FX news: Streambase partners with MarketFactory
StreamBase, the complex event processing software company, has announced a partnership with MarketFactory, a technology company providing algorithmic FX trading applications. The partnership will help hedge funds, banks and proprietary trading firms speed their ‘time to first trade’ in the spot foreign exchange market.
Established in 2007 by EBS veterans with decades of expertise in electronic trading market structure, MarketFactory’s ECN gateway software provides lossless market data normalization. Through integration with StreamBase’s FX trading framework, the duo will be able to support the rapid development of program trading models and GUI front ends, as well as e-commerce, pricing and risk management engines.
“We are impressed with the range of applications customers can build quickly using StreamBase’s event flow language,” said James Sinclair, CEO of MarketFactory. “Together with StreamBase, we are able to offer a complete low-latency FX trading platform that will get customers live and trading on over five FX order driven ECNs, in a matter of weeks.”