b-next Selects StreamBase CEP For CMC:Suite To Enable Millisecond Market Surveillance In Response To Global Regulatory Pressure - Algorithmic Trading And Market Evolution Places Increased Pressure On Surveillance - Near Real-Time Surveillance Allows Compliance Officers To Immediately Identify And Act On Suspicious Trading Patterns

b-next, a pioneering provider of multi-venue, multi-asset class capital markets surveillance and compliance solutions, has selected StreamBase Systems, the leader in Complex Event Processing (CEP) technology, to deliver near real-time surveillance capabilities for b-next’s CMC:Suite solution set. By incorporating CEP, b-next ‘s customers, such as regulators, exchanges and banks, will be able to rapidly implement near real-time market abuse surveillance solutions. This will enable relevant market participants to comply with recent ESMA guidelines and future proof themselves against additional regulation expected in the coming years.

As the volume and speed of trade transactions continue to increase, b-next recognises the importance of maintaining a surveillance system that is able to respond to market trends. With StreamBase’s CEP platform, b-next’s systems can reduce the compliance officers' response period significantly by immediately identifying suspicious trading patterns and generating alerts.

Wolfgang Fabisch, CEO, b-next says: “We strive to stay ahead of the market with our CMC:Suite and ensure that we evolve with the industry. As regulation such as the ESMA Directive continues to develop we have sourced the best partner available to enhance our offering and deliver upon our clients’ needs. StreamBase’s technology and co-operation are outstanding, and they fully understand the markets that we are in. StreamBase delivers leading CEP technology and b-next delivers powerful surveillance applications to complement that.”

"We're in the midst of a significant re-think about capital market regulation in Europe, but one thing we know is that firms will be required to take a new approach to everything - real-time." said Mark Palmer, CEO, StreamBase Systems. "Since trading is real-time, surveillance must be as close to real-time as possible. b-next is an expert in surveillance solutions and can leverage their knowledge of market abuse and compliance to help firms quickly prepare for meeting regulatory requirements as they near real-time trade monitoring."