Financial Firms Worldwide such as ClientKnowledge and The Sumitomo Trust and Banking Company Co., Ltd. Adopt Award-Winning Sybase CEP Solution
DUBLIN, Calif. (October 18, 2010) – Sybase, Inc., an SAP company (NYSE:SAP) and industry leader in enterprise and mobile software, today announced significant adoption momentum of Sybase® CEP, a complex event processing (CEP) technology for performing analytics on high speed streaming data. Sybase has been recognized as the proven performance leader in the data-intensive financial services industry
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. “Sybase CEP connects to high volume and velocity market data streams across the globe and enables our analysts to develop and implement complex models and analytics while facilitating our 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.
“There was a need for existing information to be calculated and accessed easier in real-time,” said Cliff Dowton, Head of IT, Sumitomo Trust, London. “Leveraging the Sybase CEP platform, we first implemented the alerting model which immediately notifies our Shanghai users by email if a limit is broken or a deal has been input incorrectly. This way we avoid expensive core system changes to meet the branch’s unique new requirements. In addition, we implemented an FX model in London and New York which combines trading data with Reuters market data to provide the front offices with positions and P&L quickly and accurately. The next stage is to make this also available in our market risk system to enable real-time Value at Risk (VaR) calculations.”
“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. “Sybase is committed to continuing to provide our customers with powerful solutions that combine risk management, compliance and trading solutions specifically tailored to fit their needs.”
Sybase financial solutions include advanced data management and analytics that improve trading, risk management, compliance and market data management across the enterprise. For more information on Sybase’s Capital Markets industry solutions, visit: www.sybase.com/capitalmarkets or read http://blogs.sybase.com/tradingandrisk.
About Sybase
Sybase, an SAP® company, is an industry leader in delivering enterprise and mobile software to manage, analyze and mobilize information. We are recognized globally as a performance leader, proven in the most data-intensive industries and across all major systems, networks and devices. Our information management, analytics and enterprise mobility solutions have powered the world’s most mission-critical systems in financial services, telecommunications, manufacturing and government. For more information: www.sybase.com. Read Sybase blogs: blogs.sybase.com. Follow us on Twitter at @Sybase.
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Contact
Sybase Public Relations
Samantha Finnegan, 925-236-4033
samantha.finnegan@sybase.com
or
CJP Communications for Sybase
Vu Chung, 212-279-3115 x 205
vchung@cjpcom.com
Source: Sybase