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CME Group receives Best Real-Time Market Data Initiative Award

London, 9 June 2010

StreamBase and CME Group, the world’s leading and most diverse derivatives marketplace, today announced that it has been honored with an Inside Market Data Award for “Best Real-Time Market Data Initiative.” Hosted by Inside Market Data and Inside Reference Data, the awards recognize industry excellence with market data, reference data and enterprise data management. The Best Real-Time Market Data Initiative award is given to the financial institution that has delivered value and competitive advantage for their customers through innovative ways of leveraging and enhancing real-time data.

CME Group was recognized for its implementation of StreamBase Complex Event Processing (CEP) technology to analyze real-time data and generate settlement prices for a variety of options products. The technology enhancement is integrated to correlate multiple data feeds from various markets and deliver real-time pricing information to customers across 85 countries. CME Group handled more than 2.2 billion contracts with an average value of 4.1 trillion dollars in 2009. The system is highly scalable and it is designed to maintain performance up to two times the last known peak of trading volume.

“We are delighted that our commitment to innovation on behalf of our clients has been recognized by Inside Market Data,” said Steve Goldman, Director of Enterprise Architecture at CME Group. “We continue to advance our trading environments and capabilities by integrating human intelligence with cutting-edge technologies, such as StreamBase. Through these initiatives we are able to market data in a reliable and low latency manner while providing transparent and accurate settlement pricing for our customers.”

“The pace of change continues to accelerate in the marketplace. It has always been our primary focus to provide our customers with a flexible solution that addresses various different requirements,” said Richard Tibbetts, CTO at StreamBase. “While all the events happen almost instantaneously, it is critical for a global organization like CME Group to efficiently manage multiple data sources and utilize real-time market data strategically. The implementation of StreamBase demonstrates the best practice for how traders, business analysts and IT developers can work together and react dynamically to the ever-changing market.”

Ends --

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