MayStreet Announces Client/Partnership Agreement with Eventus Systems for On-Demand, Scalable, Cost-Efficient Access to Data Sets Enabling New Validus Cloud Platform
MayStreet – NEW YORK & TEXAS – MayStreet, a specialist in market-access and data analytics software for capital markets, announced today a joint client/partnership agreement with Eventus Systems, Inc., an Austin, Texas-based fintech/regtech firm that has developed Validus, an enterprise-grade surveillance and risk-software platform.
“Once again, this validates our business model, proof-positive why we continue our upward curve of sustained growth,” says Patrick Flannery, co-founder and CEO at MayStreet, recently returned from the FIA Expo in Chicago where MayStreet was recognized as one of 18 financial technology innovators in 2016. “Both of our organizations have a similar view of the future in delivering capital markets technology, specifically the cloud, on-demand software and the undeniable need for flexible, scalable, cost-efficient and fast-time-to-market systems. Today, it’s all about APIs.”
MayStreet provides a native C++ in-process market data solution through its flagship product, BellportTM, an in-process feed handler and ultra-low latency flexible library for trading, research, latency monitoring and compliance. Highly flexible, its extensible data model works with a wide variety of important use cases and allows for a seamless transition between live and historical data.
This past July, MayStreet bested three other emerging tech firms in FinTank at Markets Media’s 7th Annual Summer Trading Network, co-hosted by Google Cloud Platform at Google’s NYC HQ, exploring the intersection of Silicon Alley and Wall Street. Looking beyond the buzz and hype, the event drilled down to what’s important: how is fintech driving efficiency and innovation in financial services?
In 2015, Eventus released its flagship product, Validus, a software platform providing an independent, unbiased centralized dashboard of all trading activity across a firm. Validus incorporates industry-leading surveillance, financial risk, trading analytics, operational controls, position monitoring and reconciliation.
“This is win-win agreement for Eventus,” says Eventus CEO Travis Schwab. “With the launch of Validus Cloud, our customers gain a rapidly growing source of very high quality data across different markets and asset classes at a lower price. Our partnership with MayStreet allows us to offer Validus Cloud at a very aggressive price point for any buy-side or sell-side firm. Every firm needs some basic level of surveillance and with our partnership with MayStreet on Validus Cloud, every firm can afford it.”
MayStreet is a specialist in market-access and data analytics software for latency-sensitive capital market firms needing high-precision, affordable, fast-time-to-market solutions. Solutions include: Bellport™, the ultra-low latency flexible library for trading, research, latency monitoring and compliance; Dataport™, a data-management suite that works in tandem with multiple hardware-capture technologies; Backport™, a high-precision record of the US equity, options and futures markets; Tickerport™, a services-based TCP/UDP ticker plant for managed market-data; and Market Microstructure Analytics (MMA), next generation transaction cost analysis (TCA). For more information, go to www.maystreet.com. MayS
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