Sybase Launches New CEP Product

Sybase released Sybase Event Streaming Processor (ESP), a new version of the Sybase Aleri CEP platform.

Sybase ESP, version 5 of the Sybase Aleri Event Stream Processor, delivers new capabilities in enterprise scalability and user productivity, the vendor said.

The new solution enables users to deliver real-time applications such as continuous risk assessment, extremely complex low latency algorithmic trading and the creation and dissemination of enriched market data, in a fraction of the time that traditional approaches would require, according to the vendor.

Its new advanced cluster architecture enables continuous queries to be deployed in a private cloud environment.

"The ability to increase the flexibility of tools that allow users to obtain intelligence on high-speed streaming market and trade data with minimum latency is a key differentiator in the competitive CEP environment," Larry Tabb, founder and CEO of TABB Group, said. "Providing the client with a blazing fast, easy to integrate, and extensible platform enabling firms not only to do what they need now, but to adapt to a quickly changing environment is the holy grail for CEP firms." Sybase ESP also enables trade and algorithm monitoring, enabling users to monitor trading performance indicators and manage automated trading strategies.

Organizations can use the combination of Sybase ESP and Sybase RAP to analyze current and historical data to uncover patterns supporting real-time decision making and to refine strategies through regression testing, the vendor said.

New features offered by version 5 include CCL - the SQL-based event programming language from Coral8 - which is integrated into the product, while preserving Aleri's SPLASH scripting language for extensibility.

The new version also provides a choice of editing styles, with ability to switch back and forth at any time.

The advanced cluster architecture allows any number of machines to function as part of a "virtual server" for virtually unlimited physical capacity, Sybase said.

Projects can run on the cluster simultaneously and be started or stopped without affecting other projects. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio