Although most people’s understanding of Complex Event Processing in finance is limited to the algorithmic trading (a.k.a. “tactical trading”) use case, most of TIBCO’s use cases in the finance domain are more “knowledge-based” / “intelligent processing”. A nice example of this is the subject of a WhitePaper sent by Caplin and TIBCO showing the Caplin Xaqua trader application (“Single Dealer Portal”) being augmented by a TIBCO BusinessEvents CEP system for making trade recommendations.
The actual application as described is called Predictive Customer Management or PCM, and helps optimize client trading strategies. The White Paper is available from Caplin or TIBCO…
