StreamBase 2.0 Targets Financials

 
 
By Lisa Vaas  |  Posted 2005-06-17 Email Print this article Print
 
 
 
 
 
 
 

The version of StreamBase's real-time stream processing engine will be focused on financial services and will be able to snatch live data streams and record them back.

StreamBase on Monday will unveil a version of its real-time stream processing engine thats focused on financial services and which will be able to snatch live data streams and record them back. That playback ability in StreamBase 2.0 will let users model market assumptions and trading strategies on archived market data at market or accelerated speeds. StreamBase 2.0, an update of software that can manage as many as 100,000 messages a second and provides a graphical interface for building applications, also comes with financial application templates and analytics, Java plug-ins for real-time applications, and interfaces to Microsoft Corp.s Excel or auto-generated Java GUI.
StreamBase Systems Inc. CEO Barry Morris said that the rationale behind stream processing is that theres a flood of data coming from sensor networks such as RFID (radio frequency identification) technology, and relational databases just dont have the capacity to deal with it.
"In the not too distant future, everything of material significance will have a real-time sensor connected to it," he said. "Thats a lot of real-time data that has to be handled by infrastructure. Relational technology wont have that kind of capacity. Hence our belief that theres a category called stream processing engines that will emerge." Financial services are at the forefront of this trend, Morris said, with energy in that sector going to build applications for equity trading, options trading, bonds pricing and other types of fast-moving, data-intensive analytics—pretty much anything that happens on the trading floor. Click here to read an interview with database legend Mike Stonebraker, creator of Ingres and Postgres and founder of Informix and, most recently, StreamBase.
As a consequence, although the capabilities in StreamBase 2.0 are generally applicable across verticals, including telecommunications, for example, theyre tuned in particular to financial services. The updates reusable and extendable application components are designed so that customers can easily embed Java or C++ analytics within real-time streaming applications. This will enable customers to leverage their libraries of existing code, using a "firewalled" or safe development area for application testing and debugging. Also, new "Super Boxes" will enable users to create reusable libraries of StreamBase application components. "People in financial services may have a secret-sauce model and want to reuse it," said Bill Hobbib, StreamBases vice president of marketing. "Not to just cut and paste it but to reference it or provide it to a bigger solution a systems integrator may be using." Next Page: A trend toward component reuse.



 
 
 
 
Lisa Vaas is News Editor/Operations for eWEEK.com and also serves as editor of the Database topic center. Since 1995, she has also been a Webcast news show anchorperson and a reporter covering the IT industry. She has focused on customer relationship management technology, IT salaries and careers, effects of the H1-B visa on the technology workforce, wireless technology, security, and, most recently, databases and the technologies that touch upon them. Her articles have appeared in eWEEK's print edition, on eWEEK.com, and in the startup IT magazine PC Connection. Prior to becoming a journalist, Vaas experienced an array of eye-opening careers, including driving a cab in Boston, photographing cranky babies in shopping malls, selling cameras, typography and computer training. She stopped a hair short of finishing an M.A. in English at the University of Massachusetts in Boston. She earned a B.S. in Communications from Emerson College. She runs two open-mic reading series in Boston and currently keeps bees in her home in Mashpee, Mass.
 
 
 
 
 
 
 

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