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Progress Software launches Apama EventStore


Progress Software Corporation today announced the launch of Progress? Apama? EventStore?. Apama EventStore is a real-time event data store and replay facility that enables the backtesting of algorithmic trading strategies on historical data.

Apama EventStore, which is already in use by two leading global investment banks and will be generally available in March 2006, can capture data from a wide range of market data sources, including Reuters, GLTrade, FIX, EBS and Hotspot FXi, as well as from exchange and institution-specific adaptors. EventStore can also capture internally-generated trading information, such as trade confirmations, or derived event streams like a weighted moving average (WMA) or a custom basket of securities.

EventStore is integrated into the Apama architecture through the Apama Research Studio. With Apama Research Studio, traders can replay event sequences reflecting any specified time period ? a trading hour, day, week, month, or year. Using recorded data from EventStore, the performance of prospective strategies can be simulated to determine how a strategy would respond in certain circumstances. Research Studio also enables traders to conduct ?digital forensics? by stepping through their trading processes, as captured within the Apama EventStore, to analyze wins or losses. This allows financial institutions to analyze the market and their own performance, both to audit existing strategies and to develop new ones.

Dr John Bates, Vice President Apama Products, Progress Software, comments: ?To stay ahead in the algorithmic trading market, buy- and sell-side firms must assess which strategies are working most effectively to determine how to replicate gains and minimize losses. EventStore enables traders to spot complex patterns within the market, formulate lucrative trading strategies that exploit those patterns, and test those strategies before they go live.? click here to return to the top of the page
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