StreamBase Systems, a provider of complex event processing (CEP) technology, has entered into a strategic partnership with Alphastream, a developer of technologies for financial institutions, for algorithmic trading in Brazil.

Alphastream offers the Brazilian financial industry solution of professional services and tools for building advanced electronic trading systems.

The partnership is aimed at combining StreamBase’s high-performance CEP engine with Alphastream’s expertise in electronic trading systems in Latin America.

Hamilton Araujo, managing director of Alphastream, said: “We are very excited to bring the best-of-breed CEP technology to the Brazilian market. We are very impressed by the performance and ease-of-use of StreamBase’s visual development environment, which allows us to work with our customers, both business analysts and developers, and create sophisticated strategies with an event-driven trading infrastructure.”

Richard Tibbetts, CTO of StreamBase, said: “We are pleased to partner with Alphastream and look forward to leveraging Alphastream’s broad understanding of the market and relationships with the local financial community to deliver tailored trading solutions powered by StreamBase CEP.”