In a move designed to boost its real-time analytics offerings and allow it to offer turnkey solutions, such as for liquidity risk management, Sybase has acquired the assets of complex event processing (CEP) specialist Aleri, including all of its products. It has also retained key staff in the sales, engineering and marketing areas. The acquisition marks the continuing evolution of the CEP space, as it transforms from a one-time start-up culture to one where enterprise IT heavyweights increasingly compete.
Over the past couple of years, Complex Event Processing has emerged as a hot technology for the financial markets, and its flexibility has been leveraged in applications as diverse as market data cleansing, to algorithmic trading, to compliance monitoring, to risk management. CEP is a solution to many problems, which is one reason why the emerging marketplace is growing, with many vendor options to choose from.
A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.
StreamBase Systems is introducing a community development approach to complex event processing (CEP) with the launch of its StreamBase Component Exchange (SBX), which will allow developers to download and share reusable components in order to create complete applications. The company hopes to “spark innovation” with its initiative, which it says has been driven by customer demand. The move is another illustration of how financial markets firms are embracing collaborative and open source approaches as they seek to reduce development costs and speed time to market.
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