StreamBase Extends Capital Markets Frameworks with Real-Time Data Delivered by Interactive Data
February 23 2009 - 9:00AM
Business Wire
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.�
About StreamBase
StreamBase Systems, Inc, the 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. StreamBase�s Event Processing
Platform combines a rapid application development environment, a
low-latency high-throughput event server, and the broadest
connectivity to real-time and historical data. Leading investment
banks, government agencies, e-Businesses, and telecommunication
network providers rely on StreamBase to power mission-critical
applications that increase revenue, lower costs, and reduce risk.
The company is headquartered in Lexington, Massachusetts. For more
information, visit www.streambase.com.
About Interactive Data Corporation
Interactive Data Corporation (NYSE: IDC) is a leading global
provider of financial market data, analytics and related services
to financial institutions, active traders and individual investors.
The Company's businesses supply real-time market data,
time-sensitive pricing, evaluations and reference data for millions
of securities traded around the world, including hard-to-value
instruments. Many of the world's best-known financial service and
software companies subscribe to the Company's services in support
of their trading, analysis, portfolio management and valuation
activities. Through its businesses, Interactive Data Pricing and
Reference Data, Interactive Data Real-Time Services, Interactive
Data Fixed Income Analytics, and eSignal, the Company has
approximately 2,400 employees in offices located throughout North
America, Europe, Asia and Australia. The Company is headquartered
in Bedford, Mass. Pearson plc (NYSE: PSO; LSE: PSON), an
international media company, whose businesses include the Financial
Times Group, Pearson Education, and the Penguin Group, is
Interactive Data Corporation's majority stockholder.
Interactive Data Real-Time Services is a leading provider of
real-time global market data to financial institutions,
redistributors and online financial portals worldwide. Offerings
from Interactive Data Real-Time Services include PlusFeed, a
consolidated, low latency digital datafeed. Also managed as part of
this business is Interactive Data Managed Solutions, a leading
provider and operator of customized financial market information
systems.
For more information about Interactive Data Corporation and its
businesses, please visit www.interactivedata.com
Interactive DataSM and the Interactive Data logo are service
marks of Interactive Data Corporation. PlusFeedSM is a service mark
of Interactive Data Real-Time Services.
Interactive Data (NYSE:IDC)
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