Design of Adaptive Business Rules Model for High Frequency Data Processing

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26230%2F14%3APU112024" target="_blank" >RIV/00216305:26230/14:PU112024 - isvavai.cz</a>

Result on the web

<a href="http://www.fit.vutbr.cz/research/pubs/all.php?id=10669" target="_blank" >http://www.fit.vutbr.cz/research/pubs/all.php?id=10669</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Design of Adaptive Business Rules Model for High Frequency Data Processing

Original language description

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.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

10201 - Computer sciences, information science, bioinformathics (hardware development to be 2.2, social aspect to be 5.8)

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2014

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

ISAT Monograph Series

ISBN

978-83-7493-346-9

ISSN

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e-ISSN

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Number of pages

10

Pages from-to

1-10

Publisher name

Wroclaw University of Technology

Place of publication

Szklarska Poręba

Event location

SZKLARSKA PORĘBA

Event date

Jul 21, 2014

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

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