Kaskad Technology Announces new Event Stream Processing Engine.Kaskad Korrelera Meets Growing Demand for Event-driven Systems that Process Information at Extremely High Speeds BOSTON -- Kaskad Technology today announced general availability of its new Event Stream Processing Event Stream Processing, or ESP, is a set of technologies designed to assist the construction of event-driven information systems. ESP technologies include event visualization, event databases, event-driven middleware, and event processing languages, or complex event Engine (ESP (1) (Enhanced Service Provider) An organization that adds value to basic telephone service by offering such features as call-forwarding, call-detailing and protocol conversion. ), Kaskad Korrelera. The technology is a result of 25 years of experience providing trading and compliance solutions to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry combined with the latest research in ESP and Complex Event Processing Complex Event Processing, or CEP, is a technology for building and managing event-driven information systems. CEP is primarily an event processing concept that deals with the task of processing multiple events from an event cloud with the goal of identifying the meaningful (CEP CEP congenital erythropoietic porphyria. CEP abbr. congenital erythropoietic porphyria ). Korrelera meets a growing demand for high-speed, event-driven systems. Korrelera correlates data from many streams of information, finds and processes events based on complex relationships between messages on various streams, providing businesses with instant information or triggers for other applications. For example, broker dealers can use the system to compare trade executions to the national best bid and offer National best bid and offer (NBBO) is a SEC regulation requiring brokers to guarantee customers the best available ask price when buying securities, and the best available bid price when selling securities. (NBBO NBBO National Best Bid and Offer ) that was in place at the time the trade executed to check for trade through violations, triggering alerts instantly in the event that a trade through occurred. Korrelera is an ESP Engine capable of processing in excess of 500,000 messages per second. The system supports quick configuration for adding or modifying streams and creating or modifying RuleBots which apply logic and query the streams. Kaskad Technology is building applications on top of Korrelera to meet obligations of new regulations impacting the financial services industry such as RegNMS (National Market System) in the US and MiFID (Markets in Financial Instruments Directive The Markets in Financial Instruments Directive (MiFID) will introduce a single market and regulatory regime for investment services across the 30 member states of the European Economic Area (the 27 Member States of the European Union plus Iceland, Norway and Liechtenstein). ) in Europe. Kaskad's first application is a market surveillance system for a major US stock exchange. Because of Korrelera's flexibility, Kaskad Technology can quickly add components, adapt to changes to RegNMS, add new security classes, and incorporate new compliance requirements such as future rules associated with MiFID in Europe. About Kaskad Technology Kaskad Technology provides solutions to meet the new challenges of the highly competitive, regulated capital markets where needs and requirements change rapidly, volumes of data are increasing constantly, and the ability to make instant decisions based on complex data is vital. Kaskad uses cutting edge technology including event stream processing (ESP), complex event processing (CEP), high speed messaging bus, and a service oriented architecture to provide best of breed solutions for exchanges, broker dealers, investment managers, and intermediaries. |
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