Derivatives exchange CME Group has signed for StreamBase's complex event processing (CEP) platform to help it analyse real-time streaming data.
CME Group will use the StreamBase technology as its internal standard CEP platform, initially deploying it for options pricing applications.
Explaining the decision to roll out StreamBase technology, Steve Goldman, director, enterprise architecture, CME Group, says: "CME Group is one of the most demanding technology environments in the world, processing millions of orders a day in milliseconds, and disseminating market data in a reliable and low latency manner is critical to our customers."
Mark Palmer, CEO, StreamBase, adds: "The CME Group's choice of StreamBase shows further evidence that firms are moving beyond first generation CEP platforms designed for point applications like algorithmic trading, and turning to StreamBase for enterprise-wide deployment for dozens of applications."