SOA and eXtreme Transaction Processing (XTP)

by: Dave Chappell, Feb. 26, 2008 , websphere journal

Across financial services firms we have been seeing a new set of business priorities. There are the “grow the business” priorities that are primarily centered around things like improving customer intimacy and increasing competitive differentiation. There are also ongoing issues of compliance to regulation and risk mitigation while also keeping an eye towards improving cost efficiency. The thing that hasn’t changed is that IT is viewed as the enabler to overcome these challenges. Typical use cases for using SOA Grid to build next generation applications are in the areas of fraud detection, trade resolution, and risk management calculations away from the mainframe to low cost commodity hardware.

When talking about this concept with folks I often get the question, or the observation, that Complex Event Processing (CEP) is positioned to solve some of the same thorny problems of tracking business exceptions such as what is required for fraud detection. Actually XTP is tied to CEP in that they are both about consuming and correlating large amounts of event data and doing something meaningful with it.

Read Dave Chapelle’s Article @ Websphere Journal.