StreamBase Systems, a Complex Event Processing (CEP) provider, yesterday launched two new solutions focussed on MiFID and algorithmic trading to meet the requirements of regulatory complexity and soaring market volumes in Europe. The solutions are the firm’s response to growing customer demands and the increased investment by the financial services industry in specialised CEP.
“The introduction of our solution sets for MiFID and Algo Trading offer our European customers the tools they need to drive best execution and regulatory compliance,” says Barry Morris, chairman and CEO, StreamBase.
“We are pleased to partner with StreamBase to deliver solutions for MiFID and Algorithmic Trading,” notes John Mesberg, vice president, Software Group Industry Solutions, IBM. “The companies’ combined capabilities will enable our capital markets customers to meet the demands of a rapidly changing and increasingly competitive market environment where low latency processing and real-time analytics are critical,” he adds.
StreamBase’s MiFID and algorithmic trading solutions support needs including market data handling and trade generation, trade execution strategy, order book analysis, transaction cost analysis, and compliance. According to the firm, these solutions will enable financial services institutions to create, implement and evolve regulatory models and trading strategies.