StreamBase Furthers Leadership behind Reg NMS & MiFID with Customer-Centric Initiatives for Fueling Best Execution and Compliance.StreamBase Web Seminars, Briefings, And Training Deliver Best Practices And Strategies Around Analyzing High-Volume Market Data For Real-Time Decision Making BOSTON -- StreamBase Systems, Inc. today announced a new set of initiatives focused on providing the 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. community with extended resources to ensure best execution and compliance around Regulation for National Markets (Reg NMS See NetWare Management System. ) and Markets in Financial Instruments Directive The Markets in Financial Instruments Directive (MiFID) will introduce a single market and regulatory regime for investment services across the 30 member states of the European Economic Area (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). (MiFID). StreamBase, the 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, is delivering a series of web seminars, live briefings, and training workshops for empowering financial services organizations everywhere to drive full regulatory compliance and increased competitive advantage. "Financial firms are grappling with increased volumes, faster markets, and tighter margins while levels of regulation are increasing," said Paul Pickup, Director at Trading Technology. "Under MiFID, the need for consolidating data from multiple sources will explode with the opening up of competition amongst the European exchanges. Alongside this are strict requirements concerning best execution, pre- and post- trade reporting Trade reporting Dealer: In a trade between two registered Market Participants (MP), only the sell side reports the trade. Auction: In a trade between two member firms, only the sell side reports the trade. and risk management across a broad instrument range. The need for high-performance event-driven analytics, such as StreamBase's CEP software, are critical for consolidating data, leveraging real-time analytics and regulatory reporting, ensuring MIFID compliance, and managing risk." Over the next two months, StreamBase will host the following Reg NMS and MiFID events and workshops: > Reg NMS Web Seminar -- On Thursday, February 15th, StreamBase is hosting a Web-based event, Beyond Compliance: Driving Competitive Advantage with Reg NMS. The event will feature a panel of experts including those from Aite Group, Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , the Chicago Stock Exchange Chicago Stock Exchange (CHX) A major exchange trading only stocks, with 90% of trades taking place on an automated execution system, called MAX. , and StreamBase. The panel will discuss how firms with enhanced and upgraded infrastructures can not only master the intricacies of Reg NMS's best execution compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). , but also capitalize on the opportunities presented by the changing regulatory landscape. To learn more about the event, visit: https://www.streambase.com/register/regNMS2007Feb/register.php > London MiFID Briefing -- On Wednesday, February 28th, StreamBase is hosting a live breakfast seminar in London (U.K.), Taming the Lion: Implementation Roadmap for Driving MiFID Success. Attendees will hear industry experts discuss the 5 Steps for Driving MiFID Success and how to infuse in·fuse v. 1. To steep or soak without boiling in order to extract soluble elements or active principles. 2. To introduce a solution into the body through a vein for therapeutic purposes. competitive advantage and optimal transparency into their best execution strategies. To learn more about this live London-based event, visit: https://www.streambase.com/register/MiFIDLondon2007Feb/register.php > Technology "Prototype-to-Production" Workshops -- StreamBase is sponsoring a series of technology workshops to address the need for prototyping streaming data applications that can process and query real-time information, such as those that drive electronic trading and best execution. During these sessions, customers and partners will be able to conceptualize con·cep·tu·al·ize v. con·cep·tu·al·ized, con·cep·tu·al·iz·ing, con·cep·tu·al·iz·es v.tr. To form a concept or concepts of, and especially to interpret in a conceptual way: , build, and prototype streaming data applications that can support both Reg NMS and MiFID compliance and best execution. Upcoming workshops are scheduled for February 27th through March 1st in the Washington, D.C. area, and then from March 13th through the 15th in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . To learn more about these technology workshops, please contact info@streambase.com. "We're currently supporting the Reg NMS and MiFID projects of many global investment banks and hedge funds throughout the U.S. and Europe," said Barry Morris, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of StreamBase Systems. "Our clients want more from us than just backing up the truck and dumping off software licenses -- they view StreamBase as a strategic partner. We work collaboratively to ensure that our clients understand the requirements behind Reg NMS and MiFID and are then able to proceed with confidence. To do so, we're investing in these initiatives to provide the tools, training, and support network they need to move beyond a requirements analysis and into a scalable, repeatable model for fueling continued success." To learn more about StreamBase applications in Reg NMS and MiFID, visit http://www.streambase.com/reg_nms. About StreamBase StreamBase's award-winning Stream Processing Engine, fueled by the standards-based next generation query language, StreamSQL[TM] and an Eclipse-based development environment, offers the fastest Complex Event Processing software for processing of real-time and historical data. With StreamBase and StreamSQL, enterprises can query, process, and analyze real-time and stored data at rates of up to hundreds of thousands messages/second. StreamBase's combination of real-time performance, persistence, and programmability empowers enterprises in industries like financial services, telecom and networking, e-Business, government and military to solve new classes of business challenges in a more timely, scalable, and cost effective manner than custom-coding. StreamBase is headquartered in Lexington, Massachusetts with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Washington, D.C., and London. A downloadable version of StreamBase's software is available at www.streambase.com. e 2007 StreamBase Systems, Inc. All other trademarks or trade names are properties of their respective owners. All rights reserved. |
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