New complex event processing applications promise to help firms get a better handle on their risk exposure, but can CEP erase Wall Street’s risk management woes.
by Penny Crosman, Wallstreet & Technology.com
One of the many effects of the credit crisis is that Wall Street firms have found a new focus for their complex event processing projects. [...]

by Karl Flinders, ComputerWeekly.com
Specialist supplier Progress Apama has launched a real time complex event monitoring software,which it claims could prevent stock markets crashing and rogue traders committing fraud. The firm’s Risk Firewall is designed to monitor complex events in real time and block them if necessary to reduce the effects of mistakes or fraud.
The volatility [...]

StreamBase CEP Platform Provides Intelligent Monitoring, Analysis, Risk, and Routing in Real-Time
LEXINGTON, MA — StreamBase Systems, Inc., a leading provider of complex event processing software (CEP), today announced that BNY ConvergEx Group, LLC, a leading provider of global agency brokerage and investment technology solutions, has deployed the StreamBase CEP platform for their U.S. based electronic [...]

by Roger Smith, InformationWeek
Amid the economic turmoil that’s gripped Wall Street the past few months, Adam Honoré, a senior analyst at Aite Group who specializes in brokerage and financial services technology, declares that “human factors such as poor risk management, not computerized trading,” are primarily responsible for the market’s current volatility.
Wall Street firms have used [...]

by David Worthington, SDTimes
Red Hat has laid the groundwork for the addition of complex events processing to its open-source platform for Service Oriented Architecture with a new edition of the JBoss Enterprise SOA Platform and a complementary governance product.
On October 8, 2008, Red Hat delivered JBoss Enterprise SOA Platform 4.3 and JBoss Operations Network [...]

Aleri Announces Results of Second Commissioned STAC Performance Report
CHICAGO, September 22, 2008 – Aleri Inc., a leading provider of enterprise-class complex event processing (CEP) technology, announced today that a second round of independent test results on the Aleri Streaming Platform have been completed and released by the Securities Technology Analysis Center (STAC®). The test provides [...]

by David Luckham
The Event Processing Technical Society (EPTS) is being formed as an official society with an official status. The fourth Event Processing Workshop was held under EPTS sponsorship in Stamford CT. September 17-19 2008, following, and co-located with, the Gartner Event Processing Conference. Here is an excerpt from the workshop introduction:
“The attendance was high [...]

Aleri’s Liquidity Operational Risk Analysis Module helps banks manage liquidity in the current difficult market environment
In response to the crisis that is unfolding in the global financial markets, Aleri Inc.  today announced the development of a new module for its award winning Liquidity Management System.  The module, called the Liquidity Operational Risk Analysis Module (LORAM), [...]