As part of an enterprise-wide deployment, Chicago-based global derivatives exchange operator CME Group has licensed StreamBase Systems' complex event processing (CEP) platform to generate settlement prices for options products. StreamBase announced the deal in June at the SIFMA Technology Management Conference. Seeking improved time to market and the increased flexibility to change pricing models, CME said the ease of use of StreamBase's development environment set it apart from the various other CEP platforms in the market. The evaluation of available CEP solutions occurred over the past four to five months and the contract was signed in the April-May time-frame, according to CME.
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