Active databases for financial applications

Advances in computers, financial theory and the uncertainty of interest rates have led to the creation of a vast marketplace of financial instruments. Financial applications, which are meant to facilitate trading in these instruments have also become complex. Active database technology will be necessary to meet the stringent requirements of financial trading applications. The authors identify the important database requirements of financial applications that are not met by commercial database technology. Active database support in the form of temporal and non-temporal rules is discussed. Language support to provide active database functionality is discussed, along with the issues in the design of on optimizer for such a language.<
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