Publication detail

Design of Adaptive Business Rules Model for High Frequency Data Processing

ZÁMEČNÍKOVÁ, E. KRESLÍKOVÁ, J.

Original Title

Design of Adaptive Business Rules Model for High Frequency Data Processing

Type

article in a collection out of WoS and Scopus

Language

English

Original Abstract

In this paper we would like to discuss high frequency data processing and the use of complex event platform in combination with business rules approach. For such a high volume of data, it is suitable to use complex event platform (CEP), because CEP allows for big data processing in real time. We would like to focus on improvement of decision making process under the condition of dynamical adaptation of the process on the fly. We will use pattern recognition for detecting and predicting the trends in data by mining this information from historical data. After the distinguishing patterns we will build the set of business rules according to which the process runs and we will control the process flow by defining the restrictions. We would like to use this model for building trading systems. Algorithmic trading applies complex event processing by calculating complex algorithms that indicate when to sell or buy based on real-time processing. Market data can be viewed as events. This data needs to be analyzed in real time in order to identify the trends in data and to react to these trends automatically. Traditional approach for detecting anomalies on stock market has been statistical analysis, but a CEP-based approach is able to react faster than the traditional approach.

Keywords

CEP, business process, business rules, adaptive rules, HFD, market data 

Authors

ZÁMEČNÍKOVÁ, E.; KRESLÍKOVÁ, J.

RIV year

2014

Released

21. 9. 2014

Publisher

Wroclaw University of Technology

Location

Szklarska Poręba

ISBN

978-83-7493-346-9

Book

ISAT Monograph Series

Pages from

1

Pages to

10

Pages count

10

URL

https://www.fit.vut.cz/research/publication/10669/

BibTex

@inproceedings{BUT111619,
  author="Eva {Zámečníková} and Jitka {Kreslíková}",
  title="Design of Adaptive Business Rules Model for High Frequency Data Processing",
  booktitle="ISAT Monograph Series",
  year="2014",
  pages="1--10",
  publisher="Wroclaw University of Technology",
  address="Szklarska Poręba",
  isbn="978-83-7493-346-9",
  url="https://www.fit.vut.cz/research/publication/10669/"
}

Documents

ISAT2014_zamecnikova_final.docx