BNY ConvergEx Taps StreamBase CEP

The firm deployed StreamBase's CEP engine around a month ago after a beta testing phase during the previous quarter. The system was originally intented to be able to analyze and respond to failed and rejected trades in real time, but the firm has since expanded its use to cover order routing and market data messages, officials say.

"Initially we put all the trade messages into the CEP engine, and wrote rules in the engine to detect when problems occur... so we can contact the customer to info

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