StreamBase Systems, a provider of Complex Event Processing (CEP) technology, announced that Crex Group, a New York-based institutional FX market leader, has selected StreamBases CEP platform as the foundation for its ultra low-latency market data and transactional infrastructure.
Crex chose StreamBase as its internal standard CEP platform after evaluating multiple CEP vendors and trading technologies.
StreamBase meets and exceeds Crexs criteria for an ultra low-latency stream processing platform that enables rapid time-to-market and provides a customizable development environment as well as pre-built connectivity to multiple sources of real-time data, says William Dale, CEO, Crex Group. For Crex to lead the FX marketplace we must ensure we are developing FX trading technologies that will remain competitive in the future. This means our technology infrastructure must be built with best-of-breed solutions such as StreamBase that can be rapidly modified in response to tactical and structural changes in the FX market. With StreamBase we can update and test new algorithms in hours versus the days or weeks required by other solutions and this enables Crex to quickly react to the ever changing needs of the market.
D.C.