PRESS RELEASE

CMC Markets Plc Selects StreamBase for FX

CEP Evaluation by FX Market Maker Demonstrates FX Capabilities

LEXINGTON, MA (USA) and LONDON (UK) — November 16, 2009 – StreamBase today announced that CMC Markets Plc has selected StreamBase as their Complex Event Processing (CEP) platform after a comprehensive evaluation of CEP products. CMC Markets is a major FX market maker offering tailored online trading solutions for retail investors, banks, brokers and financial intermediaries worldwide and will use StreamBase for a wide range of FX applications.

“StreamBase was selected because it met all our requirements for a high-performance CEP platform for FX,” said Asif Adatia, Chief Information Officer at CMC Markets Plc. “Our requirement for a mature CEP platform that can connect to multiple FX market data sources, handle tens of thousands of events per second and at the same time offer high availability was addressed by StreamBase.”  

“We are seeing more and more interest in FX applications for StreamBase,” said Mark Palmer, CEO of StreamBase. “FX customers have special requirements such as direct bank connections and the need to rapidly add new data feeds. CMC Markets’ selection of StreamBase is another sign that CEP is moving away from first generation applications such as algorithmic trading for equities and into more second generation application, including those for FX. Second-generation CEP platforms such as StreamBase not only offer customers a comprehensive development environment with tools for unit testing and visual debugging, but also embrace standards, offer multi-threading for scalability, and offer a wide range of connectivity options.”  

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Justin Fry
StreamBase Systems, Inc.
Tel: +1 781-761-0839
Twitter: @streambase
Email: press-enquiries@streambase.com
Twitter: @streambase
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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 for instantaneous decision-making.

StreamBase’s Event Processing Platform™ combines a rapid application development environment, an ultra low-latency high-throughput event server, and the broadest connectivity to real-time and historical data. Leading investment banks, hedge funds, and government agencies use StreamBase to power mission-critical applications that increase revenue, lower costs, and reduce risk. Applications in Capital Markets include FX Aggregation and Pricing, Smart Order Routing, Market Data Management and Algorithmic Trading.

StreamBase customers include CME Group, ConvergEx Group, RBC Capital Markets, PhaseCapital and BlueCrest Capital Management. The company is headquartered in Lexington, Massachusetts with offices in New York, Washington D.C. and London. For more information, visit www.streambase.com.

Online retail financial services market maker CMC Markets is a global leader in the provision of Contracts for Difference (CFD’s) and one of the largest Financial Spread Betting service providers in the UK. With a global footprint spanning 4 continents, CMC Markets International network of 23 strategically chosen offices supports clients from over 85 countries. CMC Market’s award-winning Market Maker® trading platform allows clients to trade  over 3,000 individual trading instruments distributed over 30 markets including Equity, Indices, Commodities and Foreign Exchange. CMC Markets is also engaged in a series of partner relationships, offering its services through local banks, brokers and intermediaries in a growing number of overseas markets. The firm handled over 20 million trades during financial year 2007-2008 with a total value of $1.4 trillion across the full CFD product range (including Foreign Exchange and Financial Spread Betting). For more information, visit www.cmcmarkets.com.