CME Group Selects StreamBase for CEP

CME Group has selected StreamBase Complex Event Processing solution for enterprise-wide deployment.

Initially the StreamBase CEP platform will be deployed for CME Group’s options pricing applications, but it will be expanded in the future.

In a statement, Steve Goldman, Director of Enterprise Architecture at CME Group, said, “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. Their high-performance multi-threaded server and easy to use modeling tools met our requirements and will enable the exchange to quickly react to the ever changing needs of our customers.”

Added Mark Palmer, CEO of StreamBase, “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. With selections like the CME Group we believe we’re seeing signs of CEP moving into mainstream IT infrastructure.”