Sybase announces adoption of CEP technology

href="http://www.dqweek.com/Sybase-appoints-Inflow-as-new-ND">Sybase,
a SAP company, announced
significant adoption momentum of Sybase CEP, a complex event
processing (CEP) technology for performing analytics on high speed
streaming data. The Sybase CEP solution has recently been adopted by
two additional key financial institutions: ClientKnowledge, and The
Sumitomo Trust and Banking Company 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 analyze 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- Managed
Models, ClientKnowledge (a leading research, analysis and advisory
firm). He added that Sybase CEP connects to high volume and velocity
market data streams across the globe and enables their analysts to
develop and implement complex models and analytics while facilitating
their 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 profit and loss in
real time. The Sumitomo Trust and Banking Company uses Sybase CEP in
its foreign branches as the basis for its alerting and FX monitoring
models, which it has developed to retrieve and analyze data in
real-time and in a more flexible form.

“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 Raj Nathan, Executive VP and Chief Marketing officer
at Sybase. He added that Sybase is committed to continuing to provide
their customers with powerful solutions that combine risk management,
compliance and trading solutions specifically tailored to fit their
needs.