CEP in Capital Markets to Retail
My thanks to TIBCO’s Julien Raux for covering this weeks OMG Event Processing Community of Practice meeting covering “Capital Markets”. Coincidentally, thanks also to TIBCO’s Ben Lackey for pointing out to me the recent BBC News CEP coverage of a take-up in retail for CEP from its “investment banking history”. Of course, TIBCO CEP followers will know that CEP has for a long time been used outside the investment banking domain - indeed we have some commonly-known retail clients who exploit CEP (although the BBC reporter seemingly didn’t know that). Of course not many TIBCO retail use cases are public yet.
Interestingly we are also seeing some good success stories in “capital markets” CEP at TIBCO too. For a long time this industry has been known for exploiting TIBCO high performance messaging, and indeed for middleware this is TIBCO’s ancestral customer base. But although many of these clients are doing custom algo trading solutions, some are increasingly using commercial CEP solutions in the middle office. For example one client is using TIBCO BusinessEvents in a trade ledger application dealing with up to 37K trade updates per second and executing multiples of business rules against these. Last week at NOW Paris, Societe Generale mentioned their increasing use of CEP. Another client is monitoring swap processing. Etc.
So overall, the “shift” for other markets like retail to use CEP is old news. Probably we should invite the BBC to the next TIBCO user group meeting!
