Oil Futures Trading

• Situation: Seize the Opportunity of Automation
  • Firm realized that there was lots of low hanging fruit in automating some trading strategies in 2009.

• Problem: Batch Sweep Misses Opportunities
  • Previously, the firm “swept” market data every 15 minutes, assessing opportunities. But with the rise in market data availability, they realized this must turn real-time, and identified CEP as the right platform for the job.

• Solution: New Automated Trading Apps Based on StreamBase
  • New applications assess hundreds of thousands of trading opportunities a day, automatically executes “no brainers,” and alerts trading staff of large opportunities.

• Impact: Best Trading Period Ever; Volumes Up
  • Firm had it’s “best 6-month trading period ever” with the new StreamBase automation system, and overall volumes were “also at a historical high” after introducing StreamBase-based systems.