StreamBase Systems Addresses Distortion and Hysteria in U.S. and International Markets Caused by Failing Legacy Systems and Custom-Coded Applications

01/03/2007 - 10:52

Tuesday's collapse of the Dow Jones Industrial Average and the
failure of exchange-related systems to keep up with trading data
volumes further signals the need to replace legacy technologies and
custom-coded applications with scalable, high-performance Complex
Event Processing (CEP) systems. These CEP systems can process up to
millions of messages per second in real-time. As data volumes continue
to grow exponentially -- such as those on the NYSE which surged to
2.41 billion shares on Tuesday -- custom-coded and many electronic
trading systems are not equipped to process the increasing quantities
of real-time data crossing the wire.

"Today's markets are driven by increasing data volumes and
widespread adoption of automated trading, and on Tuesday the markets
saw heavy trading volumes which we now know overwhelmed existing
systems," said Sang Lee, Managing Partner of Aite Group. "The rapid
plunge in a key index resulting from the data backlog, combined with
the overload in electronic systems, highlights the need and growing
demand to upgrade core financial infrastructures. As a result, we
expect to see demand for high-performance CEP systems substantially
increase because of their inherent ability to manage these exponential
increases in market data."

The leading high-performance CEP software, developed by StreamBase
Systems, processes, analyzes, and responds to stock market data at
volumes ranging from hundreds of thousands of messages/second up to
millions of messages/second. As the world's fastest and most scalable
CEP platform, StreamBase is used by major investment banks, hedge
funds, and exchanges to quickly build real-time market data
applications including automated trading, real-time analytics and
index computation, pre- and post-trade compliance, and market data
processing.

"Yesterday's failure of systems and the resulting anxiety could
have been completely avoided if the right systems were in place," said
Barry Morris, Chairman and CEO of StreamBase. "The inability of
systems to keep pace with the high trading activity can shatter the
market, as we saw happen yesterday. There's never been a more critical
time, post 9-11, to make an infrastructure change from legacy systems
and inflexible custom-coded applications to a 21st century technology
built for today's high-volume, low-latency processing demands."

About StreamBase

StreamBase's award-winning Stream Processing Engine, fueled by the
standards-based next generation query language, StreamSQL(TM) and an
Eclipse-based development environment, offers the fastest Complex
Event Processing software for processing of real-time and historical
data. With StreamBase and StreamSQL, enterprises can query, process,
and analyze real-time and stored data at rates of up to hundreds of
thousands messages/second. StreamBase's combination of real-time
performance, persistence, and programmability empowers enterprises in
industries like financial services, telecom and networking,
e-Business, government and military to solve new classes of business
challenges in a more timely, scalable, and cost effective manner than
custom-coding. StreamBase is headquartered in Lexington, Massachusetts
with offices in New York, Washington, D.C., and London. A downloadable
version of StreamBase's software is available at www.streambase.com.