Risk and liquidity management: Those, says HSBC's Malcolm West, are the key areas that will see major benefits this year as the financial services industry's use of complex event processing (CEP) technology continues to extend beyond its algorithmic trading roots.
"Firms want a good, clear picture of what they've got at any point in time for risk management purposes, and CEP can help with that as well as the need to address liquidity issues and satisfy low-latency requirements," says West, chief software architect of HSBC's corporate investment banking and market group.
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