Apama® Capital Markets platform named Best CEP Product / Service
LONDON--(BUSINESS WIRE)--
Progress
Software Corporation (NASDAQ: PRGS) today announced that its
Progress® Apama®
Capital Markets platform has been named as best Buy-Side Product /
Service in the CEP (Complex-Event Processing) category at this year's Waters
Buy-Side Technology Awards.
The award recognises the fact that Progress's buy-side
customers can now monitor and analyse their information flows in
real-time to achieve greater visibility, increased control over
real-time operations as well as improved decision making for greater
business precision. Buy-side customers are using the Apama platform to
automate a number of aspects of their trading and risk management
operations, including:
-
Deploying comprehensive simulations and back-testing environments for
development, validation and run-time deployment of alpha-seeking
cross-product algorithms;
-
Generating buy-sell signals based on real-time analytics and
displaying on screens developed in the Apama product's dashboard
technology;
-
Developing and enforcing pre-trade risk rules across a number of
automated trading systems, to protect against operational and market
risk conditions;
-
Utilising automated statistical strategies to exploit short-term price
anomalies across multiple venues.
The Progress Apama Capital Markets platform extends the Apama CEP engine
with a comprehensive, asset-class-neutral framework for development of
real-time trading, risk and compliance applications. The platform is the
result of more than 10 years experience deploying the Apama product to
support a broad range of use cases in production trading environments.
This fully-supported offering is unique, combining:
-
The performance and scalability of the most widely-deployed CEP
technology in the Capital Markets industry;
-
The Capital Markets Foundation (CMF)
— a library of components for market data processing, order routing,
risk management, simulation, back-testing and more;
-
More than 50 certified and supported adapters to market data systems,
trading venues and 3rd party applications, including comprehensive
support for the FIX protocol with certified configurations for
numerous brokers and banks.
Quotes
"We are delighted that the Progress Apama Capital Markets platform has
been recognised as the best CEP product. This award demonstrates the
extent to which the Progress Apama Capital Markets platform stands out
from the competition in the CEP market, allowing customers to benefit
from our experience in delivering mission-critical Capital Markets
applications powered by Progress for more than a decade" said Dr Richard
Bentley, Vice President, Capital Markets for Progress Software. "We have
invested heavily in building a strong internal Research & Development
team dedicated to our Capital Markets Foundation. As a result buy-side
firms can now rapidly deploy and evolve algorithmic trading and risk
management functions in response to market opportunities and compliance
needs."
To find out more about the Progress Apama Capital Markets platform,
visit our website: http://www.progress.com/en/apama/capital-markets.html?cmpid=pom
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software
company that simplifies the development, deployment and management of
business applications on-premise or on any Cloud, on any platform, and
on any device with minimal IT complexity and low total cost of
ownership. Progress Software can be reached at www.progress.com
or 1-781-280-4000.
Progress and Apama are trademarks or registered trademarks of
Progress Software Corporation and/or its subsidiaries or affiliates in
the U.S. and other countries. Any other names contained herein
may be trademarks of their respective owners.
Progress Software Corporation
Rachel Harnden, +44 (0)1344 386 387
rharnden@progress.com
@ProgressSW
or
LEWIS
PR
Paula Kadelski, +44 (0)207 802 2626
Paula.Kadelski@lewispr.com
Source: Progress Software Corporation
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