Futures market data and analytics provider CQG will use Progress Apama’s complex event processing (CEP) platform to deliver advanced execution capabilities to its clients, under a deal struck by the two suppliers. The new offering allows CQG users to automatically execute trades that have been signalled within CQG’s analysis tools, invoking tailored algorithms offered through the Apama platform.

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CEP platform provider Coral8 has named Colin Clark and Michael DiStefano to lead a new, dedicated financial services group. Clark has joined the company as executive vice president of financial services with responsibility for sales and services, while DiStefano becomes vice president of architecture for financial services.

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Royal Bank of Canada’s RBC Capital Markets has implemented an integrated solution from Vhayu and StreamBase for real-time and historical market data storage and analysis, and back-testing for trading strategies.

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StreamBase Systems, a provider of high-performance complex event processing (CEP) software, has hired Terrence Kim as director of product management. Kim previously ran global product management for the ITG Net division of Investment Technology Group. He has also worked at State Street Corp., WestLB AG, and Wellington Management Company, LLP. Before this, Kim worked with an online FIX company, focusing on the development and streamlining of electronic trading workflow. He started his career trading futures and options contracts.

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Coral8, a provider of Complex Event Processing (CEP) software, has unveiled Coral8 Engine and Portal Release 5.5. The upgraded product suite includes significant new functionality that delivers Continuous Intelligence across enterprise networks for faster decision making and business execution.

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StreamBase Systems, a provider of complex event processing software (CEP), today announced that BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, has deployed the StreamBase CEP platform for their US based electronic trading operations.

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StreamBase Systems, a provider of high-performance complex event processing (CEP) software, has promoted President and Chief Operating Officer Mark Palmer to the position of Chief Executive Officer. The appointment is effective 1 October, 2008.

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Two weeks ago, STAC released a STAC Report on order book consolidation using the Aleri Streaming Platform running on a single quad-socket server using Solaris 10 and the Intel Xeon 7350 (Tigerton) processor. This server handled 180,000 order book updates per second with a mean latency of approximately 1.5 milliseconds and 99th percentile latency of approximately 3 milliseconds. On September 15, 2008, Intel released the Xeon 7400 series of 6-core processors, codenamed “Dunnington.” Intel therefore asked STAC to re-run the exact same Aleri configuration after upgrading the processors in the server.

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STAC has released results from tests of an order book aggregation solution built on the Aleri Streaming Platform. The Aleri solution consumed streaming, full-depth order data for two US equity exchanges via the Reuters Market Data System version 6 and aggregated the orders by price to produce a single, consolidated order book stream as the output. The consumer of the consolidated output stream was a single instance of a test client that STAC wrote to the Aleri API and Aleri helped to optimise. The consumer subscribed to one quarter of the entire set of consolidated order books.

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StreamBase Systems, provider of complex event processing technology, has teamed with researchers from enterprise software giant Oracle Corporation to research complex event processing (CEP) techniques and advance convergence on standard language implementation issues in an effort to continue to support the growth of CEP by applying standards that will allow enterprise developers to quickly understand, learn, and apply stream processing technologies.

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CEP vendor Coral8 has announced the availability of Coral8 Engine Release 5.4. The new release extends Coral8’s Continuous Computation Language (CCL) and provides greater configuration flexibility. The Coral8 Portal was enhanced to add more visualisation options, including drill-down support.

Firms must embrace the shift toward increasingly electronic, ‘fast markets’ – making the requisite investment in technology infrastructure – if they are to benefit from the operational efficiencies and exploit early-mover advantage. That’s the finding of a new white paper from CEP platform provider Aleri – produced in conjunction with A-Team Group and available for free download at www.aleri.com/resource-library/whitepapers/index.php.

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Vhayu has appointed Tim King to the position of director of sales for Europe, Middle East and Africa (EMEA) to support strong company growth in the region. With three European customers acquired in the first half of 2008, the appointment extends the London-based sales and services team and allows Vhayu to respond to increased market demand in the region. The additions to Vhayu’s European client roster include financial institutions in the United Kingdom and Spain and a mortgage provider in Denmark.

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Kx Systems, a specialist in high-performance database and time series analysis, has signed a partnership agreement with Hologram Business Intelligence, the Australian-based supplier of business performance management solutions. The deal will see Hologram taking on the sales, support and consultancy of Kx’s Kdb+ database and its q language in the Asia-Pacific region. Kx products may also be incorporated into Hologram’s offerings in the future.

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CEP specialist Coral8 has joined the STAC Benchmark Council and has also provided the STAC Lab with its event-processing platform (EPP) for end-user evaluations.

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CEP vendor Aleri has signed a reseller agreement with Sybase that will provide organisations with an integrated platform that combines historical data and low-latency, real-time data. The agreement allows Sybase to resell Aleri’s CEP platform in conjunction with Sybase RAP – The Trading Edition.

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Coral8, a leading provider of Complex Event Processing (CEP) software, has announced a reseller agreement with Sybase that will enable global organizations to easily implement high-impact, next generation event-driven applications within their enterprise information fabric. The reseller agreement allows Sybase to offer the Coral8 Engine and Portal as a general purpose CEP platform in conjunction with any Sybase solution globally.

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StreamBase Systems has released StreamBase version 6.0, the latest version of its award-winning complex event processing (CEP) software platform. StreamBase version 6.0 is the first CEP platform to deliver critical features that enables enterprise-class development, testing, and deployment features. These features further advance StreamBase’s lead as the easiest and most reliable environment to build, test, debug, profile, and provision CEP applications.

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CEP vendor Coral8, datafeed handler/middleware specialist Wombat, (now an element of NYSE Euronext Advanced Trading Solutions), have announced the Coral8-Wombat Edition, a new integrated package of Coral8’s industry leading CEP platform for use with Wombat high-speed market data infrastructure.

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Skyler Technology Europe has partnered with low-latency infrastructure provider Fixnetix to jointly offer a hosted aggregated order book service. The offering is targeted at the companies’ mutual customer base including leading banks, asset managers, hedge funds and exchanges.

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