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In this shared commentary, Aplomb Strategies writes that when considering a firm’s governance structure, a holistic approach makes the most sense.

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August 17, 2011

Sybase Upgrades CEP

By John D'Antona Jr.

California-based information vendor Sybase is offering high-frequency traders an upgrade to its complex event processing event streaming processor, ESP.

The newer version adds the ability to continuously assess risk during the trading session, which helps clients trade more quickly and at lower costs, said Jeff Wootton, product manager at Sybase. The latest iteration also provides faster data delivery and algorithms.

"Users first set up the rules that apply to the data that they want to analyze-we call it setting up continuous queries," Wootton said. "Then, as the data arrives, the system reprocesses the data in accordance with the preset parameters and publishes the updated results."

Traditional database analysis or event processing does not occur in real time as data streams in from the markets. Rather, it determines results by analyzing historical data when a user chooses. Complex event processing, on the other hand, is automatic and continuous.

Wootton said three forces-the heightened sense of risk, the limitations of existing systems and new regulatory pressures-are all forcing firms to look for new approaches to managing risk quicker and continuously.

The new version also has upgraded desktop graphics and visuals to help users more readily spot real-time trading opportunities, and to provide visual alerts as to when a user might be approaching a trading or credit limit.

 

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