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Santiago Stock Exchange chooses StreamBase for algorithmic trading

Santiago Stock Exchange (SSE) has selected StreamBase Systems to provide algorithmic trading tools for the Chilean market.

Massachusetts-based StreamBase said its Complex Event Processing (CEP) platform will be integrated into SSE’s electronic trading platform, Telepregon, offering local brokers advanced order execution algorithms.

According to StreamBase, Event Processing Platform combines an application development environment, an ultra low-latency high-throughput event server, and the broadest connectivity to real-time and historical data.

SSE CIO Andres Falcone said that StreamBase’s graphical development environment allows them to easily provide software as a service to local brokers and other market participants for building their own algorithms.

StreamBase customers include CME Group, Thomson Reuters, SunGard, BM&FBOVESPA, ConvergEx Group, RBC Capital Markets, CMC Markets, City Index, Linden Lab and BlueCrest Capital Management.