Complex Event Processing

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16 April 2012

Looking Beyond Algorithmic Trading


Complex event processing (CEP) is emerging as one of the hottest technologies in the trading space. The market size for CEP solutions in financial services industry is around US$115 million and expected to grow by around 30% every year for the next two years.

In the last couple of years, data volumes have increased exponentially, with increasing automation of trading processes. Trading venues and firms are upgrading their IT infrastructures to handle large data volumes, as they are pressed to expand their data processing capabilities, resulting in a growing need for sophisticated analytics for mining large volumes of data. The financial crisis of 2008 also increased demand, as CEP is being used for continuous and more granular risk monitoring applications.

In a new report, Complex Event Processing, Celent analyzes the growing interest in CEP technology. The technology is increasingly being adapted for a wide variety of use cases in financial services industry. Although its earlier use cases were concentrated outside of financial services, its ability to issue high speed responses to specific patterns or triggers using real-time data is making it very attractive to capital markets players.

“Trading firms are using CEP as an enabling technology to support a variety of operations around trade execution, and in spite of the advantages that come with real time capabilities of CEP and its high sophistication, they are reluctant to hand over trade execution itself to automated systems,” says Muralidhar Dasar, Celent Analyst and author of the report. “CEP vendors need to look beyond algorithmic trading; there are a large number of use cases of CEP capable of adding significant value to organizations.”

This report discusses the market uptake of CEP solutions and its applications in capital market firms. The report also highlights the ongoing consolidation in the CEP market, the entry of large technology players, and the product positioning and features of leading CEP offerings.