List Group has launched Brain³ a complex event processing and algorithmic trading engine, providing buy - and sell-side firms with a tool to develop trading algorithms.

B³'s CEP engine has been built to enable real-time monitoring and analysis of event streams and the parallel development of customised and complex strategies. It is integrated with List's Flagship platform.

Stefano Falciani, managing director List UK, said: "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 analysis of data from external sources. Its analytics package should assist firms with simplifying and optimising the development of custom strategies based on financial algorithms.