PRESS RELEASE

City Index Selects StreamBase for Options Pricing and Monitoring

Ease-of-use and performance drive selection process

LEXINGTON, MA (USA) December 14, 2009 – StreamBase Systems, a leading provider of Complex Event Processing (CEP) technology, today announced that City Index, a London-based global leader in Contracts for Differences (CFDs), margined foreign exchange, and spread betting has selected the StreamBase Complex Event Processing as their enterprise CEP platform.

City Index offers investors real-time access to prices on markets around the world and flexible ways to trade on price movements in financial markets including equities, indices, currencies, commodities and interest rates. StreamBase will be used by City Index initially to develop pricing applications that lie at the heart of their spread betting infrastructure.

“We evaluated both CEP platforms and specific off the shelf products in looking for a solution that offered rapid time to market, high performance and ease-of-use for our pricing applications,” said Toby Young, CTO at City Index. “Our team found that StreamBase combines the best of both worlds – we can deliver just as quickly as with an off the shelf product, but with StreamBase we have full control over the functionality and the flexibility to extend its use into other areas of our production environment. Our choice was cemented by the excellent performance of the StreamBase engine. This, together with the time to market and control that StreamBase provides, is a winning formula."

“We’ve been proud for a long time that our development environment makes us the easiest to use CEP platform, but City Index illustrates that the usability of StreamBase Studio is taking it to another level – firms like City Index are beginning to compare the speed of deployment of StreamBase applications to the speed of deployment previously only ascribed to packaged applications,” said Mark Palmer, CEO of StreamBase. “This unique combination – speed to market and speed of the resulting applications – is why StreamBase continues to get the nod whenever critical CEP selections are made by customers.”

For more information please contact:
Emily Pan
StreamBase Systems, Inc.
Tel: +1 781-761-0804
Email: press-enquiries@streambase.com
Twitter: @streambase
Facebook: http://www.facebook.com/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, CMC Markets 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 City Index Group
City Index Group is one of the leading global providers of retail trading services, transacting in excess of 1.5 million trades per month for the group’s customers around the world. City Index trading platforms give access to thousands of global financial markets via  contracts for differences (CFDs), margined foreign exchange (FX) and spread betting.

The Group trades primarily under the City Index, Finspreads and FX Solutions brands and also provides a fully outsourced white label solution to numerous partners.

Founded in 1983, the City Index Group is owned by Intercapital Private Group Limited (IPGL Limited) and Francisco Partners, one of the world’s largest technology focused investment firms.  

IPGL is a substantial shareholder in the world's biggest institutional derivatives broker, ICAP plc, a member of the FTSE 100 Index.    


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