Electronic Trading Pioneer, William R. Harts, Joins StreamBase Board of Directors.BOSTON -- StreamBase Systems, Inc., a leading provider of high-performance complex event processing Complex Event Processing, or CEP, is a technology for building and managing event-driven information systems. CEP is primarily an event processing concept that deals with the task of processing multiple events from an event cloud with the goal of identifying the meaningful (CEP CEP congenital erythropoietic porphyria.CEP abbr. congenital erythropoietic porphyria ) software, today announced that William R. Harts, a pioneer in financial market structure and applied technology, has joined the StreamBase Board of Directors. Harts' deep financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. expertise will be of great value to StreamBase's Board as the company continues to expand its footprint in the financial services marketplace. Mr. Harts is a management consultant known in the financial services industry as a pioneer of automated market making and algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of , as well as an authority on financial market structure and applied technology. Most recently, Mr. Harts was Managing Director and Head of Equity Strategy for Banc of America Securities. He has also held executive positions including Executive Vice President of Corporate Strategy for The NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. , Inc., Managing Director of Strategic Business Development and head of Automated Market Making for the Global Equity Division of Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. . Early in his career he was a consultant for Fischer Black's Quantitative Strategies Group at Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , one of Wall Street's first major algorithmic trading businesses. "As a founder of a successful technology company, I take a great deal of pride in working with emerging companies like StreamBase," said William R. Harts. "I have been a StreamBase customer and used the product and truly believe that complex event processing is quickly becoming a ubiquitous technology in financial services and StreamBase is a clear leader in the space. I look forward to offering my experience as a member of the Board of Directors." "William Harts is a pioneer in financial and trading technologies," said Chris Risley, chief executive officer, StreamBase. "We're fortunate to have recruited someone with deep expertise in the use of technology to solve the problems of major financial institutions. We look forward to working with William and leveraging his advice and expertise." About StreamBase StreamBase Systems, Inc, a leader in high-performance Complex Event Processing (CEP), provides software for rapidly building systems that analyze and act on real-time streaming data Data that is structured and processed in a continuous flow, such as digital audio and video. See streaming audio and streaming video. for instantaneous decision-making. StreamBase's Event Processing Platform[TM] combines a rapid application development environment, a low-latency high-throughput event server, and the broadest connectivity to real-time and historical data. Leading investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , government agencies, e-Businesses, and telecommunication network providers rely on StreamBase to power mission-critical applications that increase revenue, lower costs, and reduce risk. The company is headquartered in Lexington, Massachusetts. For more information, visit www.streambase.com. (c) 2007 StreamBase Systems, Inc. All other trademarks or trade names are properties of their respective owners. All rights reserved. |
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