Complex Event Processing special report
September 2011 - sponsored by: Streambase, Sybase
Click here to download the PDF
Talk Is Cheap
Like it or not, high-frequency trading (HFT) is here to stay. Regardless of what the regulators might be saying about the practice in order to placate the various constituents they represent, HFT plays such a crucial role in mature financial markets-and, increasingly, in emerging markets too-that it's inconceivable that they are ever going to get to the point where they seriously contemplate clipping HFT firms' wings. Anyone who has been part of the financial services industry for any appreciable amount of time will know that talk is cheap. Sure, we might, see "speed limits" imposed in the interest of promoting a fair and competitive marketplace, but who gets to say how fast is too fast and who draws that arbitrary line in the sand is anyone's guess. But that's a discussion for another time.
Complex event processing (CEP), the practice of low-latency filtering, correlating, aggregating, and computing, based on a wide range of historical and real-time streaming data, plays a significant role in firms' abilities to make judicious trading decisions. Buy-side and sell-side firms, especially those with high-frequency businesses, are under increasing competitive pressure to execute large trade volumes with the minimum amount of latency, a scenario exacerbated by an ever-expanding financial services industry generating massive data volumes from a vast array of disparate sources.
Not only is it unfeasible to expect humans to monitor all of this data, but it's also massively time-consuming to the point of rendering any high-frequency business obsolete. But this is where CEP comes into its own, which, as we see in this special report, has permeated the lucrative foreign-exchange (FX) market from its natural starting point of equities. But the latest generation of CEP products are about more than simply processing and interpreting large quantities of data: Many such offerings now include liquidity aggregation, algorithmic trading, risk management and surveillance tools, providing users with a one-stop shop to not only access the "cleanest" liquidity, but also to work orders and manage their risk in increasingly sophisticated fashions.
Click here to download the PDF
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Trading Tools
Waters Wavelength
Waters Wavelength Podcast: Episode 226 (M&A and people)
On this episode of the Wavelength Podcast, Wei-Shen and Tony talk about the importance of communication when it comes to M&A activity within a company.
Subscribe to Weekly Wrap emails
Most read
- The curious case of Larry Fondren and DelphX
- PanAgora’s CIO & head of sustainable investing explain firm’s ESG framework, best practices
- Itiviti’s Blueprint for Success—Investing in People and Products
- Waters Wrap: Microsoft’s capital markets play (And Algorithmics thoughts)
- Confidential computing projects could answer industry’s cloud security questions