StreamBase Systems, Inc. today announced a new set of initiatives focused on providing the financial services community with extended resources to ensure best execution and compliance around Regulation for National Markets (Reg NMS) and Markets in Financial Instruments Directive (MiFID). StreamBase, the leading provider of high-performance Complex Event Processing (CEP) software, is delivering a series of web seminars, live briefings, and training workshops for empowering financial services organizations everywhere to drive full regulatory compliance and increased competitive advantage.
âFinancial firms are grappling with increased volumes, faster markets, and tighter margins while levels of regulation are increasing,â said Paul Pickup, Director at Trading Technology. âUnder MiFID, the need for consolidating data from multiple sources will explode with the opening up of competition amongst the European exchanges. Alongside this are strict requirements concerning best execution, pre- and post- trade reporting and risk management across a broad instrument range. The need for high-performance event-driven analytics, such as StreamBase's CEP software, are critical for consolidating data, leveraging real-time analytics and regulatory reporting, ensuring MIFID compliance, and managing risk.â
âWeâre currently supporting the Reg NMS and MiFID projects of many global investment banks and hedge funds throughout the U.S. and Europe,â said Barry Morris, Chairman and CEO of StreamBase Systems. âOur clients want more from us than just backing up the truck and dumping off software licenses â they view StreamBase as a strategic partner. We work collaboratively to ensure that our clients understand the requirements behind Reg NMS and MiFID and are then able to proceed with confidence. To do so, weâre investing in these initiatives to provide the tools, training, and support network they need to move beyond a requirements analysis and into a scalable, repeatable model for fueling continued success.â