Citi Taps CEP for Analyzing Equity Data

by Penny Crosman, Wall Street & Technology.

Tech-savvy Citi executives have become avid users of complex event processing software. According to Marc Adler, director and chief architect of equities at the firm, Citi finds CEP helpful for analyzing equity data, including order execution information, market data, and real-time greeks, volatility changes and news.

Although Citi has long had technologies that could process real-time data, before 2007 it lacked a way to easily correlate the data and perform complex pattern matching in real time, Adler relates. “That’s what CEP offers,” he says. “Before, you used to have to write these kinds of engines yourself. But the CEP vendors have made this a commodity.” Report.