Thomson Reuters has formed a strategic relationship with technology provider StreamBase to deliver complex event processing (CEP) technology, which can be used to power high-frequency trading strategies, over Elektron, the firm's high-performance global network.
The relationship will allow Elektron to combine comprehensive real-time and historical data, high capacity network connectivity and managed hosting services with a CEP platform for rapid application development and strategy deployment.
CEP is used for building high performance trading applications, either directly or via independent software vendors, and is often deployed as a component of real-time trading architecture.
“If you are an Elektron user you now have the ability to design strategies, co-locate at major financial centres, take data off the feed and find anomalies in the marketplace, then trade off of them with greater ease,” explained Emmanuel Doe, global business manager Thomson Reuters.
The integrated offering can be deployed as a local client installation or in Elektron's secure, globally distributed hosted environment. With pre-integrated access to real-time data from both Thomson Reuters and its partners, firms will have the ability to rapidly develop their trading strategies.
Doe says that the system is expected to be used by arbitrage trading firms, sell-side firms to deal with regulatory mandates such as Reg NMS, best execution or market abuse, or for risk management across a spectrum of firms.
Thomson Reuters will deliver a suite of applications using StreamBase CEP to address low-latency workflow so Elektron users will quickly get access to solutions but also will be able to customise the underlying application using the Streambase graphical user interface.
The StreamBase CEP technology will be offered as a component within the Enterprise Platform for Velocity Analytics, which lets users manage real-time and historical tick data to create an end-to-end quant platform for back testing, algorithmic development and deployment.