CEP in 2011 and Beyond.... Post: 302479381

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Special Forums News, Links, Events and Announcements Complex Event Processing RSS News CEP in 2011 and Beyond.... Post 302479381 by Linux Bot on Friday 10th of December 2010 01:00:01 PM

12-10-2010

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CEP in 2011 and Beyond....

John Bates
12-10-2010 01:52 PM
As we approach the end of 2010 and we begin to see a tiny crack of light at the end of the financial crisis tunnel, there are many theories as to which technologies will lead us into the next phase of advancement in financial markets. Stubborn issues with latency, high frequency trading, real-time risk management, and market gaming/fraud continue to dog the industry and provide fertile ground in which new and existing technologies can innovate. In fact, technology consultancy Ovum said in its 2011 Trends to Watch report for financial markets (http://tinyurl.com/2vv42sh) noted thatComplex Event Processing is one technology to watch.

CEP will be the lifeblood for financial services as regulation increases, markets further fragment, and algorithmic trading becomes engrained in all asset classes. A recent Progress Software survey across industries showed that only eight per cent of enterprises globally are able to report business information in real-time. Without instant visibility into business activity organisations cannot possibly determine what is or is not working and then set the right course of action.

In financial markets, in particular, a lack of visibility between exchanges, ECNs, dark pools, brokers, banks, buyside and trading firms is causing breakdowns in the system. When you see increasingly frequent events setting markets on their ear such as the May 6th flash crash, insider trading activity, fat fingered errors and rogue algorithms, it becomes crystal clear that something needs to be done.

Progress, with its Apama products, is committed to financial markets along with other, newer markets such as aviation and telecommunications that are opening up to CEP. If you would like further information about the future of CEP and would like to speak to one of the two founders of Progress Apama- yours truly or my colleague Dr. Giles Nelson-then please contact us.

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uri::url

URI::URL(3)						User Contributed Perl Documentation					       URI::URL(3)

NAME

       URI::URL - Uniform Resource Locators

SYNOPSIS

	$u1 = URI::URL->new($str, $base);
	$u2 = $u1->abs;

DESCRIPTION

       This module is provided for backwards compatibility with modules that depend on the interface provided by the "URI::URL" class that used to
       be distributed with the libwww-perl library.

       The following differences exist compared to the "URI" class interface:

       o  The URI::URL module exports the url() function as an alternate constructor interface.

       o  The constructor takes an optional $base argument.  The "URI::URL" class is a subclass of "URI::WithBase".

       o  The URI::URL->newlocal class method is the same as URI::file->new_abs.

       o  URI::URL::strict(1)

       o  $url->print_on method

       o  $url->crack method

       o  $url->full_path: same as ($uri->abs_path || "/")

       o  $url->netloc: same as $uri->authority

       o  $url->epath, $url->equery: same as $uri->path, $uri->query

       o  $url->path and $url->query pass unescaped strings.

       o  $url->path_components: same as $uri->path_segments (if you don't consider path segment parameters)

       o  $url->params and $url->eparams methods

       o  $url->base method.  See URI::WithBase.

       o  $url->abs and $url->rel have an optional $base argument.  See URI::WithBase.

       o  $url->frag: same as $uri->fragment

       o  $url->keywords: same as $uri->query_keywords

       o  $url->localpath and friends map to $uri->file.

       o  $url->address and $url->encoded822addr: same as $uri->to for mailto URI

       o  $url->groupart method for news URI

       o  $url->article: same as $uri->message

SEE ALSO

       URI, URI::WithBase

COPYRIGHT

       Copyright 1998-2000 Gisle Aas.

perl v5.12.1							    2008-04-04							       URI::URL(3)