Newswire

StreamBase today announced that CME Group, the world’s largest and most diverse derivatives exchange, has selected StreamBase Complex Event processing solution for enterprise-wide deployment. After a comprehensive evaluation, CME Group chose StreamBase as its internal standard Complex Event Processing (CEP) platform, and will be initially deploying it for their options pricing applications.

Equinix, Inc. (Nasdaq: EQIX), a provider of global data centre services, has announced a collaboration with Intel which will enable the community of financial firms located in its London (LD4) International Business Exchange (IBX) data centre to optimise their trading operations. From September 2009, fasterLAB, incorporating Intel’s engineering activity for low latency, will be extended into the LD4 data centre, allowing all participants of Equinix Financial eXchange, a neutral marketplace comprising a growing number of financial market participants, to fine tune their operational infrastructure to ensure best possible execution times when they engage colocation operations. This collaboration means that, for the first time, the expertise brought by fasterLAB will be available outside Intel’s own test facilities and in a live production environment.

Messaging systems specialist Tervela has introduced the TMX-500 Message Switch, providing superior performance over its existing product, in a smaller package. The company says it already has some 20 orders for the new switch from existing and new customers - including hedge funds and investment banks - and expects to deliver them in the third quarter.

Rapid Addition (“RA”) has today announced results of a sustained soak test of its flagship FIX engine over a continuous three-day period. The FIX engine processed more than 3 billion financial messages (inbound and outbound) with an average parse and transmission latency of less than 10 µs with a standard deviation of 3.9 µs.