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Abstract Gravitational wave searches are crucial for studying compact sources such as neutron stars and black holes. Many sensitive modeled searches use matched filtering to compare gravitational strain data to a set of waveform models known as template banks. We introduce a new stochastic placement method for constructing template banks, offering efficiency and flexibility to handle arbitrary parameter spaces, including orbital eccentricity, tidal deformability, and other extrinsic parameters. This method can be computationally limited by the ability to compare proposal templates with the accepted templates in the bank. To alleviate this computational load, we introduce the use of inner product inequalities to reduce the number of required comparisons. We also introduce a novel application of Gaussian Kernel Density Estimation to enhance waveform coverage in sparser regions. Our approach has been employed to search for eccentric binary neutron stars, low-mass neutron stars, primordial black holes, and supermassive black hole binaries. We demonstrate that our method produces self-consistent banks that recover the required minimum fraction of signals. For common parameter spaces, our method shows comparable computational performance and similar template bank sizes to geometric placement methods and stochastic methods, while easily extending to higher-dimensional problems. The time to run a search exceeds the time to generate the bank by a factor of $\mathcal{O}\left({10}^5\right)$for dedicated template banks, such as geometric, mass-only stochastic, and aligned spin cases, $\mathcal{O}\left({10}^4\right)$for eccentric and $\mathcal{O}\left({10}^3\right)$for the tidal deformable bank. With the advent of efficient template bank generation, the primary area for improvement is developing more efficient search methodologies. 

Multimessenger searches for binary neutron star (BNS) and neutron star-black hole (NSBH) mergers are currently one of the most exciting areas of astronomy. The search for joint electromagnetic and neutrino counterparts to gravitational wave (GW)s has resumed with ALIGO’s, AdVirgo’s and KAGRA’s fourth observing run (O4). To support this effort, public semiautomated data products are sent in near real-time and include localization and source properties to guide complementary observations. In preparation for O4, we have conducted a study using a simulated population of compact binaries and a mock data challenge (MDC) in the form of a real-time replay to optimize and profile the software infrastructure and scientific deliverables. End-toend performance was tested, including data ingestion, running online search pipelines, performing annotations, and issuing alerts to the astrophysics community. We present an overview of the low-latency infrastructure and the performance of the data products that are now being released during O4 based on the MDC. We report the expected median latency for the preliminary alert of full bandwidth searches (29.5 s) and show consistency and accuracy of released data products using the MDC. We report the expected median latency for triggers from early warning searches (−3.1 s), which are new in O4 and target neutron star mergers during inspiral phase. This paper provides a performance overview for LIGO-Virgo-KAGRA (LVK) low-latency alert infrastructure and data products using theMDCand serves as a useful reference for the interpretation of O4 detections.