Kaskad Goes Live at Boston Stock Exchange
Posted by Mark Palmer
Kaskad announced that their CESP product, Korrelera, has gone live at the Boston Stock Exchange (BSE). This is good news for the event processing industry, an important use case, and, of course, a strong public endorsement for Kaskad, who launched their company in 2005. The BSE system is a full exchange surveillance system for the BSE, and also monitors RegNMS monitoring system, which of course, is the analogous regulation in the U.S. to MiFID in Europe.
Compliance in the capital markets is an important use of CEP; we have seen a lot of deployments in as well; we announced our MiFID relationship with Microsoft last month. No detail was revealed in the Kaskad press release, but we see CEP commonly applied to best price execution ("BestEX"). BestEx is an important piece of the regulation which mandates that firms demonstrate that they provided the best price available to clients for trade execution.
Congratulations to Candyce Edelen, the president of Kaskad, who attended the CEP conference last year, and Colin Clark, their CTO, on this customer win and public endorsement.
