The development will result in giving mutual customers access to global investment information across multiple asset classes, according to the press statement.
Customers will be able to integrate a wide range of data, including stocks, indexes, foreign exchange (FX), derivatives, and research analysis, into a consolidated view for further customization. In the press statement, Adam Honore, research director at Aige Group commented, “While market participants are considering a variety of solutions to reduce the latency issues in their trading systems, the flexibility of being able to react to the dynamic market conditions is the primary requirement. We expect to see more hedge funds and traditional asset managers invest in customizable solutions and look into new opportunities.”
Gordon Bloor, CEO of Morningstar’s Real-Time Data business, stated in the same press release, “Through this partnership we will be able to offer our mutual clients a total solution offering Complex Event Processing powered by a high quality real-time data feed.”
“We are seeing more sophisticated buy-side firms adopt StreamBase CEP to evolve and expand their investment strategies,” stated Richard Tibbetts, CTO at StreamBase. “Our goal is to increase our customers’ profitability with an extensible platform that can substantially enhance the performance of their trading infrastructures, also with the capability of rapidly changing and managing their systems.”