Boston Stock Exchange Goes Live on Kaskad Technology's Korrelera(TM).BOSTON Boston, town, England Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. -- Kaskad Kaskad (Cascade) was established within the Eight Chief Directorate of the KGB (the Guards Directorate) to possibly function as a SWAT team to assist the main guards in the performance of their duties. Technology, a provider of complex event stream processing Event Stream Processing, or ESP, is a set of technologies designed to assist the construction of event-driven information systems. ESP technologies include event visualization, event databases, event-driven middleware, and event processing languages, or complex event technology, today announced the Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million. has successfully implemented Kaskad's Korrelera Surveillance System. The Boston Stock Exchange was seeking a solution that would enable it to quickly analyze large volumes of information in a stream and run real time market surveillance tool to pinpoint activity that violates security exchange rules. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Russell Lewis, Kaskad Technology's Chief Executive Officer, a smooth implementation was made possible due to the cooperative efforts between Kaskad Technology and the Boston Stock Exchange. "Our executive team knows it is critical for our clients to have a smooth transition when implementing new software, and we work extremely hard to make the process as seamless as possible. We are pleased that the Boston Stock Exchange experienced a successful implementation and will immediately begin to benefit from improved efficiencies. We are also extremely pleased to see the success of our Complex Event Stream Processing engine and the ability of Korrelera to meet the needs of a stock exchange." Korrelera correlates data from many streams of information, and finds and processes events based on complex relationships between messages on various streams to provide users with instant information or triggers for other applications. "Korrelera is clearly on track to deliver against the stated goals," says Colin Clark Colin Grant Clark (November 2, 1905 - September 4, 1989) was a British economist and statistician who worked in both the United Kingdom and Australia, and who pioneered the use of the gross national product ("GNP") as the basis for studying national economies. , Chief Technology Officer of Kaskad. "The Boston Stock Exchange's implementation marks the first of many exchanges, broker dealers, investment managers, and intermediaries ready to launch Kaskad Technology's solutions." About Kaskad Technology Kaskad Technology provides solutions to meet the new challenges of the highly competitive, regulated capital markets where needs and requirements change rapidly, volumes of data are increasing constantly, and the ability to make instant decisions based on complex data is vital. Kaskad uses complex event stream processing, a high speed messaging bus, and a service oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. architecture to provide best of breed solutions for exchanges, broker dealers, investment managers, and intermediaries. For more information, visit www.Kaskadtech.com. |
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