Skip to main content

A Domain-Driven Approach for Detecting Event Patterns in E-Markets: A Case Study in Financial Market Surveillance

  • Conference paper
Web Information Systems Engineering – WISE 2007 (WISE 2007)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 4831))

Included in the following conference series:

Abstract

An e-market can be thought of as a distributed event system where an event is generated every time the market’s state changes in response to a number of human or computing agents. The paper describes a practical application of event processing in an e-market context through conventional Event Processing Systems (EPSs). A new EPS architecture that allows an integration of several existing EPSs under a unified domain-specific user interface and execution environment is proposed. We assess the performance of the system for a case study in financial market surveillance and its ability to provide a common interface for two existing EPSs – SMARTS and Coral8. A discussion on the experimental results and the issues arising from the proposed EPS architecture are also provided.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Bakos, Y.: The Emerging Role of Electronic Marketplaces on the Internet. Communications of the ACM 41, 35–42 (1998)

    Article  Google Scholar 

  2. Coral8 Inc., Coral8 Inc., Mountain View CA (2006), http://www.coral8.com/

  3. Coral8 Inc., Comprehensive Guide to Evaluating Event Stream Processing Engines, Coral8 Inc., Mountain View, CA (2006), http://www.coral8.com/downloads/public/Coral8GuideToEvaluatingESPEngines.pdf

  4. Coral8 Inc., Complex Event Processing: Ten Design Patterns, Coral8 Inc., Mountain View, CA (2006), http://www.coral8.com/downloads/public/Coral8DesignPatterns.pdf

  5. Howard, P.: An ’Evaluation’ paper by Bloor Research on Progress Apama (October 2006)

    Google Scholar 

  6. Ipswitch WhatsUp Professional, Ipswitch, Inc., MA, USA (2006), http://www.ipswitch.com/products/network-monitoring.asp

  7. Jakobson, G.: The Technology and Practice of Integrated Multi-Agent Event Correlation Systems. In: KIMAS 2003. Proceedings of the International Conference on Integration of Knowledge Intensive Multi-Agent Systems, Modeling, Exploration and Engineering, Boston, MA, USA, pp. 568–573 (2003)

    Google Scholar 

  8. Luckham, D.: The Power of Events: An Introduction to Complex Event Processing in Distributed Enterprise Systems. Addison Wesley Professional, MA, USA (2002)

    Google Scholar 

  9. Mangkorntong, P., Rabhi, F.A.: A High-Level Approach for Defining & Composing Event Patterns and Its Application to E-Markets. In: Proceedings of The Second International Workshop on Event-driven Architecture, Processing and Systems (EDA-PS 2007) at the 33rd International Conference on Very Large Data Bases (VLDB 2007), Vienna, Austria (2007)

    Google Scholar 

  10. Mangkorntong, P., Rabhi, F.A.: Detecting Event Patterns in E-Markets: A Case Study in Financial Market Surveillance. In: Proceedings of the IADIS International Conference on E-Commerce, Barcelona, Spain, pp. 112–119 (2006)

    Google Scholar 

  11. Palmer, M.: Event Stream Processing - A New Physics of Software. DM Direct Newsletter, Issue. DM Review and SourceMedia, Inc. (July 29, 2005), http://www.dmreview.com/article_sub.cfm?articleID=1033537

  12. Progress Apama Algorithmic Trading Platform (2006), http://www.apama.com

  13. SMARTS, Smarts Group International Pty Ltd. (2006), http://www.smartsgroup.com

  14. StreamBase, StreamBase Systems, Inc. (2006), http://www.streambase.com

Download references

Author information

Authors and Affiliations

Authors

Editor information

Boualem Benatallah Fabio Casati Dimitrios Georgakopoulos Claudio Bartolini Wasim Sadiq Claude Godart

Rights and permissions

Reprints and permissions

Copyright information

© 2007 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Mangkorntong, P., Rabhi, F.A. (2007). A Domain-Driven Approach for Detecting Event Patterns in E-Markets: A Case Study in Financial Market Surveillance. In: Benatallah, B., Casati, F., Georgakopoulos, D., Bartolini, C., Sadiq, W., Godart, C. (eds) Web Information Systems Engineering – WISE 2007. WISE 2007. Lecture Notes in Computer Science, vol 4831. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-76993-4_13

Download citation

  • DOI: https://doi.org/10.1007/978-3-540-76993-4_13

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-76992-7

  • Online ISBN: 978-3-540-76993-4

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics