Smart Trade Technologies has agreed a deal to integrate EsperTech’s complex event processing (CEP) capabilities into its smartTrade liquidity management system (LMS).
The smartTrade LMS is used by buy- and sell-side firms to manage liquidity for best execution, smart routing of orders across multiple asset classes and geographies, and tighter control of order flow for risk management purposes. The system comprises four elements: LiquidityAggregator; LiquidityCrosser; LiquidityOrchestrator, a smart-order router; and LiquidityConnect, which link to multiple execution venues.
EsperTech uses an open-source Java CEP engine that detects and correlates complex situations in real time when user-defined conditions occur among large volume event streams. CEP is used by financial market participants to identify and exploit trading patterns using streams of market data.
EsperTech is not "using" an open-source CEP engine - it is "The" founder and maker of this engine, it manages the open source community around it, and it provides commercial licenses, support and add-ons around it.
ReplyDelete