Sybase and Streambase forge real-time analytics partnership
Sybase, Inc. (NYSE:SY), a leading provider of enterprise infrastructure and mobile software, today announced that Sybase's Real-time Analytics Platform, a highly optimized real-time data processing service platform, now integrates with StreamBase's high-performance Complex Event Processing (CEP) platform. The joint solution will support real-time applications having large storage requirements, such as back-testing for algorithmic trading, risk analysis and historical trade auditing.
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The driving market forces behind this solution include competitive pressure to build complex quantitative trading strategies, a heightened demand for combined static and dynamic data analysis, and the explosive growth of market data volumes. "Vendors are recognizing the market demand for applications that can help institutions integrate real-time data, historical data, and overlay analytics to provide both derived data and actionable output," said Ben Butterfield, senior research associate at The Tower Group.
"We're elated to work with Sybase," said Dr. Michael Waclawiczek, senior vice president, products, StreamBase. "As a leader in enterprise infrastructure and mobile software, Sybase aligns perfectly with our industry- leading CEP platform. We look forward to working with Sybase to bring this joint solution to our customers and to further address today's real-time data intensive challenges."
Sybase(R) Real-time Analytics Platform is a high performance enterprise- wide solution that delivers in-memory transaction processing, massive time- series data management, deep historical data analysis and is built on Sybase's capital market industry-proven data management and patented data analytics technologies that have been enhanced to perform in a highly scaleable manner.
"Based on our extensive experience in financial services and leading market share, Sybase recognizes the importance of high performance CEP for the industry," said Steve Capelli, president, worldwide field operations. "The combination of StreamBase and Sybase Real-time Analytics Platform provides a powerful platform on which financial services firms can build strategic real-time applications."
Sybase Real-time Analytics Platform can deliver virtual market data feeds at accelerated speeds to match StreamBase's high-performance CEP platform and targets a wide range of real-time front, middle and back office applications including:
-- Back-testing trading strategy algorithms using virtualaualalgorithms using virtual feeds of historical data
-- Algorithmic trading applications running queries against both real-time market data and massive historical data repositories of 100+ terabytes
-- Validating predictive modeling applications by comparing predicted events to actual events
-- Performing pre-trade risk and compliance analysis