We love making customer announcements, so today we're thrilled to announce that Geneva Energy Markets, LLC (GEM), one of the leading oil traders in the world, has deployed StreamBase for their automated trading infrastructure. Moreover, they said that the StreamBase-based system "helps monitor, analyze and act on hundreds of thousnds of trading opportunities eavery day, and has led to one of its most profitable trading periods in history."
The StreamBase-based system helps GEM continuously monitor, analyze and act on trading opportunities by continuously evaluating, for example, heating oil prices in New York, gasoline in Europe, West Texas Intermediate crude oil, and more. Based on GEM’s trading algorithms, the system evaluates hundreds of thousands of combinations in parallel a day, decides how much the opportunity is worth, and acts, in milliseconds. The automated system executes pre-defined strategies electronically, and alerts traders of “high touch” opportunities for manual trading attention.
Mark Vonderheide, Managing Partner at GEM, nicely articulates a pragmatic view on the balance of low touch (i.e., automated) and high touch (i.e., manual) trading in this quote:
"Our StreamBase-based system helps us strike the balance between automated trading and manual trading,” said Mark Vonderheide, Managing Partner, GEM."
Mark also said nice things about our firm, which means a lot to us:
“We started with a vision to automate based on CEP in the fall of 2009, and StreamBase has not only met, but exceeded our expectations on what we wanted to achieve. The development environment has helped us get our applications into market quickly, and, just as important, the company has stood by us all the way as a partner, something that you don’t see with many software companies."
Today’s enterprise data is constantly in motion – the better you process that data, the better your results. Geneva Energy Markets is a great example of a firm that uses StreamBase to continuously correlate real-time conditions, and act in real time. Together with our partner, Trading Technologies, we think the oil swaps market is a prime opportunity for CEP-based innovation.