Stand Up, Joe the Data Manager, More Customer Endorsements for StreamBase

Max Bowie wrote an excellent article this week called "Stand Up, Joe the Data Manager"  In it, Max talks  about the rising tide of change in the market data management space on Wall Street, comparing the recent mantra of political change to the change happening for market data - change in the way firms process and think about market data.

As evidence, Max described the recent news from the Vhayu and StreamBase partnership and our recent shared customer, RBC Capital Markets.  This announcement marks the evolution of the CEP space - the punctuation mark is a comma, because there's a lot more to come.

The article is excellent and a great depiction of how vendors like Vhayu and StreamBase have partnered to provide flexible, innovative market data infrastructure.   Stephen Bain, director of electronic execution services at RBC Capital Markets, put it like this:

"Originally, the aim of the Vhayu software was to provide a TCA tool. But since then, our organization's use of that product has increased pretty substantially, and we are now using it to gather data and analytics for algorithmic trading strategies," Bain says. "What attracted us to the [StreamBase] product was the ability to constantly evolve, test and re-deploy trading strategies over time. The aim wasn't to build a fixed 'black box.' The attractiveness is the ability to change it as market conditions change."

Stephen placed his finger on a key point - the increased need and ability to design, evolve, test, and re-deploy trading strategies over time.  And Stephen describes the move away from "Black Box" approaches to evolve trading function.  Indeed, you can count my old company, Apama, in the "black box" list of products that don't let the user get inside and tweak the code, debug it, test it, and profile it for performance.  The switch is on.  

The public endorsements continue to roll in (see this release on BNY ConvergEx) as the CEP market continues to expand.  Black box is out, CEP is in!