GEM Deploys StreamBase for CEP Trading

Mark Palmer, StreamBase

Geneva Energy Markets (GEM), a New York-based prop trading group specializing in exchange-cleared oil contracts, has deployed StreamBase for their automated trading infrastructure.

GEM uses StreamBase to evaluate oil futures trading opportunities by correlating, for example, heating oil prices in New York, gasoline in Europe, West Texas Intermediate crude oil, and more. Based on GEM's trading algorithms, the system evaluates hundreds of thousands of combinations in parallel a day, decides how much the opportunity is worth, and acts, in milliseconds. The automated system executes pre-defined strategies electronically, and alerts traders of high-touch opportunities for manual trading attention.

"Our StreamBase-based system helps us strike the balance between automated trading and manual trading," says Mark Vonderheide, managing partner at GEM. "We started with a vision to automate based on complex-event processing (CEP) in the fall of 2009, and StreamBase has not only met, but exceeded our expectations on what we wanted to achieve."

"Today's enterprise data is constantly in motion - the better you process that data, the better your results," says Mark Palmer, CEO of StreamBase. "Geneva Energy Markets is a great example of a firm that uses StreamBase to continuously correlate real-time conditions, and act in real time. Together with our partner, Trading Technologies, we think the oil swaps market is a prime opportunity for CEP-based innovation."

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