Sophisticated Technology Platform Combined with Low Latency Data Delivery Results in Faster Decision Making for StreamBase clients
Boaton, MA — February 23, 2009 — StreamBase Systems, a leading provider of high-performance complex event processing (CEP) software, today announced that it is extending its capital markets frameworks to include low latency data from Interactive Data Corporation’s (NYSE: IDC) Real-Time Services business.
StreamBase’s Market Data Management, Smart Order Routing, and Real-Time Profit and Loss frameworks allows customers of StreamBase and Interactive Data to access market data delivered by PlusFeedSM, Interactive Data’s consolidated high-quality, low latency digital datafeed that powers algorithmic and electronic trading applications. PlusFeed delivers low latency data on over six million securities from more than 450 sources around the world.
Interactive Data and StreamBase have created a series of extensions that allow customers to connect to content delivered by PlusFeed. The resulting solution supplies real-time market data, time-sensitive pricing and reference data for millions of financial instruments across multiple asset classes worldwide — allowing simple and effective development of market data management applications.
“We are pleased that StreamBase has integrated PlusFeed into its family of frameworks for the capital markets,” said Jay Kilberg, Managing Director, Interactive Data Real-Time Services. “Our relationship with StreamBase facilitates the delivery of our low latency data to a wider range of customers such as sell-side firms and hedge funds.”
“Extending our CEP platform and frameworks to include PlusFeed can provide financial services institutions the ability to get to market with low latency execution and routing systems more quickly than before,” said StreamBase Chief Executive Officer Mark Palmer. “And our best in class development environment can help to not only get into market quickly, but also to stay in market and perform better than the competition - because we’re the only CEP platform with a full visual debugging, testing, and profiling environment."