Open Platform: Low-Latency Drive Leads to New Data Challenges for CEP

Neil McGovern, director of product marketing for financial services at Sybase

Taking direct feeds from exchanges into proprietary systems rather than from market data suppliers drives down market data latency. But forgoing the added value of a consolidated feed can be a bumpy road with new data management challenges.

Data can be messy for many reasons. There is no time synchronization between liquidity venues. Exchanges use different message protocols—especially in emerging markets—and instrument identifiers, which complicate cross-border trading. Exchange data can wind u

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