Tradionial desk traders have been hidden away with the advent of algorithmic and automated trading. However a leading data technology vendor B2N is releasing a high performance spread sheet based tool which will provide a complex event processing and contributions engine.
Vasko Tomanov, chief executive of B2N, says the tool is aimed at firms outside the very top tier of banks, with trading desks that want some CEP capabilities to support screen-based trading but don’t want the servers and development and support teams required to run a large CEP engine.
Firms can use the tool on a standalone basis, but will more likely need to use it in conjunction with a market data platform that will provide data sources and a destination for publishing prices, such as B2N’s own MarketHub platform or third-party platforms via adapters, Tomanov says. “Clients can use it as a normal contributions system, but on top of that, they can also have a simple CEP engine that they can just put on their machine and start using without needing special consultants,” he says.
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The service will be charged from as little as £5000 per computer.
Complex event processing is imperative in the changing face of financial markets, speed and latency as well is size are all integrated when platforms sync data, orders and information in split seconds.