StreamBase Systems, Inc., complex event processing (CEP) software provider, releases StreamBase Reuters Edition (SRE), which adds support for Reuters Data Feed Direct (RDF-D).
The new software also introduces Reuters Schema Designer, a “live preview” tool for browsing and discovering the wealth of content on Reuters Market Data System (RMDS).
“This latest release makes users of StreamBase Studio’s graphical development environment even more productive in building applications that process the full range of Reuters data using the new RFA6 API, including low-latency direct-to-exchange feeds, order book data and news,” says Chris Risley, CEO, StreamBase. ” We are pleased to see the enthusiastic response to the product from our early customers, and this version further lowers the technical barrier to developing event processing applications that improve profitability and reduce risks.”
StreamBase says the new addition makes it easier than ever to build ultra low-latency real-time market data applications powered by Reuters market data feeds and RMDS. By eliminating the need to custom-code all aspects of real-time financial applications, SRE claims to allow a broader range of users across the capital markets to deliver high-value applications for improving profits and reducing risk.
“StreamBase has done a fabulous job building on the momentum from the first release of SRE by adding support for RDF-D direct feeds and introducing new tools that further increase the productivity of developers on the RMDS platform,” says Michael Parlapiano, executive vice president, Reuters Information Management Solutions. “Productivity matters more than ever to our clients, especially given the proliferation of new data sources and data types available through RMDS including over 50 RDF-D direct feed venues. StreamBase continues to be a source of innovation in our industry and we’re delighted SRE version 2 is now available to RMDS clients.”
StreamBase Reuters Edition Version 2 builds on the success of the initial SRE launch in November 2007 and adds new features such as support for all Reuters RDF-D direct to exchange data feeds with full order book depth, and the new Reuters Schema Designer. SRE includes adapters for both generic publishing and subscribing to all market data on RMDS, and a streamlined Reuters Connection Wizard that simplifies connecting to Reuters market data feeds and RMDS infrastructure. SRE-built applications can now incorporate Reuters NewsScope Real-Time news flow and Reuters NewsScope Sentiment Engine news sentiment scoring.
“Gone are the days when complex-event processing technology was simply a ‘nice-to-have’ part of a low-latency trading infrastructure,” says Kevin McPartland, a senior analyst at TABB Group “Today, with the increasing deployment of low-latency data feeds, a well-integrated and easily customizable CEP system has become an integral component of low-latency infrastructures and a valuable tool in making trading decisions in milliseconds.”