RT Journal Article SR Electronic T1 The Importance of Liquidity Prediction in Order Routing JF Trading FD Institutional Investor Journals SP 86 OP 90 VO 2010 IS 1 A1 Tong Ji YR 2010 UL http://guides.pm-research.com/content/2010/1/86.abstract AB By integrating liquidity prediction capabilities into a complex event processing (CEP) platform, institutional investors can obtain a consolidated view of liquidity across multiple trading venues. Liquidity prediction, also known as liquidity detection, enhances the functionality of smart order routing systems by analyzing historical and real-time data. This article discusses various metrics of liquidity measurement including tightness, market depth, resilience, and immediacy. As data volumes continue to grow, CEP technologies provide a scalable and flexible solution that enables investors to optimize execution strategies at low latency.