Smart Trade Embeds EsperTech CEP into the smartTrade Liquidity Management System

Smart Trade Technologies has signed an OEM agreement with EsperTech to embed their Esper event-stream (ESP) and complex-event processing (CEP) software in the smartTrade liquidity management system (LMS). Through this agreement, Smart Trade customers will have access to event-stream and complex-event processing intelligence, supporting their best execution strategies under Reg NMS and MiFID.

The smartTrade liquidity management system helps top tier banks, brokers, exchanges and asset managers manage liquidity for best execution, smart routing of orders for one or more asset classes across regional and global trading operations, enhanced client servicing and tighter control of flow for risk management. Comprised of four components, a LiquidityAggregator, a LiquidityCrosser, a LiquidityOrchestrator, a smart-order router and LiquidityConnect, the link to multiple execution venues, the smartTrade system knows at all times the states of the orders so that the full lifecycle of reconciliation and a guarantee of reliability are assured.

Targeted to real-time event-driven architectures, the CEP engine detects and correlates in real-time complex situations when user-defined conditions occur among large volume event streams. It enables financial firms to convert rapidly escalating volumes of market data flowing across disparate systems into actionable competitive intelligence. EsperTech products combine rich CEP capabilities and continuous query processing with enterprise-grade capabilities and are capable of being integrated with any platform and middleware, ensuring best productivity, choice and adaptability.

According toSmart Trade’s co-founder and CTO David Vincent, in a press release, By integrating with the EsperTech ESP/CEP engine, “Smart Trade’s customers will be able to rely on a domain-specific CEP for their SOR, crossing and aggregation strategies on top of already existing programmable rules that our liquidity management system produces and implements to ensure best execution for their firm and clients. This clearly proves that CEP and liquidity management are complementary technologies.”