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.

  • LinkedIn  
  • Save this article
  • Print this page  

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: