Roger Aitken
Roger Aitken

Second Generation CEP: laying the foundation stones for enhanced FX Trading architectures

With Complex Event Processing (CEP) having spread out across the asset classes - initially within equities – there has now been a remarkably fast uptake within the FX space for CEP technology among both buy and sell-side firms. Roger Aitken quizzes leading CEP vendors and experts on the ‘second generation’ landscape and where the future lies.

First Published: e-Forex Magazine 40 / Forex Technology / July, 2010

Complex Event Processing (CEP) technology is increasingly becoming the foundation for high-speed trading and a wide variety of low latency, transactionable infrastructures within the foreign exchange (FX) space and other asset classes. While the frenzy around CEP - essentially a sophisticated software tool - that took hold in early 2008 may well have mellowed somewhat during the financial crisis and certain prominent bank collapses, this very fact has propelled risk management and real-time monitoring to the top of financial firms’ agendas. The upshot is that prospects for CEP deployment across the capital markets - including the FX market - would appear pretty robust.Spending growth Research from analysis firm IDC recently forecast that spending on CEP Middleware would rise by over 50% annually over the five years from 2008-2009. And, Boston-based Aite Group, another firm which analyses CEP in the context of the FX market, has put spending globally on CEP software across the capital markets at US$303m...continued

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