And announces partner strategy with leading CEP vendors
London and New York – June 18, 2007 -- - Lab49, Inc., a consulting firm that specializes in building advanced applications for global financial institutions, today announced it has extended its offerings to include Complex Event Processing (CEP).
An emerging technology, CEP is closely aligned with the consultancy’s strategy of constant innovation and company growth through partnerships with fast-growing product companies. Current technology partners include Coral8, Progress® Apama® and StreamBase Systems.
Daniel Chait, co-founder and Managing Director at Lab49, said, “Lab49 constantly evaluates new technologies, seeking those innovations which stand to impact financial services firms. With this new practice, we are both helping clients to understand what these new products have to offer, and working with them to create the next generation of real-time information systems. CEP applications also fit nicely with other advanced technologies Lab49 has expertise in, such as large-scale grid computing and advanced visualization.”
Overall CEP technology has been gaining market share and is now poised to become a central component of many business-critical applications within financial services. While such systems have previously been thought of as applicable within a narrow range of applications, today firms are using them for everything from algorithmic trading, to derivatives pricing, to real-time, cross-asset risk management.
Brad Bailey, Senior Analyst with the Aite Group, said, “As a solution, CEP will offer an increasingly compelling value proposition in a number of areas within the capital markets. The evolution of a CEP framework for viewing databases and live data will have profound implications for database companies and the ways in which people view their data. The ability to gather or query information from real-time streaming data with minimal latency will only increase the use of CEP as a ‘database’ tool.”
“The increasing liquidity of markets within both the Fixed Income and Equities worlds presents dual challenges to securities trading organizations. On the one hand, improved market efficiency means that more sophisticated approaches are required to generate trading profit, yet this same efficiency requires that these approaches be able to process huge volumes of data with very low decision latency. CEP is a valuable technology for meeting these challenges” said Luke Flemmer, co-founder and Managing Director, Lab49.
Lab49 will be present at the SIFMA Technology Management Conference & Exhibit through its CEP/ Windows Presentation Foundation (WPF) partners. For the equity algorithmic trading demo visit Coral8, Inc at booth number 1618. For the StreamBase/ WPF market simulation demo visit StreamBase Systems at booth number 1770. For the Longview Live WPF Order Management System demo please join Microsoft and Lab49 on Tuesday, June 19 from 6:00pm – 8:00pm in the East Suite.
-ENDS-
Notes to editors:
Photos are available on request.
For more information please contact:
Metia
Tinne Teugels
1 917 320 6458
Tinne@metia.com
Simona Cotta-Ramusino
44 (0)20 3100 6303
Simona.Cotta-Ramusino@metia.com
About Lab49
Lab49, founded in 2002, serves leading global investments banks, hedge funds and mortgage institutions and has completed custom software engagements in equities, fixed income, foreign exchange, portfolio management, and real-time risk information delivery systems. Lab49 is the financial services division of Corpus. Corpus, Inc. is a global information technology solutions provider. Corpus has numerous Fortune 50 clients in the Media & Entertainment, Telecommunications, and Banking & Financial Services verticals. Visit http://www.lab49.com and http://blog.lab49.com.
All product and company names herein may be trademarks of their respective owners
