Guangfa (GF) Securities, one of the largest securities brokers in China, announced this week that they are building out a StreamBase CEP-based trading system, which will be the fastest in China, and includes innovative rapid pairs trading and order execution algorithms.
The GF system will be an end-to-end trading system, but what's remarkable about their system is that it's not being built with legions of programmers and consultants. GF has a small specialist team that have re-used open-source components from the StreamBase Component Exchange and extended them with their own "secret sauce" and knowledge of the Chinese micro-market structure.
GF's rapid time to market is made possible due to the real differences in how the leading products are built. Esper is a simple, "roll your own" toolkit, and lacks enterprise features and connectivity. Apama is a low-level scripting language with lots of pre-built applications for FX and surveillance, but doesn't have the robust development tools or visual programming support offered by StreamBase CEP.
StreamBase CEP is built for the professional developer and quantitative analyst. It's a comprehensive, event-based system platform, featuring a visual CEP development platform, seamless integration to event data, Java, Matlab, and over 150 environments typically found on the trading floor. This makes it possible for a small team of professional staff to build a complete system in months, not years.
StreamBase CEP is designed for speed. Speed of development - when measured, usually 40%-75% faster than other approaches. Speed of deployment - out of the box, applications that have sub-millisecond latency. Speed to work with Java - with the ability to quickly snap in existing Javacode, or extend event-based logic with Java. And finally, speed of integration, with an ecosystem of over 150 external integration points including our partners in China, Thomson Reuters.
Learning about this difference is repaid to developers, since time to market has a tangible impact on the business bottom line. We recently produced a 20 minute CEP programming tutorial by StreamBase Solutions Architect Mark Hudson that gives developers a good introduction to the power of visual programming with StreamBase Studio. Watch it and learn how you can get systems to market more quickly and with higher quality, leveraging what you have and the development practices you already use.
Do more with less and do it quickly.