StreamBase Systems, which develops complex event processing technology, announced that it formed a partnership with Alphastream to build electronic trading systems targeted for the Brazilian market.
Alphastream said the simplicity of StreamBase’s CEP technology led the Brazil-based firm to form the partnership. “We are very impressed by the performance and ease of use of StreamBase’s visual development environment, which allows us to work with our customers, both business analysts and developers, and create sophisticated strategies with an event-driven trading infrastructure,” Hamilton Araujo, AlphaStream’s managing director said in a statement.
Financial services software analyst Martin Koopman added that the partnership was formed to capitalize on Latin America’s fastest-growing market. “The growth of the Brazilian market has gained substantial attention from foreign investors,” Koopman said in a statement.
“At the same time, there is an increased demand from the local trading community, including hedge funds, asset managers, investment banks and broker/dealers for upgrading their technology platforms to keep up with global competition.”
As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio