28 November 2015

Elizabeth Lumley

Elizabeth Lumley - Startupbootcamp FinTech

161Posts 606,665Views 169Comments

Data Management 101

A community blog about data and how to manage it
A post relating to this item from Finextra:

Sybase confirms Aleri acquisition

04 February 2010  |  12623 views  |  2
Sybase has confirmed the acquisition of complex event processing vendor Aleri, as first previewed by Finextra earlier this week. Terms of the transaction have not been disclosed.

Object reference not set to an instance of an object.

05 February 2010  |  4832 views  |  0

While consolidation in the trendy CEP market is very big news - it is worth taking a step back and looking at the true market penetration for complex event processing the financial services.

CEP collects related and unrelated real-time and historical data and events, business logic is then applied to those events to detect patterns and conduct analysis. It can be used in algorithmic trading to monitor trades and calculate risk on a real-time basis supposedly allowing for real-time hedging.

CEP is nowhere near an off-the-shelf application. The benefits of CEP rely on being tied into a firm's internal business model - allowing for business rules and logic to used in algorithmic trading and surveillance. That process takes an awful lot of investment, architecture design and coding.

With the purchase of Aleri, Sybase itself is dealing four sets of CEP codes - Coral8, Aleri, and the work-in-process Ohio, not to mention Sybase's own CEP initative. (In addition to that there is still debate going on between software engineers on whether Streaming SQL is the best way to develop CEP engines).

All this code, debate and investment does put Streambase's profiteering amnesty programme in a different light. It's not exactly like taking your old clunker in for a trade-in. (or even a Toyota with dodgy brakes)

There is obviously a market for CEP in financial services, especially for finding dealing pairs, risk monitoring and fraud detection.

However, as with any new and trendy technology there is a tendency for its hype to overpower the realities of developing, installing and maintaining a very complex and expensive IT environment.


Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Elizabeth

You can believe in unicorns, I’d rather plant seeds

09 November 2015  |  1746 views  |  2  |  Recommends 1 TagsInnovationStart ups

My cause for 2015 - Bank accounts for all!

08 October 2015  |  1340 views  |  2  |  Recommends 1 TagsRetail bankingStart ups

This journey ends with a brief goodbye...but not for long

25 June 2015  |  3094 views  |  17  |  Recommends 0 TagsInnovationStart ups

My trip to payments geek paradise...

11 June 2015  |  1889 views  |  0  |  Recommends 0 TagsPaymentsInnovation

Go forth young'uns and get me some 'innovation!'

26 May 2015  |  2047 views  |  0  |  Recommends 1 TagsRetail bankingInnovationGroupDisruption in Retail Banking

Elizabeth's profile

job title Managing Director
location London
member since 2009
Summary profile See full profile »
I am the managing director of Startupbootcamp FinTech in London.

Elizabeth's expertise

Who's commenting on Elizabeth's posts

Pierre Galeon
Faisal Khan
Ketharaman Swaminathan
Jim Wells
Chris Pickles
Charmaine Oak
Nick Collin
Ian Hillier-Brook
Stanley Epstein
Steve Ellis
Tim Brew
Duena Blomstrom