Thomson Reuters is to integrate complex event processing (CEP) technology from StreamBase with its Elektron data distribution network.
Launched last year, Elektron is a fibre-optic network tapping strategically located proximity and co-location hosting centres to help firms access and share information and to trade faster.
With increasingly complex markets and the rise of high-frequency trading, the firm is now teaming with StreamBase to let firms tap the latter's CEP platform via Elektron to power their HFT strategies.
The integrated offering delivers a range of configurations to support ultra-low latency applications and can be deployed as a local client installation or in Elektron's globally distributed hosted environment.
With pre-integrated access to real-time data from Thomson Reuters and partners, firms will benefit from accelerated time to market together with the ability to rapidly iterate their trading strategies as opportunities arise, says the vendor.
The StreamBase CEP technology will be offered as a component within the Enterprise platform for Velocity Analytics to create an end-to-end quant system for back testing, algorithmic development and deployment. It will also complement the existing Thomson Reuters Dealing Aggregator FX trading offering by providing CEP capability in tandem with the low latency algo trading platform.
Mike Powell, global head, enterprise real-time solutions, Thomson Reuters, says: "The combination of StreamBase's market leading CEP engine together with Elektron will provide a platform for us to deliver flexible and sophisticated solutions to our customers faster and more efficiently."
Mark Palmer, CEO, StreamBase, adds: "The combination of CEP and the vast resources and capabilities of Thomson Reuters is a big turning point in the global adoption of StreamBase as the standard platform for innovative, real-time applications within the financial markets. We're honoured to be selected as the CEP platform of choice for Thomson Reuters thousands of customers worldwide."
The Thomson Reuters agreement comes a year after StreamBase inked an integration deal with fintech giant SunGard and again underlines the importance of CEP for building trading applications.
Another player in the market was snapped up by Sybase in 2010, partly to regain control of technology licensed from Aleri subsidiary Coral8.