TY - JOUR T1 - The Importance of Liquidity Prediction in Order Routing JF - Trading SP - 86 LP - 90 VL - 2010 IS - 1 AU - Tong Ji Y1 - 2010/03/20 UR - http://guides.pm-research.com/content/2010/1/86.abstract N2 - 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. ER -