Vhayu and StreamBase today announced they have joined forces to deliver a tightly integrated platform for real-time and historical market data storage and analysis.
The partnership will provide financial institutions with the powerful combination of an easy-to-use, high performance complex event processing (CEP) platform tightly integrated with a high speed tick database.
In the increasingly competitive world of capital markets, the winners are those hedge funds and investment banks who can apply better analytics on shorter timescales to fast moving market data. Customers using StreamBase and Vhayu can do this because they are able to rapidly build real-time applications that load or query large volumes of historical tick data. StreamBase's high performance CEP platform and Vhayu's Velocity enterprise class market data analysis and storage solution allow customers to easily back-test their real-time analytics by drawing on large quantities of historical data. Any quantitative analyst who uses an iterative test and revise process to refine their predictive or trading models will find the combination of StreamBase and Vhayu Velocity greatly accelerates their work.
"By combining StreamBase's Event Processing Platform and Vhayu Velocity, we are responding to the market need for CEP software to be tightly integrated with a high performance tick database," says Jeff Hudson, CEO at Vhayu. "If that integration doesn't exist, the CEP engine has to make outside queries to relational database technology, which adds latency that renders some algos unusable. The joint solution allows firms to devise algorithmic and quantitative strategies, which may require months to years of tick data to discover past patterns that may predict existing or future trading conditions."
"Our customers have been calling for increased data management and analysis capabilities, and this partnership with Vhayu is in direct answer to those calls," says Chris Risley, CEO at StreamBase. "This will allow us to provide our customers with the real-time and historical data they need to get a complete picture of trading activity, combined with our low-latency, high throughput event server, all in a GUI authoring environment."
The partnership includes the development of the new ‘StreamBase Chronicle for Vhayu' integration layer, optimized for high performance loading and querying. Global availability of the adapter and joint sales and marketing activities are expected in Q3 2008.
Vhayu and StreamBase will be exhibiting at SIFMA's Technology Management Conference 2008 in New York, June 10-12. For more information, please visit Vhayu at booth number 1430 and StreamBase at booth number 1800.