Sybase announces adoption of CEP technology

NEW DELHI, INDIA: Sybase, Inc., an SAP company, today announced significant adoption momentum of Sybase CEP, a complex event processing (CEP) technology for performing analytics on high speed streaming data.

The Sybase CEP solution has recently been adopted by two additional key financial institutions: ClientKnowledge and The Sumitomo Trust and Banking Company Co., Ltd., to enable real-time risk management, said a press release.

The ability to manage risk in real-time is mission critical, and Sybase CEP provides intelligence on high-speed streaming market and trade data with minimum latency, enabling capital markets firms to analyze data and act on it faster than competitors.

“Being able to gain visibility from multiple trading desks around the world into data streaming from different liquidity venues and deal capture systems is extremely important to our business,” said Parham Zolfaghari, product manager of Managed Models at ClientKnowledge, a leading research, analysis and advisory firm.

He added that Sybase CEP connects to high volume and velocity market data streams across the globe and enables their analysts to develop and implement complex models and analytics while facilitating their client banks in managing risk in real time, with measurable positive impact on profitability.

In addition to identifying patterns on streaming data to help traders take immediate action, Sybase CEP also enables risk managers to aggregate trade data across multiple systems and monitor trader activity to calculate risk and P&L in real time. The Sumitomo Trust and Banking Company Co., Ltd. uses Sybase CEP in its foreign branches as the basis for its alerting and FX monitoring models, which it has developed to retrieve and analyze data in real-time and in a more flexible form.

“The combination of regulations and intensified competitive pressures are key factors constraining capital markets firms, who are increasingly relying on real-time intelligence to ease regulatory pressures and enable sound decision making,” said Dr. Raj Nathan, executive vice president and chief marketing officer at Sybase.

He added that Sybase is committed to continuing to provide their customers with powerful solutions that combine risk management, compliance and trading solutions specifically tailored to fit their needs.