StreamBase Systems today announces a partnership with Zhejiang Hithink Flush Information Network Co., Ltd. ("Hithink"), a leading financial information services provider in China.
Hithink will use StreamBase to build a range of innovative trading products for the Chinese market and will also sell and support StreamBase development platform, connectivity and real-time visualization tools.
Established in 1995, Hithink has a history of successfully building market data and trading systems for their retail and institutional clients, with over 1,000 employees, 50 million customers and revenues of over 200M RMB. Electronic trading is rapidly expanding in China, and Hithink will use StreamBase platform to improve their existing infrastructure and develop new high performance trading applications such as algorithmic trading, transaction cost analysis, and market data management that make use of key CEP features such as aggregation, correlation and temporal analytics.
In fast growing markets such as China, firms require a technology platform that enables them to quickly and more efficiently innovate, test and deploy trading systems. But because innovation is so fleeting, it's also critical to quickly update those systems in response to changes in the market, such as new venues, volumes and sources of market data. StreamBase is the market leader in the CEP and real-time analytics technology space, offering high productivity development tools to help firms develop and iterate on their trading ideas in days not weeks - typically 3 to 5 times faster than with traditional application server and database technology, and with fewer developers.
"We are excited to partner with StreamBase and eager to introduce CEP technology and a suite of innovative products to the Chinese trading community," said Huang Yi, Associate Director of Business Development at Hithink. "The financial industry in China has evolved rapidly and as our clients become more sophisticated in electronic trading we see great opportunity for CEP-powered applications."
"The window of opportunity for trading leadership in China wide open, and the firms that move fastest will be the big winners," said Mark Palmer, CEO of StreamBase. "StreamBase allows firms to have a view of trading activity at their fingertips immediately, without having to wait for reports and analysis that's an hour or two old that come from tools designed to look at historical data. StreamBase provides the tools that can provide a live, continuous view of trading, and our partner Hithink can provide the business and trading acumen to apply those tools based on their long history of success in the financial markets in China. We're thrilled to announce our partnership to help our Chinese clients achieve their trading goals."