News Release

CME Group Receives Inside Market Data Award

Wed Jun 09 2010

London (UK) — June 9, 2010 — StreamBase and CME Group, the world’s leading and most diverse derivatives marketplace, today announced that it has been honored with an Inside Market Data Award for “Best Real-Time Market Data Initiative.” Hosted by Inside Market Data and Inside Reference Data, the awards recognize industry excellence with market data, reference data and enterprise data management. The Best Real-Time Market Data Initiative award is given to the financial institution that has delivered value and competitive advantage for their customers through innovative ways of leveraging and enhancing real-time data.

CME Group was recognized for its implementation of StreamBase Complex Event Processing (CEP) technology to analyze real-time data and generate settlement prices for a variety of options products. The technology enhancement is integrated to correlate multiple data feeds from various markets and deliver real-time pricing information to customers across 85 countries. CME Group handled more than 2.2 billion contracts with an average value of 4.1 trillion dollars in 2009. The system is highly scalable and it is designed to maintain performance up to two times the last known peak of trading volume.

“We are delighted that our commitment to innovation on behalf of our clients has been recognized by Inside Market Data,” said Steve Goldman, Director of Enterprise Architecture at CME Group. “We continue to advance our trading environments and capabilities by integrating human intelligence with cutting-edge technologies, such as StreamBase. Through these initiatives we are able to market data in a reliable and low latency manner while providing transparent and accurate settlement pricing for our customers.”

“The pace of change continues to accelerate in the marketplace. It has always been our primary focus to provide our customers with a flexible solution that addresses various different requirements,” said Richard Tibbetts, CTO at StreamBase. “While all the events happen almost instantaneously, it is critical for a global organization like CME Group to efficiently manage multiple data sources and utilize real-time market data strategically. The implementation of StreamBase demonstrates the best practice for how traders, business analysts and IT developers can work together and react dynamically to the ever-changing market.”

For more information please contact: 

 

Emily Pan                          

StreamBase Systems, Inc.

Tel: +1 781-761-0804

Email: press-enquiries@streambase.com

Twitter: @streambase

Facebook: http://www.facebook.com/streambase

Media Pack: http://www.streambase.com/press-enquiries.htm

Michael Shore

CME Group

Tel: +1 312-930-2363

Email: michael.shore@cmegroup.com

Twitter: @CMEGroup

Facebook: http://www.facebook.com/CMEGroup

Media Kit: http://cmegroup.mediaroom.com/index.php?s=23

 

 

About StreamBase 
StreamBase Systems, Inc, a leader in high-performance Complex Event Processing (CEP), provides software for rapidly building systems that analyze and act on real-time streaming data for instantaneous decision-making. The World Economic Forum recently awarded StreamBase the title of 2010 Technology Pioneer. 

StreamBase’s Event Processing Platform™ combines a rapid application development environment, an ultra low-latency high-throughput event server, and the broadest connectivity to real-time and historical data. Leading investment banks, hedge funds, and government agencies use StreamBase to power mission-critical applications that increase revenue, lower costs, and reduce risk. Applications in Capital Markets include FX Aggregation and Pricing, Smart Order Routing, Market Data Management and Algorithmic Trading.

StreamBase customers include CME Group, SunGard, ConvergEx Group, RBC Capital Markets, CMC Markets, City Index and BlueCrest Capital Management. The company is headquartered in Lexington, Massachusetts with offices in New York, Washington D.C. and London. For more information, visit www.streambase.com.

About CME Group

As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex, E-mini and CME ClearPort are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of the Board of Trade of the City of Chicago. NYMEX and New York Mercantile Exchange are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. All other trademarks are the property of their respective owners. Further information about CME Group (NASDAQ: CME) and its products can be found at www.cmegroup.com.

 

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