Fragmentation of Markets Drives Computing Advances

Jan 3rd, 2012 | Filed under: Algorithmic and high-frequency trading, Today's Post | By:
Be Sociable, Share!

Complex Event Processing, the ability of computer systems (using Event Query Language) to analyze and correlate many events happening in real time, through pattern detection, abstraction, and hierarchical modeling, may be the next Big Thing in the space where IT meets finance. In much of the world, the increasing fragmentation of markets is playing a part in this development, requiring that systems be built to handle higher levels of complexity.

Speaking the Language

EQL can be understood by the contrast with its precursor, the common database language Structured Query Language (SQL), an ISO standard since 1987. SQL uses database attributes based on the needs of vendors (product type, company name, size of order). EQL has a very different set of elements (time, event abstraction, and causality) to serve different needs.
More…

Be Sociable, Share!

To continue reading this article please login (at the right) or click here to learn more about accessing our archives.

Author Bio:
Christopher Faille is a Jamesian pragmatist. William James has taught him, for example, that "you can say of a line that it runs east, or you can say that it runs west, and the line per se accepts both descriptions without rebelling at the inconsistency."

2 comments
Leave a comment »

  1. [...] a part in this development, requiring that systems be built to handle higher levels of complexity. read more This entry was posted in News. Bookmark the permalink. ← The Best Way To Reduce The Risk [...]

  2. [...] it has not happened in the same way in every market. For instance, in Hong Kong, the arrival of alternative trading systems such as CEP has been ‘controlled’, although there are still many firms using it. The fact that [...]

Leave Comment

Tags: , ,