CEP is intelligent software that is essentially the next step in algorithmic trading – it sifts through market events looking for possible patterns and acts on them. A recent study into banks’ IT spending patterns by consultancy Aite Group, suggested that while budgets as a whole were likely to shrink by 5%, CEP investment remains on an upward trajectory. 36% of respondents to the survey intended to spend more on CEP this year than in 2008.
Adam Honore, senior analyst at Aite and author of the report, says: “We’re still bullish on the potential for CEP across financial services. Once one group successfully deploys a CEP application, word spreads and more technology groups look at CEP to help solve their issues.”
N. Abe, und R. Khardon (Hrsg.) Elsevier Science Publishers B.V., Amsterdam, (2004)Papers from the 12th Annual Conference (ALT'01) held in Washington, DC, November 25--28, 2001, Theoret. Comput. Sci. 313 (2004), no. 2.