List Group, an electronic trading software provider, has launched Brain3, a complex event processing and algorithmic trading engine, which provides buy and sell-side firms with a solution for the development of low latency, automated algorithms.

B3’s CEP engine enables real-time monitoring and analysis of event streams and the parallel development of customised and complex strategies.

Stefano Falciani, managing director of List UK, says: “B3 not only allows you to back test, but also measures the effectiveness of your algo’s interacting with previous day’s market data via a playback function or in real time by mirroring real time market data.”

B3 also offers real-time data collection and database storage allowing for instant analysis of data from external sources.

Its analytics package allows firms to simplify and optimise the development of custom strategies based on financial algorithms. This allows traders to quickly react to and take advantage of trading opportunities as they arise.