time,” said Joseph Weisbord, Managing Director, ConvergEx Group.

“There are three primary reasons StreamBase impresses me,” continued Weisbord. “First, time to market is key in financial services, and the StreamBase Studio™ environment allows us to get to market quickly with very little coding. Second, StreamBase meets the high-performance demands of Wall Street – it can handle large amounts of data, quickly. Finally, its multi-threaded architecture makes it very efficient – so StreamBase scales smoothly as the volumes in the market grow – it helps future-proof our trading infrastructure.”