Adapting To Change In The Financial Industry Using Complex Event Processing
A Case Study From A North American Proprietary Trading Firm
May 23, 2008
Why Read This Report
In financial markets, the proprietary trading environment has changed significantly over the past 20 years. As we will show in this case study from a North American proprietary trading firm, time is the enemy not only of execution but also of development responsiveness when creating and undertaking trading strategies. Development and processing versatility are important to this firm; to continue to profit, it needs to avoid being pigeonholed into specific methods of developing trading strategies. Understanding what changed and how, and what is now changing, explains why this firm introduced complex event processing (CEP), as well as how it delivered a rapid application development environment for creating trading strategies.
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