Sybase and CEP Vendors Partner to Deliver Faster, Better Trades -- Leading to Increased...
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Sybase and CEP Vendors Partner to Deliver Faster, Better Trades -- Leading to Increased Profits on Wall Street
Aleri, Coral8 and StreamBase Are Now Sybase-Certified to Deliver
Low Latency and Access to Large Volumes of Historical Data in a Single
Platform
DUBLIN, Calif.--(Business Wire)--
Sybase, Inc. (NYSE:SY), the largest enterprise software and
services company exclusively focused on managing and mobilizing
information, today announced that three of the top complex event
processing (CEP) vendors have completed integration certification with
RAP - The Trading Edition(TM), Sybase's recently launched
next-generation market data analytics platform. Sybase and its CEP
partners Aleri, Coral8, and StreamBase can now deliver both ultra low
latency and support for massive historical market data in one
optimized and integrated market data analytics platform.
In today's rapidly moving financial services industry, capital
market firms face competitive pressure to build complex quantitative
trading strategies that will detect past and present patterns of
events in the financial markets, and then predict how they will impact
high-level business goals, policies and processes. CEP software is
used to create and deploy applications that process large volumes of
incoming messages or events, analyze those real-time messages or
events in various ways, and respond to conditions of interest in
microsecond timeframes.
According to TABB Group Senior Analyst Miranda Mizen in a newly
released report, Real-Time Risk: Managing Execution Risk in an
Increasingly Electronic World, "Many firms are beginning to leverage
Complex Event Processors (CEPs) to handle the incoming data... CEPs
play a crucial role as the information enablers. They take in data
from multiple sources and aggregate, normalize and consolidate data
with minimum latency."
"In the real-time, highly competitive environment of capital
markets, traditional custom-coded infrastructures are no longer able
to keep pace with the speed and volume of data," said Neil McGovern,
director of product marketing, Sybase. "In addition, as markets evolve
and situations change, they do not provide the flexibility needed to
stay competitive. RAP - The Trading Edition combined with CEP
technology delivers the real-time data analysis without latency that
today's market demands."
RAP - The Trading Edition is a powerful, flexible market analytics
platform for capital markets that enables better trading and portfolio
decisions with less risk through timelier, more comprehensive market
insight. When combined with leading CEP technologies, the solution
provides customers with both ultra-low latency and access to large
quantities of historical data in a single platform. This platform
benefits many constituents within a financial services organization.
For example, risk managers will benefit from real-time and intra-day
risk management capabilities while quantitative analysts can develop
and test using RAP - The Trading Edition as the data source and
simulate data flow for testing with RAP and CEP engines.
Sybase(R) RAP - The Trading Edition and CEP partner products will
allow:
-0-
*T
-- Support for real-time capture and storage of market data enabling:
-- Model development and execution in minutes vs. hours
-- Intra-day back-testing of algorithms against years of market
data
-- Execution of advanced algorithms
-- Support for post-execution information flow to:
-- Evaluate efficacy of trading strategies
-- Monitor P&L and risk at trade book and portfolio level
-- Support for pre-trade analytics including:
-- Pricing and order generation
-- Order book aggregation
-- Liquidity monitoring
*T
To access the RAP - The Trading Edition demo, visit:
http://video.sybase.com/rap_demo/demo.html
For more information on Sybase's Financial Services Industry
solutions, please visit:
http://www.sybase.com/products/industrysolutions/financialservices.
About Sybase, Inc.
Sybase is the largest enterprise software and services company
exclusively focused on managing and mobilizing information. With our
global solutions, enterprises can extend their information securely
and make it useful for people anywhere using any device. The world's
most critical data in commerce, communications, finance, and
government runs on Sybase. For more information, visit
http://www.sybase.com.
About Aleri
Aleri is a leading provider of enterprise-class complex event
processing (CEP) technology for financial institutions and beyond.
Aleri's CEP Platform was designed from the ground up to provide the
most robust architecture available for the rapid implementation of
mission critical applications within the most demanding environments.
Built for high throughput with minimal latency, Aleri's event
processing technology allows customers to analyze and respond
instantly to high-volume, high-speed data to minimize risk and
increase competitive advantage. Aleri is the first to develop and
deploy commercial enterprise-class applications built on event
processing technology, the Aleri Liquidity Management System, which is
used by some of the largest global bank treasuries in the world, and
the Aleri Market Liquidity Analysis engine, which consolidates and
analyzes multiple order book feeds from individual exchanges to
provide a powerful tool for trading in fragmented markets.
Aleri is a global company headquartered in Chicago with offices in
New York, New Jersey, London, and Paris. For more information, visit
www.aleri.com.
About Coral8
Based in Mountain View, Calif., Coral8, Inc. is a leading provider
of software for Complex Event Processing (CEP). Bringing together
high-performance, innovative SQL-based programming language and
enterprise-class features, Coral8 Engine is the fastest, lowest cost
way to build and deploy powerful, sophisticated CEP applications.
Coral8 is speeding the delivery of critical business information for
customers worldwide, including Fortune 500 companies and global
leaders within financial services, e-commerce, telecommunications,
transportation, government and other rapidly growing vertical
applications. For more information, visit www.coral8.com or call (650)
210-3810.
About StreamBase
StreamBase Systems, Inc, a leader in high-performance Complex
Event Processing (CEP), provides software for rapidly building systems
that analyze and act on real-time streaming data for instantaneous
decision-making. StreamBase's Event Processing Platform(TM) combines a
rapid application development environment, an ultra low-latency
high-throughput event server, and the broadest connectivity to
real-time and historical data. Leading investment banks, hedge funds,
and government agencies use StreamBase to power mission-critical
applications that increase revenue, lower costs, and reduce risk. The
company is headquartered in Lexington, Massachusetts. For more
information, visit www.streambase.com.
Sybase and RAP - The Trading Edition are trademarks or registered
trademarks of Sybase, Inc. All other company and product names
mentioned may be trademarks of the respective companies with which
they are associated.
Special Note: Statements concerning Sybase's future growth,
prospects and new product releases are, by nature, forward-looking
statements that involve a number of uncertainties and risks, and
cannot be guaranteed. The words "anticipate," "believe," "estimate,"
"expect," "intend," "will" and similar expressions relating to Sybase
and its management may identify forward-looking statements. Such
statements are intended to reflect Sybase's current views with respect
to future events and may ultimately prove to be incorrect or false.
Factors that could cause actual events or results to differ materially
include shifts in customer demand, rapid technology changes,
competitive factors and unanticipated delays in scheduled product
availability. These and other risks are detailed from time to time in
Sybase's Securities and Exchange Commission filings, including, but
not limited to, its annual report on Form 10-K and its quarterly
reports on Form 10-Q (copies of which can be viewed on Sybase's Web
site).
Sybase, Inc.
Samantha Finnegan, 925-236-4033
samantha.finnegan@sybase.com
or
Incisor PR for Sybase, Inc.
Leslie Clavin, 415-365-0478
leslie.clavin@incisorpr.com
Copyright Business Wire 2008
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