PT  - JOURNAL ARTICLE
AU  - Don DeLoach
AU  - Jeff Wootton
TI  - Applying Event Processing to Electronic Trading
AID  - 10.3905/JOT.2009.4.3.056
DP  - 2009 Jun 30
TA  - The Journal of Trading
PG  - 56--58
VI  - 4
IP  - 3
4099  - https://pm-research.com/content/4/3/56.short
4100  - https://pm-research.com/content/4/3/56.full
AB  - As the pace and complexity of trading continues to accelerate, Complex Event Processing (CEP) technology is quickly becoming an invaluable new tool being applied to a range of applications across a trade lifecycle.CEP provides a reusable platform that implements all of the underlying data handling, in a high-performance real-time architecture,with invaluable benefits including;Rapid implementation and deployment: Provides an alternative approach to building applications and is much faster than building an application from scratch, even when implementing complex logic and rules.Performance and scalability: High-performance EP technology is designed to deliver low latency results under heavy loads. The application developer can focus on the logic rather than how to achieve performance and scalability.Flexibility: Since the processing rules are written in a high-level event processing language, the logic can be changed easily and quickly in response to changes in the market or to implement improved algorithms.This article discusses specific examples of ways that CEP is being deployed within leading financial institutions today.TOPICS: Quantitative methods, equity portfolio management, security analysis and valuation