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

Recorded Webinar: The evolution of market surveillance across sell-side and buy-side firms

Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and the emergence of new asset classes. This webinar will review the extent of market abuse in...

BLOG

Cloud, Trading Infrastructure Modernisation, Digital Transformation Are Hot Topics at This Year’s TradingTech Summit Virtual

The three key themes of Cloud, Trading Infrastructure and Digital Transformation underpinned A-Team Group’s 2021 TradingTech Summit Virtual earlier this week, which brought together speakers and panellists from across the financial markets technology sector. Irina Sonich-Bright, Managing Director at Credit Suisse, in conversation with A-Team’s Andrew Delaney, started proceedings by giving an upbeat outlook on...

EVENT

TradingTech Summit London

TradingTech Summit London will explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility. Leveraging the cloud, AI and ML technologies to get an edge, automate processes and simplify operations in a cost effective way is the name of the game and will share practical insight from practitioners and technology leaders who are innovating and driving forward change in trading operations.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...