Sybase, Inc, the largest enterprise software and services company exclusively focused on managing and mobilising information, today announced that three of the top complex event processing (CEP) vendors have completed integration certification with RAP - The Trading Edition, Sybase's recently launched next-generation market data analytics platform.
Sybase and its CEP partners Aleri, Coral8, and StreamBase can now deliver both ultra-low latency and support for massive historical market data in one optimised and integrated market data analytics platform.
"In today's rapidly moving financial services industry, capital market firms face competitive pressure to build complex quantitative trading strategies that will detect past and present patterns of events in the financial markets, and then predict how they will impact high-level business goals, policies and processes," says Rudi Leibbrandt, Sybase practice manager at Sybase SA. "CEP software is used to create and deploy applications that process large volumes of incoming messages or events, analyse those real-time messages or events in various ways, and respond to conditions of interest in microsecond timeframes."
According to TABB Group Senior Analyst Miranda Mizen in a newly released report, Real-Time Risk: Managing Execution Risk in an Increasingly Electronic World, "Many firms are beginning to leverage Complex Event Processors (CEPs) to handle the incoming data - CEPs play a crucial role as the information enablers. They take in data from multiple sources and aggregate, normalise and consolidate data with minimum latency."
"In the real-time, highly competitive environment of capital markets, traditional custom-coded infrastructures are no longer able to keep pace with the speed and volume of data," says Neil McGovern, director of product marketing, Sybase. "In addition, as markets evolve and situations change, they do not provide the flexibility needed to stay competitive. RAP - The Trading Edition combined with CEP technology delivers the real-time data analysis without latency that today's market demands."
RAP - The Trading Edition is a powerful, flexible market analytics platform for capital markets that enables better trading and portfolio decisions with less risk through timelier, more comprehensive market insight, explains Sybase SA's Leibbrandt. "When combined with leading CEP technologies, the solution provides customers with both ultra-low latency and access to large quantities of historical data in a single platform."
He points out that this platform benefits many constituents within a financial services organisation. "For example, risk managers will benefit from real-time and intra-day risk management capabilities, while quantitative analysts can develop and test using RAP - The Trading Edition as the data source and simulate data flow for testing with RAP and CEP engines," he adds.
Sybase RAP - The Trading Edition and CEP partner products will allow:
* Support for real-time capture and storage of market data enabling: - Model development and execution in minutes vs hours - Intra-day back-testing of algorithms against years of market data - Execution of advanced algorithms * Support for post-execution information flow to: - Evaluate efficacy of trading strategies - Monitor P&L and risk at trade book and portfolio level * Support for pre-trade analytics including: - Pricing and order generation - Order book aggregation - Liquidity monitoring
To access the RAP - The Trading Edition demo, visit http://video.sybase.com/rap_demo/demo.html.
For more information on Sybase's Financial Services Industry solutions, please visit http://www.sybase.com/products/industrysolutions/financialservices.
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Sybase SA is the sole African representative of Sybase Inc the largest global enterprise software company exclusively focused on managing and mobilising information. Sybase provides open, cross-platform solutions that securely deliver information anytime, anywhere, enabling customers to create an information edge. The world's most critical data in commerce, finance, government, healthcare and defence runs on Sybase. For more information, visit the Sybase Web site at www.sybase.com or www.sybase.co.za.
Aleri
Aleri is a leading provider of enterprise-class complex event processing (CEP) technology for financial institutions and beyond.
Aleri's CEP Platform was designed from the ground up to provide the most robust architecture available for the rapid implementation of mission-critical applications within the most demanding environments. Built for high throughput with minimal latency, Aleri's event processing technology allows customers to analyse and respond instantly to high-volume, high-speed data to minimise risk and increase competitive advantage. Aleri is the first to develop and deploy commercial enterprise-class applications built on event processing technology, the Aleri Liquidity Management System, which is used by some of the largest global bank treasuries in the world, and the Aleri Market Liquidity Analysis engine, which consolidates and analyses multiple order book feeds from individual exchanges to provide a powerful tool for trading in fragmented markets. Aleri is a global company headquartered in Chicago with offices in New York, New Jersey, London, and Paris. For more information, visit www.aleri.com.
Coral8
Based in Mountain View, California, Coral8, Inc is a leading provider of software for Complex Event Processing (CEP). Bringing together high-performance, innovative SQL-based programming language and enterprise-class features, Coral8 Engine is the fastest, lowest cost way to build and deploy powerful, sophisticated CEP applications. Coral8 is speeding the delivery of critical business information for customers worldwide, including Fortune 500 companies and global leaders within financial services, e-commerce, telecommunications, transportation, government and other rapidly growing vertical applications. For more information, visit www.coral8.com or call (650) 210-3810.
StreamBase
StreamBase Systems, Inc, a leader in high-performance Complex Event Processing (CEP), provides software for rapidly building systems that analyse and act on real-time streaming data for instantaneous decision-making. StreamBase's Event Processing PlatformT combines a rapid application development environment, an ultra low-latency high-throughput event server, and the broadest connectivity to real-time and historical data. Leading investment banks, hedge funds, and government agencies use StreamBase to power mission-critical applications that increase revenue, lower costs, and reduce risk. The company is headquartered in Lexington, Massachusetts. For more information, visit www.streambase.com.
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