Capital Markets

Coral8 Wombat

 

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In the highly dynamic capital markets sector, firms are constantly seeking an extra competitive edge to uncover new revenue opportunities, identify risk, reduce transaction costs, and track increasingly complicated instruments and business scenarios. Coral8-based complex event processing applications allow IT organizations to more effectively use high-speed data sources from both outside and inside a financial institution for: algorithmic trading and execution, real-time pricing and offers, risk and compliance management, and fraud detection.

Developers and IT teams in capital markets face a number of key issues in building new complex event processing applications, including:

  • The need to process large volumes of fast moving data and integrate diverse data sources, producing analysis of complex scenarios in realtime,
  • The rapid creation of new applications using existing staff and skills,
  • Supporting the continuous availability of complex event processing applications in mission critical environments.

Until now, capital markets IT groups have built expensive, in-house developed infrastructure software to deliver demanding realtime applications to the business. With the volume of data increasing, and backlogs of high-speed data applications requests growing, the custom-coded solutions have reached their breaking point.

The Coral8 engine provides an infrastructure software solution that meets the requirements of the most demanding financial services environments and enables developers to build more complex event processing applications faster.

Coral8 and Wombat Financial Software

Coral8 has teamed with the leading low-latency market data software provider, Wombat Financial Software, to deliver CEP solutions directly within the market data fabric.

The combined Coral8 – Wombat offering delivers the ideal solution for high–speed complex event processing of financial market data for low–latency applications:

  • Ultra low–latency – integrated CEP for market data applications that can deliver sub-millisecond processing and “end-to-end” application latency.
  • High–throughput and Scalabililty – the ability to process many hundred–thousand messages per second and linearly scale on easy to configure clusters.
  • Rapid development and deployment – the Coral8 Studio and CCL provide the fastest means to develop CEP logic. The combined solution further speeds development with integrated market data models and application templates based on Wombat software and best practices.
  • Centralized control and management –Coral8 CEP integrated in the Wombat market data fabric gives IT teams the ability to proactively develop, change and monitor the use of algorithms across the entire set of CEP–enabled applications. This “service–oriented approach” further lowers the cost of deploying low–latency market data applications.

Coral8 and Wombat deliver best-in-class CEP for market data that enables the fastest trading applications, and lowest cost implementation of regulatory solutions such as MiFID and RegNMS.

Coral8 and Lab49

Founded in 2002, Lab49 serves leading global investments banks, hedge funds and mortgage institutions and has completed custom software engagements in equities, fixed income, foreign exchange, portfolio management, and real-time risk information delivery systems.

Lab49 and Coral8 have partnered to offer an algorithmic trading application framework based on the Microsoft software platform. This framework includes highly visual user interface components based on the Microsoft Windows Presentation Foundation (WPF).

 

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lab demo

 

Please visit the Lab49 website, to view a demo of this framework, or to download the working demonstration that runs with the algorithmic trading sample application that ships with the Coral8 engine.