Technology could help prevent stock market crashes and abuse

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 of the stock market has been exacerbated by the use of algorithmic trading by investment firms. They use computer systems which automatically react to market conditions to buy and sell stock. Progress Apama is introducing a system that can monitor complex event processing and stop automatic trading if a problem occurs. It could prevent trading activities running out of control and identify rogue trading patterns early, the supplier claims. Progress Apama’s Risk Firewall sits on top of Apama’s complex event processing platform to monitor for risky trading patterns. news report