Smart Trade Technologies has announced that it signed an OEM agreement with EsperTech to embed their Esper event-stream and complex-event processing software in the smartTrade liquidity management system. Through this agreement, Smart Trade customers will have access to event-stream and complex-event processing intelligence, supporting their best execution strategies under Reg NMS and MiFID.

The smartTrade liquidity management system helps banks, brokers, exchanges and asset managers manage liquidity for best execution, smart routing of orders for one or more asset classes across regional and global trading operations, enhanced client servicing and tighter control of flow for risk management.

EsperTech's Esper is an open source Java ESP and CEP engine. Targeted to real-time event-driven architectures, the CEP engine detects and correlates in real-time complex situations when user-defined conditions occur among large volume event streams. It enables financial firms to convert rapidly escalating volumes of market data flowing across disparate systems into actionable competitive intelligence. EsperTech products combine rich CEP capabilities and continuous query processing with enterprise-grade capabilities and are capable of being integrated with any platform and middleware, ensuring best productivity, choice and adaptability.