@article {Ji86, author = {Tong Ji}, title = {The Importance of Liquidity Prediction in Order Routing}, volume = {2010}, number = {1}, pages = {86--90}, year = {2010}, publisher = {Institutional Investor Journals Umbrella}, abstract = {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.}, issn = {978-0-9842550-3-0}, URL = {https://guides.pm-research.com/content/2010/1/86}, eprint = {https://guides.pm-research.com/content/2010/1/86.full.pdf}, journal = {Trading} }