BNY ConvergEx Group, an agency brokerage and trading technology firm, has deployed software provider StreamBase Systems’ complex event processing (CEP) platform for its US-based electronic trading operations.
The StreamBase stream processing engine provides real-time monitoring for ConvergEx’s US electronic trading infrastructure, which includes the broker's VortEx dark liquidity pool, market interaction monitoring, routing, trading operations analysis, credit risk correlation, system health monitoring and real-time analysis of market feeds for latency and response time.
“The implementation of StreamBase allows us to monitor our risk, make routing decisions, and assess the health of our entire US trading operations in real-time,” said Joseph Weisbord, managing director, BNY ConvergEx Group, in a statement.
ConvergEx uses StreamBase Studio, a graphical event flow modelling environment, to design, test, deploy, and sustain its system. It also uses the StreamBase’s event processing engine to apply risk models and latency measurement in real-time. The system monitors latency with multiple electronic trading venues. If one fails to respond with expected latency, StreamBase helps ConvergEx address technical issues, correlate and understand risk profiles, alert trading operations staff or adjust routing decisions for trading.