14 December 2017
visit www.solutions.lexisnexis.com

Sybase signs up two to CEP tech

18 October 2010  |  2645 views  |  0 Source: Sybase

Sybase, an SAP company (NYSE: SAP) and industry leader in enterprise and mobile software, today announced significant adoption momentum of Sybase CEP, a complex event processing (CEP) technology for performing analytics on high speed streaming data.

Sybase has been recognised as the proven performance leader in the data-intensive financial services industry-its technology used by the top 25 global banks and 48 of the top 50 global financial and securities institutions. The Sybase CEP solution has recently been adopted by two additional key financial institutions: ClientKnowledge and The Sumitomo Trust and Banking Company Co., Ltd., to enable real-time risk management.

The ability to manage risk in real-time is mission critical, and Sybase CEP provides intelligence on high-speed streaming market and trade data with minimum latency, enabling capital markets firms to analyse data and act on it faster than competitors.

"Being able to gain visibility from multiple trading desks around the world into data streaming from different liquidity venues and deal capture systems is extremely important to our business," said Parham Zolfaghari, product manager of Managed Models at ClientKnowledge, a leading research, analysis and advisory firm. "Sybase CEP connects to high volume and velocity market data streams across the globe and enables our analysts to develop and implement complex models and analytics while facilitating our client banks in managing risk in real time, with measurable positive impact on profitability."

In addition to identifying patterns on streaming data to help traders take immediate action, Sybase CEP also enables risk managers to aggregate trade data across multiple systems and monitor trader activity to calculate risk and P&L in real time. The Sumitomo Trust and Banking Company Co., Ltd. uses Sybase CEP in its foreign branches as the basis for its alerting and FX monitoring models, which it has developed to retrieve and analyse data in real-time and in a more flexible form.

"There was a need for existing information to be calculated and accessed easier in real-time," said Cliff Dowton, Head of IT, Sumitomo Trust, London. "Leveraging the Sybase CEP platform, we firrst implemented the alerting model which immediately notifies our Shanghai users by email if a limit is broken or a deal has been input incorrectly. This way we avoid expensive core system changes to meet the branch's unique new requirements. In addition, we implemented an FX model in London and New York which combines trading data with Reuters market data to provide the front offices with positions and P&L quickly and accurately. The next stage is to make this also available in our market risk system to enable real-time Value at Risk (VaR) calculations."

"The combination of regulations and intensified competitive pressures are key factors constraining capital markets firms, who are increasingly relying on real-time intelligence to ease regulatory pressures and enable sound decision making," said Dr. Raj Nathan, Executive Vice President and Chief Marketing Officer at Sybase. "Sybase is committed to continuing to provide our customers with powerful solutions that combine risk management, compliance and trading solutions specifically tailored to fit their needs."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.solutions.lexisnexis.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10041 views comments | 16 tweets | 25 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8743 views comments | 17 tweets | 36 linkedin
satelliteRipple completes XRP Lockup
8581 views comments | 3 tweets | 2 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7526 views comments | 20 tweets | 11 linkedin
Brits flock to digital-only banksBrits flock to digital-only banks
7150 views 11 comments | 11 tweets | 15 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job