PRESS RELEASE

StreamBase Releases 2009 Market Data Management Trends Report 
 

Report finds that 43.1% would consider switching their market data provider in 2009

BOSTON, MA (USA) and LONDON (UK) — March 3, 2009 — StreamBase today released a report on market data management trends for 2009.  The report, written by independent analyst Bob Giffords draws on a recent survey of over 260 buy-side and sell-side firms around the globe.

"The survey clearly shows that despite the turbulence people are still investing in data with more firms increasing their investment in market data management than cutting back," said independent analyst Bob Giffords, the reports’ author. "They are seriously looking at new data sources including support for emerging markets and cross-asset trading as well as new technologies like CEP, hardware accelerators and other low-latency solutions." Key findings of the 2009 Market Data Management Trends report include:

• 51.8% cite overall cost reduction as their primary market data objective in 2009
• 43.1% are considering switching data providers in 2009; of those, 65.8% cited budget as the motive
• 50.3% of those considering a switch are looking to improve market data quality
• 32.9% of those considering a switch want wider market coverage through additional data sources and 29.7% want richer data options
• 43.1% of sell-side firms and 35.9% of buy-side firms plan to increase spending on low-latency data and supporting technology in 2009
• 46.5% of sell-side firms and 33.6% of buy-side firms are looking for cross-asset data vendors

“For years market data management has been the backwater of trading systems; now, it’s rising to the same level of importance as the actual trading models,” said Mark Palmer, Chief Executive Officer of StreamBase Systems. Palmer continued, “It’s no great surprise that reducing cost, increasing the quality, and maintaining flexibility and coverage of market data are all key drivers in 2009. Having an underlying trading architecture that allows traders to quickly and cost effectively add, change or remove data sources while improving data quality is key to successful trading in 2009.”

To read the full survey report please click on the link below:
www.streambase.com/558d7e04-0bc7-46be-ae33-9dcdee6e79fb/download.htm

The preliminary survey results were discussed by a panel of experts from companies including BNY ConvergEx, BNP Paribas, Adam Honoré of the AITE Group and Dr. Rob Almgren of Quantitative Brokers.  Dr. Almgren commented, "Market data is now as important as the quantitative models. The best trading system in the world can't generate good results if the incoming data is delayed or incomplete, or if you can't apply your analytic models fast enough to keep up in real-time." 

To see the roundtable discussion of the survey findings, please click on the link below:
www.streambase.com/fae5ac2d-7cd4-4d61-aa9a-4879af612029/download.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. The company is headquartered in Lexington, Massachusetts. For more information, visit www.streambase.com.

For more information please contact:

StreamBase Media
Justin Fry         
+1 781 761-0839    
justin.fry@streambase.com