StreamBase Systems, a provider of complex event processing technology, has released a new version of its StreamBase Studio Reuters Edition application development platform. The upgraded platform--version 1.0 was launched in November--offers support for Reuters Data Feed Direct, a source of low-latency, full-tick feeds and the NewsScope Real-Time news service.
John Partridge, VP of business development at Lexington, Mass.-based StreamBase, said the added features makes it easier for Reuters subscribers to write an algorithm that correlates stock price with breaking news events. He expects to see many users start to build their own, news-sentiment-driven trading applications.
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