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.

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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