Brazilian hedge fund Kairos Asset Management has chosen financial software firm StreamBase’s complex event processing (CEP) platform to build a new high-frequency trading system for equities and foreign exchange.
Founded in 2003 by proprietary traders from several Brazilian financial institutions, Kairos employs both quantitative and qualitative investment strategies. It needed to replace its existing trading system with a CEP-based platform.
According to Alberto Araujo, COO at Kairos, the company began evaluating CEP providers in mid-2008, with StreamBase emerging as the winner after a few months of testing.
“Our developers downloaded StreamBase and got to work developing a new algo trading system and were amazed at how easy it was to build applications,” Araujo said in a statement. “The Kairos team consists of experienced equity and FX traders who demand rapid time to market for their trading strategies and quant developers who need to be able to respond to those demands in real-time. We believe that StreamBase’s flexible visual development environment, multi-threaded scalable CEP servers and wide selection of equities and FX connectivity options empowers our developers to keep up with the demands of an ever changing market.”
Mark Palmer, CEO of StreamBase, added, “Kairos’ selection of StreamBase validates our white-box approach of providing developers with a high-speed CEP platform, combined with connectivity and visualisation options necessary to build fully customisable trading systems based on an underlying CEP architecture.”