Today's announcement by StreamBase partner b-next is part of steady shift toward real-time in the capital markets. b-next, a pioneering provider of multi-venue, multi- asset class capital markets surveillance and compliance solutions, announced their selection of StreamBase for their CMC:Suite solution set. By incorporating event processing, b-next's customers, such as regulators, exchanges and banks, will be able to rapidly implement near real-time market abuse surveillance solutions. This will enable relevant market participants to comply with recent ESMA guidelines and future proof themselves against additional regulation expected in the coming years.
Although event processing has often been associated with sub millisecond decision making and algorithmic trading, trading was indeed, just the tip of the iceberg. Pre-trade risk management followed, and now the entire infrastructure of the capital markets applying automation technologies like event processing. b-next’s systems is further evidence of that shift, as the CMC:Suite solution helps reduce compliance officers' response period by helping them immediately identify suspicious trading patterns and generating alerts. All in real-time.
"We're one flash crash away from being required to understand our risk in real-time," the head of electronic trading at a top-tier firm told me recently. His firm has deployed event processing globally to manage their trade flow, risk, and positions. After years of being deployed in the heart of electronic trading systems, recently the technology has been increasingly used to manage the same automated infrastructure its often used to power.
We welcome our newest partner b-next to the StreamBase family!
b-next is a provider of multi-venue, multi-asset class, Capital Markets Surveillance and Compliance software solutions to manage risk, meet regulatory mandates and drive trading efficiencies. The b-next Capital Markets Compliance (CMC) solution offers a single integrated compliance platform for Market Abuse, Insider Trading, Conflict of Interest, Derivatives/OTC Monitoring, Best Execution, Fraud Detection and Prevention, AML and more. With over 150 customers, b-next has a 20 year history of delivering solutions to market participants, exchanges and capital markets regulators.