The algorithmic-trading arms race among brokerages and buy-side firms to accelerate their automated executions and improve returns has touched off a similar scramble among technology suppliers. It centers on a critical technology ingredient so new that the experts haven't agreed on what to call it, though most have settled on the term "complex event processing," or CEP. The combatants themselves are relative unknowns, and the technology is still coming together.
展开▼
