10:50 AM
Kairos Asset Management to Use CEP for High Frequency Trading
StreamBase today announced that Kairos Asset Management has selected the StreamBase Complex Event Processing platform to build its next generation trading system for equities and foreign exchange.
Kairos Asset Management is a Brazilian hedge fund that employs both quantitative and qualitative investment strategies. The company was founded in 2003 by proprietary traders from several Brazilian financial institutions. Kairos needed to replace its existing trading system with a CEP-based trading system.
"Our evaluation process started in mid-2008 when we started looking at the leading CEP companies. Our developers downloaded StreamBase and got to work developing a new algo trading system and were amazed at how easy it was to build applications. After a few months of testing StreamBase was the clear winner," said Alberto Araujo, COO at Kairos Asset Management. "The Kairos team consists of experienced equity and FX traders who demand rapid time to market for their trading strategies and quant developers who need to be able to respond to those demands in real-time. We believe that StreamBase's flexible visual development environment, multi-threaded scalable CEP servers and wide selection of equities and FX connectivity options empowers our developers to keep up with the demands of an ever changing market."