Nearly a quarter of capital markets firms anticipate leveraging CEP somewhere in their enterprise in 2008.

Boston, MA, May 21, 2008 – A new report from Aite Group, LLC looks at the maturing market and myriad uses for Complex Event Processing (CEP). Based on interviews with vendors, standards organizations and data providers working with CEP vendors, the report examines opportunities for CEP both inside and outside of trading. It also provides lessons learned from the implementations of multiple projects, based on research conducted through interviews with capital markets technologists who have deployed more than one application leveraging CEP technology.

With more technology organizations moving to process-oriented development methodologies focused on iterative deliverables in shorter time frames, CEP as a technology has been building a positive reputation in these frameworks. Most of those early initiatives started in trading; with those initial successes, firms have identified other areas CEP adds value. While trading and trade-related projects like smart order routing account for 48% of existing use cases, areas like risk management and market data are making double-digit headway. Nearly a quarter of capital markets firms anticipate leveraging CEP somewhere in their enterprise in 2008.

"Many of the growing pains associated with adopting SOA at the enterprise level exist for CEP today. Those lessons can be leveraged to smooth adoption and create a parallel architecture that fits within an enterprise umbrella," says Adam Honoré, senior analyst with Aite Group and author of this report. "With a data horizon that looks ever-expanding, combining CEP with services, reporting solutions and business activity/business process tools offers the promise of managing a real-time business intelligence enterprise for firms willing to establish the appropriate constraints around a very flexible technology."

This 28-page Impact Report contains 14 figures. Clients of Aite Group's Institutional Securities & Investments service can download the report by clicking on the icon to the right.

Related Aite Group Research:

• 2008 Capital Market IT Spending: Sanding the Edges in a Rough Risk Environment
• CEP Vendor Landscape: Profiles of Top Event Processing Vendors in the Capital Markets
• Confusion about Event Processing (CEP): Overview of EP in the Capital Markets

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