TIBCO® Streaming adapters save you time by sourcing and normalising data automatically. But how do these work and what are the benefits of using these Event Stream Processing tools?
The Reality of Gathering Financial Data
Gathering financial data is key to running a successful financial business, but it’s also a time-consuming and expensive task. This is because companies often require multiple types of software to connect with different sources, such as the numerous banks they work with, as well as exchanges, financial markets, social media platforms, and the news.
This software obviously doesn’t come cheap, but that’s just the top of the iceberg.
Even once collected, this data then needs to be normalised and processed to fit into your system. To give you an example of this, just think about how differently information is exchanged between you and every broker and bank you work with, which includes information about accounts, orders, and so on.
Thankfully, there is software that can drastically reduce the time spent on such tasks, and it’s a lot more accessible than you may think.
The Power of TIBCO® Streaming Adapters
A streaming adapter is basically a piece of software that automatically convert data to and from the TIBCO® StreamBase protocol to easily exchange data with a multitude of providers, just by working with one powerful technology.
TIBCO®, as one of the world’s leading business intelligence software companies, has created hundreds of such streaming adapters, and each of them has unique capabilities that can help financial companies.
In practice, these streaming adapters can be split into three:
- Ones that convert data in real-time, which can be used with financial markets, news streams, social media platforms like Twitter, push notification systems, and Internet-of-Things devices.
- Ones that convert data from static external sources, such as databases, emails, or files.
- Ones that convert data from already-processed StreamBase tuples, giving them the ability to change data into the format used by an external resource.
TIBCO® Streaming Adapters are so powerful that they are used by many of the world’s top banks and financial institutions, which is why we’ve integrated them into our own software.
Wakett’s Software with TIBCO® Streaming Adapters
We have four flagship pieces of software that can be used separately or in tandem to automate huge parts of the trading process, starting from data collection, moving on to trade automation, and finishing with reporting.
TIBCO® Streaming Adapters are used in our CYBMIND software, which can process large amounts of data from multiple sources simultaneously, check it with your specified rules, and then send actions based on your investment strategy and goals.
Through these adapters, which are embedded into our software, you can save time and resources on collecting and sending data.
Gain Time and Opportunities with TIBCO® Streaming Adapters
With this in mind, the benefits are clear. In fact, our software has helped many financial companies, especially SMEs, gain time, save on expenses, build resilient connectivity, and achieve faster and more accurate financial portfolio management.
So, if you too would like to have the same for your company, then we urge you to get in touch with us. There are no obligations, but the benefits could be huge!