%0 Journal Article %A Tong Ji %T The Importance of Liquidity Prediction in Order Routing %D 2010 %J Trading %P 86-90 %V 2010 %N 1 %X 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. %U https://guides.pm-research.com/content/iijtrading/2010/1/86.full.pdf