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Title:
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DETECTING EVENT PATTERNS IN E-MARKETS: A CASE STUDY IN FINANCIAL MARKET SURVEILLANCE |
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Author(s):
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Piyanath Mangkorntong , Fethi A. Rabhi |
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ISBN:
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972-8924-23-2 |
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Editors:
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Sandeep Krishnamurthy and Pedro Isaías |
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Year:
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2006 |
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Edition:
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Single |
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Keywords:
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e-markets, event pattern detection, market analysis tool, event processing, financial markets, market surveillance |
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Type:
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Full Paper |
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First Page:
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112 |
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Last Page:
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119 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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This paper is concerned with identifying complex situations that arise in e-markets such as fraud occurrences and security intrusions. Due to many challenges related to the size and complexity of the data generated by e-markets, most existing commercial systems show limitations when addressing the needs of such applications. In this paper, we apply event concepts to model the behaviour of e-markets and propose to conduct the analysis through an Event Processing System (EPS). A comparison between different types of EPS is carried out in order to explore their suitability in detecting event patterns. The paper analyses the data model used in e-markets and proposes an EPS architecture that integrates a number of existing EPSs to process event patterns. A case study in financial market surveillance, involving two existing EPSs - SMARTS and Coral8, is used to evaluate the proposed approach. |
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