Sybase and CEP Vendors Partner to Deliver Faster, Better Trades

Sybase, Inc. (NYSE: SY), the largest enterprise software and services company exclusively focused on managing and mobilizing information, today announced that three of the top complex event processing (CEP) vendors have completed integration certification with RAP – The Trading Edition™, Sybase’s recently launched next-generation market data analytics platform. Sybase and its CEP partners Aleri, Coral8, and StreamBase can now deliver both ultra low latency and support for massive historical market data in one optimized and integrated market data analytics platform.

In today’s rapidly moving financial services industry, capital market firms face competitive pressure to build complex quantitative trading strategies that will detect past and present patterns of events in the financial markets, and then predict how they will impact high-level business goals, policies and processes. CEP software is used to create and deploy applications that process large volumes of incoming messages or events, analyze those real-time messages or events in various ways, and respond to conditions of interest in microsecond timeframes.

According to TABB Group Senior Analyst Miranda Mizen in a newly released report, Real-Time Risk: Managing Execution Risk in an Increasingly Electronic World, "Many firms are beginning to leverage Complex Event Processors (CEPs) to handle the incoming data... CEPs play a crucial role as the information enablers. They take in data from multiple sources and aggregate, normalize and consolidate data with minimum latency."

“In the real-time, highly competitive environment of capital markets, traditional custom-coded infrastructures are no longer able to keep pace with the speed and volume of data,” said Neil McGovern, director of product marketing, Sybase. “In addition, as markets evolve and situations change, they do not provide the flexibility needed to stay competitive. RAP – The Trading Edition combined with CEP technology delivers the real-time data analysis without latency that today’s market demands.”

RAP – The Trading Edition is a powerful, flexible market analytics platform for capital markets that enables better trading and portfolio decisions with less risk through timelier, more comprehensive market insight. When combined with leading CEP technologies, the solution provides customers with both ultra-low latency and access to large quantities of historical data in a single platform. This platform benefits many constituents within a financial services organization. For example, risk managers will benefit from real-time and intra-day risk management capabilities while quantitative analysts can develop and test using RAP – The Trading Edition as the data source and simulate data flow for testing with RAP and CEP engines.

Sybase® RAP – The Trading Edition and CEP partner products will allow:

• Support for real-time capture and storage of market data enabling:

- Model development and execution in minutes vs. hours

- Intra-day back-testing of algorithms against years of market data

- Execution of advanced algorithms

• Support for post-execution information flow to:

- Evaluate efficacy of trading strategies

- Monitor P&L and risk at trade book and portfolio level

• Support for pre-trade analytics including:

- Pricing and order generation

- Order book aggregation

- Liquidity monitoring