Newswire

Brazilian hedge fund Kairos Asset Management has implemented StreamBase Systems' complex event processing (CEP) software as the basis of its new algorithmic trading system and is already trading certain strategies for equities, foreign exchange and local futures markets. Further strategies are due to be migrated from its existing system, which uses Microsoft Excel spreadsheets linked to SunGard/GL Trade's Automate functionality.

Platform Computing, the leader in cluster, grid and cloud management software, today announced the launch of Platform Symphony 5, a new version of its service-oriented architecture (SOA) grid solution for high performance computing (HPC) environments. Representing a leap forward in performance over previous versions, Platform Symphony 5 helps financial services organizations eliminate data access bottlenecks while squeezing even more performance out of their existing infrastructure. Beating the benchmark set earlier this year with version 4.1, Platform has furthered its performance lead over the competition at a time when financial markets demand faster results from risk and pricing applications.

Dublin-based Corvil has emerged as the winner of a hotly-contested battle to provide latency monitoring technology for Morgan Stanley's market data distribution and electronic trading infrastructure. In doing so, it beat out several competitors after undergoing several months of testing in lab conditions set up by the investment bank. Morgan Stanley plans not only to use the technology to monitor latency of its in-house systems, but also for inter-party monitoring of latency with trading execution venues that is interacts with.

Exegy Incorporated, the ultra-high performance market data appliance company, announced today that Direct Edge, the nation’s third largest stock market, will be using Exegy’s Exchange Connect to give its customers the fastest possible hardware-accelerated view of every stock exchange in America.