GEM Deploys StreamBase for CEP Trading
GEM uses StreamBase to evaluate oil futures trading opportunities by correlating, for example, heating oil prices in New York, gasoline in Europe, West Texas Intermediate crude oil, and more. Based on GEM's trading algorithms, the system evaluates hundreds of thousands of combinations in parallel a day, decides how much the opportunity is worth, and acts, in milliseconds. The automated system executes pre-defined strategies electronically, and alerts traders of high-touch opportunities for manual trading attention.
"Our StreamBase-based system helps us strike the balance between automated trading and manual trading," says Mark Vonderheide, managing partner at GEM. "We started with a vision to automate based on complex-event processing (CEP) in the fall of 2009, and StreamBase has not only met, but exceeded our expectations on what we wanted to achieve."
"Today's enterprise data is constantly in motion - the better you process that data, the better your results," says Mark Palmer, CEO of StreamBase. "Geneva Energy Markets is a great example of a firm that uses StreamBase to continuously correlate real-time conditions, and act in real time. Together with our partner, Trading Technologies, we think the oil swaps market is a prime opportunity for CEP-based innovation."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Waters Wrap: Quants, CDOs, and the blending of job titles
Anthony explains how a quant at a massive bank taking on the CDO title hints at larger industry changes.
Nasdaq to market new options strike listing tech to other exchanges
The exchange operator is experimenting with emerging technologies to determine which options strike prices belong in a crowded market, with hopes to sell the tech to its peers.
The IMD Wrap: Talk about ‘live’ data, NAFIS 2024 is here
This year’s North American Financial Information Summit takes place this week, with an expanded agenda. Max highlights some of the must-attend sessions and new topics. But first, a history lesson...
MarketAxess builds strategy around X-Pro
MarketAxess profits were down in Q1, but revenues were up and automation volume hit a record $94 billion.
Canada’s triparty repo launch aims to fill C$60bn void
Test trades on TMX/Clearstream platform represent “quantum leap” for creaking funding markets.
People Moves: NorQuant, Tradition, Duco, HKEx, SimCorp, Hazeltree, Xceptor, Broadridge, and more
A look at the past month’s people moves in the capital markets technology and data space.
Bank-led consortium takes aim at position reporting
Five banks, including Barclays, BNP Paribas, Goldman Sachs and HSBC, have joined forces to mitigate interpretation and implementation errors in position reporting disclosures.
This Week: BBH, AllianceBernstein add data solutions, Deutsche Börse-Nodal Exchange, and more
A summary of some of the latest financial technology news.
Most read
- Waters Wavelength Podcast: Bloomberg’s Tony McManus
- IMD & IRD Awards 2024: All the winners
- Most innovative market data project—Tradeweb