StreamBase Adds Brazil Adapters
Complex event processing software vendor StreamBase Systems has developed an adapter for capturing equities market data from Brazilian exchange group BM&F Bovespa and is working on an adapter for data from the exchange's futures market, to ensure low-latency connectivity for algorithmic trading firms.
StreamBase has a handful of local clients in Brazil using its technology to perform data analysis and build trading platforms to power algorithmic and high-frequency trading strategies. Previously, these firms would have captured market data from the exchange into their systems using the FIX Protocol, whereas the new adapter will be more tightly integrated with StreamBase's core technology and will reduce the latency of data transfer from the exchange's feed to firms' trading systems.
Justin Fry, vice president of marketing at StreamBase, says the vendor only recently released the equities data adapter, after it was certified by BM&F - which he says will make it easier to sell its software in Brazil, while lowering latency for firms who trade both on US exchanges and BM&F - but has been building and testing it with the exchange over the past year.
Key to the certification process was a partnership with São Paolo-based capital markets software developer and consultancy Alphastream, which is providing local business development and implementation support for StreamBase.
"Alphastream was instrumental in coordinating with the exchange... and liaising with our engineers," Fry says. "The exchange only has limited time to certify vendors like us, so it's important to have a local partner who understands its needs."
The companies - which announced their partnership last week - have been working together since early this year to expand StreamBase's local business, since the vendor has no plans to set up its own office in São Paolo, while also providing support for non-Brazilian firms seeking to begin trading on the exchange.
The vendor is now building an adapter for BM&F's futures market, though officials decline to specify when it will be available.
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
‘We started late’: Oracle makes case for its market data cloud offering
Executives from Oracle, LSEG, and CJC detailed the ‘eye-opening’ performance and latency of the Oracle Cloud Infrastructure.
From frozen assets to fire sales: The datasets to prevent your investments going up in smoke
The IMD Wrap: As severe weather conditions become more commonplace, Max wonders which datasets will prove most useful for those navigating a changing world.
Opra considers ‘dynamic load balancing’ for options market
The data distributor recently completed a challenging project to build a 96-line feed. This new endeavor could prove just as challenging (but perhaps necessary) for the industry that will use it.
Market data for private markets? BlackRock sees its big opportunity
The investment giant’s CEO said he envisions a far bigger private market business in 2025.
Bloomberg debuts GenAI news summaries
The AI-generated summaries will allow financial professionals to consume more data, faster, officials say.
Substantive Research reveals new metrics for market data negotiations framework
The research firm will make its industry-derived project available for public consumption next month.
As the ETF market grows, firms must tackle existing data complexities
Finding reliable reference data is becoming a bigger concern for investors as the ETF market continues to balloon. This led to Big xyt to partner with Trackinsight.
Artificial intelligence, like a CDO, needs to learn from its mistakes
The IMD Wrap: The value of good data professionals isn’t how many things they’ve got right, says Max Bowie, but how many things they got wrong and then fixed.