CEP in The Financial Services Industry
The financial services industry was an early adopter of CEP technology, using complex event processing to structure and contextualize available data so that it could inform trading behavior, specifically algorithmic trading, by identifying opportunities or threats that indicate traders (or automatic trading systems) should buy or sell. Algorithmic trading is a growing trend in competitive financial markets. CEP is expected to continue to help financial institutions improve their algorithms and be more efficient.
Recent improvements in CEP technologies have made it more affordable, helping smaller firms to create trading algorithms of their own and compete with larger firms. CEP has evolved from an emerging technology to an essential platform of many capital markets. The technology's most consistent growth has been in banking, serving fraud detection, online banking, and multichannel marketing initiatives.
Today, a wide variety of financial applications use CEP, including profit, loss, and risk management systems, order and liquidity analysis, quantitative trading and signal generation systems, and others.
Read more about this topic: Complex Event Processing
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