CEP Moves Beyond Algos

People had previously been writing their own CEP engines using a do-it-yourself style, according to Rik Turner, senior analyst at Ovum and author of the report, CEP Technology in Capital Markets.

"A few years ago, Apama came along and said, 'Why don't we do a pre-written CEP engine and then you can write your rules, tweak them, and use it as a basis for your trading algorithm server?'" explains Turner.

Since then, CEP has gained a variety of new functions, most obviously in the wake of the

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