PRESS RELEASE
Kairos Selects StreamBase for High Frequency Trading System
Leading Brazilian Hedge Fund Selects StreamBase for Equities and FX
LEXINGTON, MA – October 19, 2009 – StreamBase today announced that Kairos Asset Management has selected the StreamBase Complex Event Processing (CEP) platform to build their next generation trading system for equities and foreign exchange.
Kairos Asset Management is one of Brazil’s leading hedge funds and employs both quantitative and qualitative investment strategies. The company was founded in 2003 by proprietary traders from several major Brazilian financial institutions. Kairos needed to replace their existing trading system with a CEP-based trading system.
“Our evaluation process started in mid-2008 when we started looking at the leading CEP companies. Our developers downloaded StreamBase and got to work developing a new algo trading system and were amazed at how easy it was to build applications. After few months of testing StreamBase was the clear winner,” said Alberto Araujo, COO at Kairos Asset Management. “The Kairos team consists of experienced Equity and FX traders who demand rapid time to market for their trading strategies and quant developers who need to be able to respond to those demands in real-time. We believe that StreamBase’s flexible visual development environment, multi-threaded scalable CEP servers and wide selection of Equities and FX connectivity options empowers our developers to keep up with the demands of an ever changing market.”
“Kairos’ selection of StreamBase validates our white-box approach of providing developers with a high-speed CEP platform, combined with connectivity and visualization options necessary to build fully customizable trading systems based on an underlying CEP architecture,” said Mark Palmer, CEO of StreamBase. “We believe that productivity is significantly enhanced when developers are provided with an agile development environment that incorporates visual workflows, unit testing and profiling tools, and a visual debugger. This is exactly what StreamBase provides and it is what allows firms like Kairos to replace inflexible trading solutions with 100% customizable CEP-based solutions."
For more information, photographs, graphics and logos, please contact:
Justin Fry
StreamBase Systems, Inc.
Tel: +1 781-761-0839
Twitter: @streambase
Email: press-enquiries@streambase.com
Web: http://www.streambase.com/press-enquiries.htm
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.
About Kairos Asset Management
Kairos
Asset Management was founded in 2003 by traders leaving the proprietary trading
desks at several major Brazilian Financial Institutions to develop their own asset
management company. The company is based
on Sao-Paulo, Brazil and has $100 MM in Gross Assets
under Management. Over the past 5 years Kairos Asset Management (KAM) focused
on developing and implementing arbitrage trades.
KAM runs its operations through a Global Fund vehicle,
designed to provide sophisticated investors with the opportunity of entering in
the worldwide securities market, under professional management. The company’s
objective is to seek capital appreciation by investing in a well diversified
portfolio of promising companies in the global stock market.
KAM is focused in achieving high efficiency with a strongly
qualified and optimized team. Having established a clearly defined market
strategy within the last years, we have been able to build the basis for
growing in the asset management industry.
KAM is now ready for
continuously developing new strategies besides arbitrage investments.
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