Progress Software releases new generation of Apama Market Surveillance and Monitoring Accelerator
First Published Monday, 22 June 2009 from Automated Trader : Algorithmic Trading News
Progress Software announces latest release of Progress® Apama® Market Surveillance and Monitoring Accelerator
Dr. John Bates, co-founder & general manager, Apama Division of Progress Software: "Effective trade monitoring is a key component in sustaining confidence in the market."
Progress Software Corporation (NASDAQ: PRGS), the provider of application infrastructure software used to develop, deploy, integrate and manage business applications, has announced the latest release of its Progress® Apama® Market Surveillance and Monitoring Accelerator. This release, the company states, adds new abuse pattern detection capabilities and is inteneded to enhance current real-time monitoring and alerting features with new market operational controls. In addition, the Apama Market Surveillance and Monitoring Accelerator comes with enhanced dashboards and a more sophisticated underlying data infrastructure that should reduce time to market for a broad range of surveillance use cases.
Dr. John Bates, co-founder and general manager of the Apama Division of Progress Software, said, "Effective trade monitoring is a key component in sustaining confidence in the market. Leading market participants know that it is in their own interest to be proactively vigilant, rather than abdicate responsibility to the exchanges or regulators. But vigilance requires monitoring platforms that keep pace with trading, without throttling trade execution. In turn, the trading venues know that ensuring fair, efficient, and responsive markets is critical to attracting liquidity. This is a tremendous opportunity to exploit the power of the Apama CEP platform. Apama Solution Accelerators can provide real-time monitoring and alerting to abnormal or suspect conditions, with no impedance on the low latency needed to support ultra high frequency trading.”
- Link Investimentos selects Progress Apama platform
Dr. John Bates, Progress Software Chief Technology Officer and Apama co-founder: “The Brazilian electronic trading market is growing at an amazing pace.” Progress Software Corporation, the independent enterprise software provider has announced Link Investimentos, the Brazilian brokerage house, is now using the Progress Apama Algorithmic Trading Platform.
The Progress Apama Algorithmic Trading Platform enables Link Investimentos clients to create, test and implement customized trading strategies on the BM&F Bovespa....continued - Progress and SRL to provide one stop solution
Dr Giles Nelson, Chief Technology Strategist, Progress Software: “In the past, brokers and hedge funds have had little choice but to build this complex technology themselves, which can cost millions and take up to a year to implement." Progress Software Corporation has announced that it has joined forces with Statistical Research Laboratory to deliver plug-and-play solutions to financial trading desks, with the intention of providing a complete trading technology solution for brokers and hedge funds.
The SRL solution will be powered by the Progress Apama Complex Event Processing (CEP) Platform. It will offer two components; ‘Broker in a box’ technology, providing brokers with outsourced algorithmic trading and internalization capabilities across multiple asset classes and ‘Hedge fund in a box’ capabilities, offering hedge funds the technology platform to trade complex, high frequency trading strategies as well as to manage and monitor P&L, risk and back offic...continued
More Like This...
You can get news like this delivered directly to your email inbox as a real-time alert or as part of a daily/weekly summary.
Click here to set your preferences now!
