StreamBase partners Alphastream on Brazil algo trading

Source: StreamBase Systems

StreamBase Systems, a leading provider of Complex Event Processing (CEP) technology, today announced a partnership with Alphastream, a solutions provider of advanced technologies to financial institutions.

Alphastream offers the Brazilian financial industry a complete solution of professional services and tools for building the next generation of electronic trading systems.

"We are very excited to bring the best-of-breed CEP technology to the Brazilian market," said Hamilton Araujo, managing director of Alphastream. "We are very impressed by the performance and ease-of-use of StreamBase's visual development environment, which allows us to work with our customers, both business analysts and developers, and create sophisticated strategies with an event-driven trading infrastructure."

"The growth of the Brazilian market has gained substantial attention from foreign investors," said Martin Koopman, a financial services software analyst who specializes in Latin American capital markets. "At the same time, there is an increased demand from the local trading community, including hedge funds, asset managers, investment banks and broker/dealers for upgrading their technology platforms to keep up with global competition."

Richard Tibbetts, CTO of StreamBase commented: "We are pleased to partner with Alphastream and look forward to leveraging Alphastream's broad understanding of the market and relationships with the local financial community to deliver tailored trading solutions powered by StreamBase CEP."

StreamBase and Alphastream will be jointly exhibiting at the FPL Latin America Conference on Monday, August 9 at the Marriott Renaissance Hotel in São Paulo.

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