The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

StreamBase Lowers Latency, Speeds Up Development

With the release of version 7 of its complex event processing (CEP) offering, StreamBase Systems is taking a swipe at latency while addressing usability to make creation of applications faster and easy enough for a business user to tackle.

Overall performance has apparently been improved by 20%, together with the introduction of fine-grain control of that age-old trade-off, reducing latency at the expense of throughput, and vice versa. That’s important for low-latency applications where proprietary code is often written to get a performance edge over packaged applications and code generators.

There has also been “microsecond-level” optimisations on the connectivity side, as well as a new FIX protocol handler (currently in beta) that has benchmarked at 50 to 75 microseconds for sending messages, depending on size. That performance is some 75% faster than other FIX engines, says the company, though it will continue to support alternatives and does not plan to compete head on in that space. That said, it knows it is on to a good thing, and is pricing its FIX handler at a subscription of $50K per year, a considerable premium to the other connectivity handlers that it offers.

And speaking of connectivity, the new version has added 22 handlers, including for messaging platforms from Informatica (29West), NYSE Technologies (everyone still calls it Wombat), Solace Systems and Tervela. And responding to the increase in algo trading outside of equities, it’s also added 10 handlers for FX market sources, including alternative trading systems and pricing services from individual banks.

The rapid deployment – and ongoing maintenance – of applications has also been targeted, with an overhaul of the StreamBase Studio visual development environment. Officially, the new interface “dramatically increases the speed and quality of application innovation,” while StreamBase CEO Mark Palmer – citing Thomas Edison no less – articulates it as “I make more mistakes than anyone else I know, and sooner or later, I patent them.” His point being that it makes it easy to prototype new trading ideas, back test them, and tweak them to perfection.

Without getting into the nitty gritty of the new development interface, it essentially allows for the graphical layout of code modules and connections between components, with easy technical option configurations, allowing non technical staff to “read the code.” As such, it’s likely to be popular among those designing algorithmic trading, order-routing and pre-trade risk functionality.

In fact, one customer – SunGard – is using StreamBase to add pre-trade controls to its Valdi trade management system. “The usability of StreamBase Studio helped us develop a new Valdi product, we used it to describe requirements collaboratively with IT and because we were working with the actual code, we made better architectural decisions early that made for a better first release,” says, Chris Lees, vice president of SunGard’s global trading business.

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 1 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

London’s Continued Future as a Global Financial Centre Assured in Post-Brexit Era

By John R. Bryson, Professor of Enterprise and Economic Geography, University of Birmingham Recent newspaper headlines have declared that ‘Amsterdam ousts London as Europe’s top share trading hub’. This has been seen as another downside of the UK leaving the UK. Amsterdam has become Europe’s most important hub for trading shares with London pushed into second place....

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

MiFID II Handbook – Second Edition

With the compliance deadline for Markets in Financial Instruments Directive II (MiFID II) just over two months away, A-Team Group has updated its MiFID II handbook to bring you the latest details on the regulation’s compliance requirements. Version 2 of the handbook, commissioned by Thomson Reuters, also includes new sections covering data sourcing and data...