iSpheres Corporation, a provider of real-time intelligence on streaming data, announced the availability of iSpheres Event Server 5.2.
The Oakland, California-based iSpheres describes Event Server 5.2 as a scalable engine used for financial trading applications requiring high volume and low latency data capture and analysis -such as trade exception management, real-time position management, algorithmic trading, and real-time compliance and fraud monitoring. Event Server’s newest release offers firms optimized memory management and faster multi-threading, both of which increase analysis speed and lower latency during data capture. Event Server now captures 400,000 messages per second. In addition, it enables customers to develop new applications in weeks, compared to months with competitive solutions.
“Financial firms have an incessant requirement to capture massive volumes of streaming data, analyze it as it streams in, and take intelligent action on it quickly,” said Deepak Gupta, CEO at iSpheres. “The iSpheres Event Server was designed not only for raw speed, but also for its ability to correlate complex real-world conditions across multiple streams of input. The Event Server handles both structured — e.g, tick — and unstructured — e.g., news — data simultaneously, offering trading desks and risk managers a richer information environment from which to make critical decisions.”
iSpheres also announced today the appointment of John Burgos as Senior Sales Engineer and the promotion of Randy Begotka to VP of Sales. John, formerly with SunGard, has deep financial services software expertise in networks, straight-through-processing, and payment systems. Randy was previously Sales Director for iSpheres.