PaceMaker is different from pure-play Business Activity Monitoring (BAM) systems, real-time reconciliation systems and transaction monitors, in three major areas:

• Out-of-Order events
  PaceMaker can track a business transaction even when the events are not correctly ordered – for instance, when an FX Confirm arrives before the Trade Ticket
• Transitory Closure
  PaceMaker can collapse two trades into one, on receipt of additional information
• Transitory Splitting
  PaceMaker can split a single transaction into multiple trades, if new information indicates that this is appropriate

These functions are key to PaceMaker’s ability to track and display events relating to a single Business Transaction, as it flows across multiple, discrete systems. Other solutions simply trap an event that has occurred, but do not correlate that event at a business level to other events occurring at other points within the flow.