StreamBase today announced that CMC Markets Plc has selected StreamBase as their Complex Event Processing (CEP) platform after a comprehensive evaluation of CEP products.
CMC Markets is a major FX market maker offering tailored online trading solutions for retail investors, banks, brokers and financial intermediaries worldwide and will use StreamBase for a wide range of FX applications.
"StreamBase was selected because it met all our requirements for a high-performance CEP platform for FX," said Asif Adatia, Chief Information Officer at CMC Markets Plc. "Our requirement for a mature CEP platform that can connect to multiple FX market data sources, handle tens of thousands of events per second and at the same time offer high availability was addressed by StreamBase. In addition we were looking for features that would support enterprise development and StreamBase's visual debugging and unit testing features met those needs."
"We are seeing more and more interest in FX applications for StreamBase," said Mark Palmer, CEO of StreamBase. "FX customers have special requirements such as direct bank connections and the need to rapidly add new data feeds. CMC Markets' selection of StreamBase is another sign that CEP is moving away from first generation applications such as algorithmic trading for equities and into more second generation application, including those for FX. Second-generation CEP platforms such as StreamBase not only offer customers a comprehensive development environment with tools for unit testing and visual debugging, but also embrace standards, offer multi-threading for scalability, and offer a wide range of connectivity options."