StreamBase Adds Brazil Adapters
Complex event processing software vendor StreamBase Systems has developed an adapter for capturing equities market data from Brazilian exchange group BM&F Bovespa and is working on an adapter for data from the exchange's futures market, to ensure low-latency connectivity for algorithmic trading firms.
StreamBase has a handful of local clients in Brazil using its technology to perform data analysis and build trading platforms to power algorithmic and high-frequency trading strategies. Previously, these firms would have captured market data from the exchange into their systems using the FIX Protocol, whereas the new adapter will be more tightly integrated with StreamBase's core technology and will reduce the latency of data transfer from the exchange's feed to firms' trading systems.
Justin Fry, vice president of marketing at StreamBase, says the vendor only recently released the equities data adapter, after it was certified by BM&F - which he says will make it easier to sell its software in Brazil, while lowering latency for firms who trade both on US exchanges and BM&F - but has been building and testing it with the exchange over the past year.
Key to the certification process was a partnership with São Paolo-based capital markets software developer and consultancy Alphastream, which is providing local business development and implementation support for StreamBase.
"Alphastream was instrumental in coordinating with the exchange... and liaising with our engineers," Fry says. "The exchange only has limited time to certify vendors like us, so it's important to have a local partner who understands its needs."
The companies - which announced their partnership last week - have been working together since early this year to expand StreamBase's local business, since the vendor has no plans to set up its own office in São Paolo, while also providing support for non-Brazilian firms seeking to begin trading on the exchange.
The vendor is now building an adapter for BM&F's futures market, though officials decline to specify when it will be available.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
AI enthusiasts are running before they can walk
The IMD Wrap: As firms race to implement generative and agentic AI, having solid data foundations is crucial, but Wei-Shen wonders how many have put those foundations in.
Jump Trading spinoff Pyth enters institutional market data
The data oracle has introduced Pyth Pro as it seeks to compete with the traditional players in market data more directly.
50% of firms are using AI or ML to spot data quality issues
How does your firm stack up?
FCA files to lift UK bond tape suspension, says legal claims ‘without merit’
After losing the bid for the UK’s bond CT, Ediphy sued the UK regulator, halting the tape’s implementation. Now, the FCA is asking the UK’s High Court to end the suspension and allow it to fight Ediphy’s claims in parallel.
Waters Wavelength Ep. 339: Northern Trust Asset Management’s Jan Rohof
This week, Jan Rohof from Northern Trust Asset Management joins to discuss how asset managers and quants get more context from data.
Tokenization & Private Markets: Where mixed data finds a needed partner?
Waters Wrap: Reading the tea leaves, Anthony predicts BlackRock’s Preqin deal, Securitize’s IPO, and numerous public comments from industry leaders are just the tip of the iceberg.
Plaintiffs propose to represent all non-database Cusip licensees in last 7 years
If granted, the recent motion for class certification in the ongoing case against Cusip Global Services would allow end-user firms and third-party data vendors alike to join the lawsuit.
New horizons: What the Nordic Cap-BMLL tie-up hints at for market data’s future
The IMD Wrap: Reb looks at Nordic Capital’s announcement last week of it purchasing BMLL to read some tea leaves.