Conference paper

ZÁMEČNÍKOVÁ Eva and KRESLÍKOVÁ Jitka. Design of Adaptive Business Rules Model for High Frequency Data Processing. In: ISAT Monograph Series. Szklarska Poręba: Wroclaw University of Technology, 2014, pp. 1-10. ISBN 978-83-7493-346-9.
Publication language:english
Original title:Design of Adaptive Business Rules Model for High Frequency Data Processing
Title (cs):Návrh modelu adaptivních obchodních pravidel pro zpracování vysokofrekvenčních dat
Pages:1-10
Proceedings:ISAT Monograph Series
Conference:ISAT'2014: Information Systems Architecture and Technology
Place:Szklarska Poręba, PL
Year:2014
ISBN:978-83-7493-346-9
Publisher:Wroclaw University of Technology
Keywords
CEP, business process, business rules, adaptive rules, HFD, market data 
Annotation
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.

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.

BibTeX:
@INPROCEEDINGS{
   author = {Eva Z{\'{a}}me{\v{c}}n{\'{i}}kov{\'{a}} and Jitka
	Kresl{\'{i}}kov{\'{a}}},
   title = {Design of Adaptive Business Rules Model for High
	Frequency Data Processing},
   pages = {1--10},
   booktitle = {ISAT Monograph Series},
   year = {2014},
   location = {Szklarska Por{\k{e}}ba, PL},
   publisher = {Wroclaw University of Technology},
   ISBN = {978-83-7493-346-9},
   language = {english},
   url = {http://www.fit.vutbr.cz/research/view_pub.php?id=10669}
}

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