Supporting Financial Market Surveillance: An IT Artifact Evaluation

In this paper, an IT artifact instantiation (i.e. software prototype) to support decision making in the field of financial market surveillance, is presented and evaluated. This artifact utilizes a qualitative multi-attribute model to identify situations in which prices of single stocks are affected by fraudsters who aggressively advertise the stock. A quantitative evaluation of the instantiated IT artifact, based on voluminous and heterogeneous data including data from social media, is provided. The empirical results indicate that the developed IT artifact instantiation can provide support for identifying such malicious situations. Given this evidence, it can be shown that the developed solution is able to utilize massive and heterogeneous data, including user-generated content from financial blogs and news platforms, to provide practical decision support in the field of market surveillance

Enhancing performance and expressibility of complex event processing using binary tree-based directed graph

In various domains, applications are required to detect and react to complex situations accordingly. In response to the demand for matching receiving events to complex patterns, several event processing systems have been developed. However, there are just a few of them considered both performance and expressibility of event matching as focusing only on performance can cause negative effect on the expressibility or vice versa. This research develops a fast adaptive event matching system (FAEM), a new event matching system to improve expressibility and performance measures (throughput and end-to-end latency). This system is designed and developed based on a novel binary tree-based directed graph (BTDG) as a unified basis for event-matching. The proposed system transforms a user-defined query into a set of system objects including buffers, conditions on buffers, cursors, and join operators (non-kleene and kleene operators) and arranges these objects on a BTDG. Provided BTDG the enhancement in performance of non-kleene operators applied through developing a batch removal method to remove the events that are located out of time-window, and an actual time window (ATW) which can improve performance of event matching. To improve performance of kleene operators, this research introduces a twin algorithms for kleene operator which is match to BTDG. These two kleene algorithms apply grouping on events and reduce the number of intermediate results and apply combination algorithm in final stage. Transformation of queries containing join operators into BTDG enhances the expressibility of the proposed CEP system

Decision Support Systems for Financial Market Surveillance

Entscheidungsunterstützungssysteme in der Finanzwirtschaft sind nicht nur für die Wis-senschaft, sondern auch für die Praxis von großem Interesse. Um die Finanzmarktüber-wachung zu gewährleisten, sehen sich die Finanzaufsichtsbehörden auf der einen Seite, mit der steigenden Anzahl von onlineverfügbaren Informationen, wie z.B. den Finanz-Blogs und -Nachrichten konfrontiert. Auf der anderen Seite stellen schnell aufkommen-de Trends, wie z.B. die stetig wachsende Menge an online verfügbaren Daten sowie die Entwicklung von Data-Mining-Methoden, Herausforderungen für die Wissenschaft dar. Entscheidungsunterstützungssysteme in der Finanzwirtschaft bieten die Möglichkeit rechtzeitig relevante Informationen für Finanzaufsichtsbehörden und Compliance-Beauftragte von Finanzinstituten zur Verfügung zu stellen. In dieser Arbeit werden IT-Artefakte vorgestellt, welche die Entscheidungsfindung der Finanzmarktüberwachung unterstützen. Darüber hinaus wird eine erklärende Designtheorie vorgestellt, welche die Anforderungen der Regulierungsbehörden und der Compliance-Beauftragten in Finan-zinstituten aufgreift