Capital Markets Solutions

With StreamBase, global investment banks, hedge funds, proprietary traders, and exchanges get the fastest way to profit from their real-time market data.

In the demanding environments of algorithmic trading, feed processing and conditioning, pre-trade compliance, transaction cost analysis, and risk management, traditional custom-coded infrastructures are being outpaced by the speed and volume of the data hitting their organizations. Capital markets firms must be able to quickly capitalize on the massive amounts of internal and external streaming data today, not months or years from now. And, point solutions are often unable to meet the demanding analytic needs of multiple organizations across the firm.

The StreamBase Event Processing Platform, using the next-generation programming language, StreamSQL™, solves these problems with high-performance software for rapidly building systems that analyze and act on real-time streaming data. With StreamBase, capital markets firms quickly develop and deploy real-time applications that can generate millions of dollars in new profits and are deployed at a fraction of the cost and risk of alternatives.

Some of the capital markets challenges being addressed through StreamBase include:

• Market Data Feed Processing/Infrastructure — Capital markets firms that leverage high volume real-time data from consolidated feed vendors and exchanges need to ensure trading operations and other consumers always receive just the data they need — with the lowest latency, highest quality, and greatest reliability possible. These organizations leverage StreamBase to monitor the data coming into their ticker plants and feed handlers, trigger alerts if latency drops below acceptable levels, normalize symbology, filter massive data streams to pass only selected data downstream, route the first arriving quote from across multiple exchanges to traders, and calculate real-time statistics on quality of service from feeds. Companies also use StreamBase's capabilities to merge or filter multiple streams, manage out-of-order or late data, filter outliers, and detect and alert to feed problems.
  
  
• Algorithmic/Automated Trading — Traders have always relied on the insight that comes from the most up-to-date information available. This information is critical for acquiring a profitable position and managing the associated risks. StreamBase brings competitive edge to leading buy-side and sell-side firms by computing value-added analytics (e.g. VWAP, Black Scholes) and filtering ticker data from multiple sources to capture time-critical events such as best bid/ask. Additionally, StreamBase can run sophisticated intraday trading algorithms and also maintain order book positions in real-time. StreamBase's stream record/playback capability and graphical development environment also allows rapid prototyping and back-testing of new strategies. This enables traders to quickly capitalize on new market opportunities in real-time from across multiple asset classes and global exchanges.
  
  Click here to view an example of time-series market data streams flowing through a StreamBase query. StreamBase Studio provides an integrated environment for creating StreamBase applications that capture and analyze market data.
  
  
• Risk Management — Risk management is fast becoming a real-time necessity. Risk management applications must monitor positions and P&L across multiple trading operations, and track movement of all market variables for each risk model they are running. With StreamBase, market data and positions can be continuously evaluated across all activities in which the organization is engaged, ensuring maximum profitability of trading operations with minimized risk. And, StreamBase's 64-bit architecture offers significant performance gains to leverage in-memory processing of the large datasets typically required for enterprise risk applications.
  
  
• Transaction Cost Analysis — Firms looking to measure and optimize execution quality and costs can use StreamBase to compare past trading history to the history of executed transactions and compute customized execution-quality metrics for various sources of liquidity. With StreamBase, firms can closely monitor time-sensitive or cost-sensitive orders on-the-fly, alert traders in real-time when an execution fails to meet target metrics, and enable traders to change strategies before orders are filled.
  
  
• Compliance Management and Market Surveillance — Management of the compliance process is an increasingly daunting task, particularly with complex regulations associated with Reg NMS, Sarbanes-Oxley, and the USA Patriot Act, and guidelines from agencies such as the SEC and NASD. StreamBase enables institutions to continuously monitor pre-trade data to ensure strict compliance with pre-defined internal and regulatory trading policies before the trade is executed. With StreamBase, organizations monitoring compliance can also easily modify compliance rules via graphical interface, thereby ensuring that exceptions, abnormalities and non-compliance issues are always identified without posing an excessive maintenance burden on IT organizations.

To learn more about what StreamBase can do for you in capital markets, please visit our Developer Zone to download an evaluation kit, and contact us at sales@streambase.com.