Before I lose the train of thought--here's the continuation of that same thoughtstream:
From these “clipped” articles, I often identify one or more event—i.e., a vendor announcement encapsulated in a press release--that seems important enough to be the subject of a Current Analysis event report—a Competitive Intelligence Report (CIR). Bear in mind that there are a great many vendor announcements that don’t change the competitive balance, hence get filtered out of my equation. You know what I’m talking about: the vast majority of the IT vendor puff PR stuff that hits the wires. I ignore press releases of this sort:
- Vendor so-and-so just landed in Gartner’s Magic Quadrant yet again, or was lauded by Forrester or AMR for being so gosh-darn innovative.
- Vendor so-and-so just notched another impressive customer win, and is delivering a sensational solution that is revolutionizing life as we know it.
- Vendor so-and-so just hired Joe or Jane Blow to be the executive VP for solution marketing.
- Vendor so-and-so had yet another profitable quarter.
- Vendor so-and-so’s solution won
- Vendor’s so-and-so’s CTO is speaking to Wall Street Analysts on the theme of “SOA: What’s it Stand For?”
- Vendor so-and-so finally ships v5.1.8.7 SP 3.4 of its SplenDaWare 2000 product, incorporating 4,132 incremental feature tweaks that only diehard users really understand or care about.
StreamBase 5.0 Delivers First End-to-End Complex Event Processing Platform
CEP Leader Reveals Industry’s Most Complete, High-Performance CEP Platform At SIFMA’s Technology Management Conference
Technology Management Conference & Exhibit
IBM’s Vice President of Information Management, Arvind Krishna commented, “We are pleased that StreamBase’s 5.0 Complex Event Processing platform offers built-in support for IBM’s DB2® data server, WebSphere® Front Office, and xSeries® hardware, and look forward to continuing our technology partnership and enabling CEP capabilities and benefits that will appeal to a broad array of enterprises everywhere. By combining the power of IBM and StreamBase, customers can have the confidence to address even the most complex, real-time business challenges, and do so in a scalable, maintainable, and proven manner.”
StreamBase 5.0 further pioneers the next-generation of CEP by introducing major new functionality and addressing dozens of customer feature requests related to developer productivity, out-of-the box application frameworks, end-to-end application development, expanded support for advanced data types, flexible pattern matching, enterprise-class security, and high-capacity tickstore support. This release also continues to build upon the industry-leading performance of previous releases — and remains the fastest CEP server available today, capable of processing hundreds of thousands of messages per second per CPU. In addition, the new StreamBase 5.0 enhancements further speed the development and delivery of CEP applications that address the rapidly growing real-time processing demands of customers and partners worldwide.
“In the four years since StreamBase pioneered this technology, Complex Event Processing has matured enormously and StreamBase 5.0 delivers the leading-edge capabilities that will make CEP the ubiquitous approach for building real-time applications,” said Dr. Michael Waclawiczek, Senior Vice President, Products at StreamBase Systems. “We have solicited feedback and input from over two dozen customers, and their requirements are incorporated into StreamBase 5.0.”
StreamBase 5.0 includes:
Eclipse-based Integrated Development Environment (IDE) — With StreamBase 5.0, StreamBase completes the transition of its Studio IDE to Eclipse resulting in the seamless development integration between StreamSQL, Java, and Eclipse plug-ins . By using one simple, intuitive graphical platform based on Eclipse, the de facto standard for Java application development, StreamBase 5.0 developers can easily extend their StreamBase CEP applications via custom operators and integrations with external systems. In addition, StreamBase application developers are now able to access and leverage the entire ecosystem of Eclipse plug-ins from within the StreamBase development environment. Such plug-ins include those for source code version control, task management, graphical UI development and integration, XML editors, and SQL design tools.
End-to-End Application Frameworks — As an extension to previously announced solution sets for Reg NMS and Markets in Financial Instruments Directive (MiFID), StreamBase 5.0’s open development platform introduces industry-specific Application Frameworks, with the first one designed for algorithmic equities trading. The StreamBase Algorithmic Trading Framework is based upon a number of proven best practices for developing the full range of real-time components comprising an algorithmic trading application. The framework helps speed the development and delivery of these applications, including trading strategies, execution strategies, real-time P&L management, and real-time transaction cost analysis. [SEE ALSO: STREAMBASE LAUNCHES CEP REFERENCE ARCHITECTURE FOR ALGORITHMIC TRADING, June 19, 2007].
“Developed by StreamBase and third-party vendors and programmers, our Application Frameworks are part of a strategic initiative to help accelerate the delivery of solutions that today’s competitive organizations need to meet key challenges around acquiring, processing, and acting on high-volume real-time data,” said Waclawiczek. “Customers and partners can now leverage these Application Frameworks to design and implement specific solution sets that address their core business pains.”
Multi-Event CEP Pattern Matching — By introducing enhanced pattern-matching syntax, StreamBase 5.0 enables users to more easily develop applications that recognize the order, presence, or absence of complex combinations of events in real-time. Patterns can be identified within single event streams or across multiple parallel streams over any given period – whether a response is desired in real-time or over an extended time interval. With these enhancements, developers can quickly build complex event recognition applications that may be used for real-time fraud and intrusion detection, network monitoring, click stream analysis, anti-money laundering, and more.
New Support for Advanced Data Types — With the growing adoption of CEP in various industries, there is an increased demand for StreamBase’s platform to process, analyze, and manage a variety of new data types including video, image, audio, XML payloads, and unstructured text. StreamBase 5.0 addresses this by introducing support for Binary Large Objects (BLOBs). BLOB support greatly enhances StreamBase’s ability to meet multimedia and document-centric application requirements in both existing industries and new markets that wish to embrace CEP.
Expanded Data Visualization Tools for Real-Time Monitoring — StreamBase 5.0 introduces integration with a number of third-party visualization tools, including Adobe® Flex™, Microsoft Windows® Presentation Foundation™ (WPF), Java™ Swing, and Eclipse Standard Widget Toolkit (SWT). StreamBase 5.0 provides bi-directional interaction with user interfaces built from these tools, enabling the creation of powerful dashboards and other visual interfaces for monitoring and controlling real-time applications.
High-Capacity Data Management & Persistence Framework — StreamBase 5.0 Chronicle™ is the second major release of the enhanced and extended persistence framework for time series data. Chronicle now provides optimized read/write integration with industry-leading, high-capacity tick stores including IBM DB2®, Sybase RAP®, and Vertica®. In addition, Chronicle also supports bulk-loaders for these high-capacity tick stores and continues to leverage the standard JDBC interface for connecting to other historical databases. [SEE ALSO: SYBASE ANNOUNCES NEW FINANCIAL SERVICES REAL-TIME ANALYTICS AND COMPLEX EVENT PROCESSING PLATFORM WITH STREAMBASE , June 19, 2007]
Enterprise-Class Security — In addition to offering enterprise-class clustering, high availability, and being SMP-enabled, StreamBase 5.0 also includes new advanced security capabilities. Adding to existing security features, StreamBase 5.0 now offers unique event-level security support, network data encryption, user authentication through secure integration with LDAP servers, and role-based authorization to control user access and activities. With this release, StreamBase offers the industry’s most comprehensive security implementation for enterprise-class CEP applications.
End-to-End Integration with External Data Sources — Using StreamBase’s Eclipse-based Adapter Toolkit, developers can connect their StreamBase CEP applications to virtually any data source. In addition, StreamBase 5.0 provides a wide range of pre-built adapters to all major market data and messaging infrastructure systems. StreamBase 5.0 adapters include TIBCO Rendezvous® and EMS®, Java Message Service (JMS), Reuters Market Data System (RMDS), Wombat, BloombergSM, IBM WebSphere® Front Office (WFO), and opentick, enabling developers to seamlessly tie data feeds directly into their StreamBase applications and provide end-to-end integration with any system.
Enhanced Administration & Run-Time Features — With improved remote administration capabilities, error management and reporting, deployment flexibility with rolling upgrades, flexible data sharing capabilities across application components, and dozens of other improvements, StreamBase 5.0 offers the industry’s most complete, robust and mature CEP platform.
"Complex Event Processing has proven itself as a crucial technology," said Sang Lee, Research Director at Aite Group. "With the release of StreamBase 5.0, the company is further demonstrating its commitment to address the rising demand for enterprise-class CEP. StreamBase is helping to drive the evolution and adoption of CEP not only by financial services institutions, but also by many other sectors that need to solve challenges around low-latency processing of high-volume data."
StreamBase is currently previewing various components of StreamBase 5.0 at the Securities Industry and Financial Markets Association (SIFMA) Technology Management Conference & Exhibit in
StreamBase 5.0 is expected to be generally available sometime before September 30th, 2007. A free trial of the StreamBase software is currently available for download at www.streambase.com/developers.
About StreamBase
StreamBase's award-winning Stream Processing Platform, fueled by the standards-based next generation query language, StreamSQL™ and an Eclipse-based development environment, offers the fastest Complex Event Processing software for processing of real-time and historical data. With StreamBase and StreamSQL, enterprises can query, process, and analyze real-time and stored data at rates of up to hundreds of thousands messages/second. StreamBase’s combination of real-time performance, persistence, and programmability empowers enterprises in industries like financial services, telecom and networking, e-Business, government and military to solve new classes of business challenges in a more timely, scalable, and cost effective manner than custom-coding. StreamBase is headquartered in
© 2007 StreamBase Systems, Inc. All other trademarks or trade names are properties of their respective owners. All rights reserved.
Contacts
StreamBase
Donna Parent, 781-761-0841
donna.parent@streambase.com
or
PerkettPR
Christine Major, 603-743-4534
streambase@perkettpr.com
StreamBase Launches CEP Reference Architecture for Algorithmic Trading
Industry-First End-to-End Framework For Algo Trading Speeds Application Design & Development
Technology Management Conference & Exhibit
“We are excited to align Microsoft Windows Presentation Foundation (WPF) with StreamBase’s CEP platform for building real-time algo trading apps based on the newly released Reference Architecture,” said Craig Saint-Amour, U.S. capital markets industry solutions director, Microsoft Corp. “With financial institutions facing low-latency, high-volume processing demands, we understand that increasing developer productivity and accelerating time-to-market are critical areas fueling competitive advantage. Microsoft and StreamBase both recognize the importance of a powerful presentation layer for algorithmic trading applications and the combination of WPF with the StreamBase CEP platform is a great fit.”
The CEP Reference Architecture for Algorithmic Trading delivers an end-to-end framework for designing an algorithmic equities trading application and also describes the interconnection between its key real-time and user interaction components. The key real-time components are Market Data Cleansing, Data Enrichment, Trading Strategies, Risk Management, Execution Strategies, and Market Impact / Implementation Shortfall processing.
Microsoft’s WPF enables rich client applications, and its powerful and flexible programming model integrates support for flexible layout, high-quality text, resolution-independent graphics, animation, video and 3D. StreamBase provides the fastest, most scalable, high-performance CEP platform in the industry – enabling the development of new real-time applications much faster than with traditional custom coding, in weeks not months. [SEE ALSO: STREAMBASE 5.0 DELIVERS FIRST END-TO-END COMPLEX EVENT PROCESSING PLATFORM, June 19, 2007].
“As the volume and velocity of financial market data continue to explode, staying ahead of the competition requires the right tools and infrastructure,” said John Partridge, Vice President, Industry Solutions at StreamBase. “This new CEP Reference Architecture will give developers a competitive edge for building real-time algo trading applications with a fully realized user interface that makes it easy to monitor and control the application’s response to the market.”
To learn more about the CEP Reference Architecture for Algorithmic Trading delivered by Microsoft and StreamBase, visit the Microsoft Developer Network (MSDN) to download a solutions whitepaper, which will be posted shortly after the Conference. [http://msdn2.microsoft.com/en-us/architecture/aa699365.aspx%5D
In addition, please visit StreamBase at booth #1770 during the Securities Industry and Financial Markets Association (SIFMA) Technology Management Conference & Exhibit, June 19-21 in
About StreamBase
StreamBase's award-winning Stream Processing Platform, fueled by the standards-based next generation query language, StreamSQL™ and an Eclipse-based development environment, offers the fastest Complex Event Processing software for processing of real-time and historical data. With StreamBase and StreamSQL, enterprises can query, process, and analyze real-time and stored data at rates of up to hundreds of thousands messages/second. StreamBase’s combination of real-time performance, persistence, and programmability empowers enterprises in industries like financial services, telecom and networking, e-Business, government and military to solve new classes of business challenges in a more timely, scalable, and cost effective manner than custom-coding. StreamBase is headquartered in
© 2007 StreamBase Systems, Inc. All other trademarks or trade names are properties of their respective owners. All rights reserved.
Contacts
StreamBase
Donna Parent, 781-761-0841
donna.parent@streambase.com
or
PerkettPR
Christine Major, 603-743-4534
streambase@perkettpr.com
Combined Platforms Enable Complex Analytics with High-Volume, Real-Time and Historical Data
DUBLIN, CA — JUNE 19, 2007 — Sybase, Inc. (NYSE: SY), a leading provider of enterprise infrastructure and mobile software, today announced that Sybase’s Real-time Analytics Platform, a highly optimized real-time data processing service platform, now integrates with StreamBase’s high-performance Complex Event Processing (CEP) platform. The joint solution will support real-time applications having large storage requirements, such as back-testing for algorithmic trading, risk analysis and historical trade auditing.
The driving market forces behind this solution include competitive pressure to build complex quantitative trading strategies, a heightened demand for combined static and dynamic data analysis, and the explosive growth of market data volumes. "Vendors are recognizing the market demand for applications that can help institutions integrate real-time data, historical data, and overlay analytics to provide both derived data and actionable output,” said Ben Butterfield, senior research associate at The Tower Group.
“We’re elated to work with Sybase,” said Dr. Michael Waclawiczek, senior vice president, products, StreamBase. “As a leader in enterprise infrastructure and mobile software, Sybase aligns perfectly with our industry-leading CEP platform. We look forward to working with Sybase to bring this joint solution to our customers and to further address today’s real-time data intensive challenges.”
Sybase® Real-time Analytics Platform is a high performance enterprise-wide solution that delivers in-memory transaction processing, massive time-series data management, deep historical data analysis and is built on Sybase’s capital market industry-proven data management and patented data analytics technologies that have been enhanced to perform in a highly scaleable manner.
“Based on our extensive experience in financial services and leading market share, Sybase recognizes the importance of high performance CEP for the industry,” said Steve Capelli, president, worldwide field operations. “The combination of StreamBase and Sybase Real-time Analytics Platform provides a powerful platform on which financial services firms can build strategic real-time applications.”
Sybase Real-time Analytics Platform can deliver virtual market data feeds at accelerated speeds to match StreamBase’s high-performance CEP platform and targets a wide range of real-time front, middle and back office applications including:
- Back-testing trading strategy algorithms using virtual feeds of historical data
- Algorithmic trading applications running queries against both real-time market data and massive historical data repositories of 100+ terabytes
- Validating predictive modeling applications by comparing predicted events to actual events
- Performing pre-trade risk and compliance analysis
Please visit the Sybase booth #3012 during the Securities Industry and Financial Markets Association (SIFMA) Technology Management Conference & Exhibit, June 19-21 in
About Sybase, Inc.
Sybase is the largest global enterprise software company exclusively focused on managing and mobilizing information from the data center to the point of action. Sybase provides open, cross-platform solutions that securely deliver information anytime, anywhere, enabling customers and partners to create an information edge. The world's most critical data in commerce, communications, finance, government and healthcare runs on Sybase. For more information, visit the Sybase Web site: http://www.sybase.com/.
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Sybase is a registered trademark 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).
Ruth Busbee
Citigate Cunningham
(415) 618-8739
rbusbee@cunningham.com
Jim
