Capital Markets Platform
Create Unique Algorithmic and Related High Frequency Applications
Progress® Apama® is the Capital Markets’ leading platform for building high frequency trading applications. The Apama platform offers flexible and powerful complex event processing (CEP) capabilities and broad market connectivity. Apama also gives firms the tools for creating, testing and deploying unique strategies for low latency, high throughput applications including algorithmic trading, market aggregation, smart order routing, and real-time pricing, market surveillance and monitoring, commodities/energy trading and real-time risk management.
Progress® Apama® Capital Markets Platform enables capital markets firms to quickly develop and deploy proprietary techniques, achieving dramatic advantage over commoditized “black box” offerings. With the Apama “white box” platform, firms can rapidly develop and implement differentiated trading strategies that leverage their own ideas. The Apama platform implements a patented Complex Event Processing (CEP) architecture that can monitor data such as market feeds and related information, like electronic news. Apama’s sub-millisecond responsiveness is sustainable when market data volumes reach the tens of thousands of events per second and when concurrent strategies number in the thousands. With its combination of development ease and deployment power, Apama is unmatched in the industry.
- Graphical tools that empower traders and quants to create strategies
- “SmartBlocks” that encapsulate trading logic for use in new strategies
- Powerful event processing language for expressing complex trading scenarios concisely
- Richly graphical, easily customized dashboards
- Support for all asset classes, both individually and in cross-asset strategies
- Flexible backtesting environment to evaluate new strategies and analyze existing ones.
- Patented event processing engine with sub-millisecond execution
- Connectivity to market data sources, trading destinations, and third party systems via integration framework extensible for customer-specific environments
Rapidly Model, Test, and Execute Algorithmic Trading Strategies
Apama includes a comprehensive development environment embracing both trade strategists and developers. Apama Event Modeler enables traders to create and deploy unique algorithmic strategies. The graphical environment intuitively represents trading scenarios.
Event Modeler is complemented by Apama SmartBlocks, pre-packaged algorithms (VWAP, EWMA, MACD and others). SmartBlocks can easily be inserted into new strategies and used "as is" or modified for customer requirements. Apama also provides a rich event processing language (both native and in Java) to enable IT-driven trade strategy creation.
Apama Research Studio and Apama EventStore further development with a flexible backtesting environment. Research Studio operates on real market data captured in Apama EventStore, a time series data store, and provides TiVo-like replay operations that can evaluate new trading strategies. Research Studio can also execute "digital forensics" that audit the performance of scenarios in deployment.
Apama Event Correlator provides low latency execution with a patented complex event processing architecture, built upon Apama's Correlators. The Apama architecture can support thousands of unique strategies operating simultaneously, while delivering sub-millisecond response to inbound market data.
With its extensible Integration Adapter Framework (IAF) and wide range of APIs, Apama offers a range of packaged adapters that provide bi-directional connectivity (see Apama Connectivity). Apama easily integrates with customer-specific event data sources and application environments via its Integration Adapter Framework.
Market Surveillance and Monitoring Accelerator
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The Progress® Market Surveillance and Monitoring Accelerator delivers the surveillance technology you need to quickly discover and respond to fraudulent activities. It allows you to monitor, analyze, and act on fast-moving data because it leverages complex event processing (CEP), a tried and tested technology used in some of the most demanding capital markets applications. |
 See how the Progress Control Tower® can be used in Market Surveillance, and check out the TABBFORUM article "Keeping a Watchful Eye on the Markets". |
FX Aggregation Accelerator
The Progress® Apama® FX Aggregation Accelerator speeds the implementation of algorithmically-driven FX applications that depend on an aggregated view of liquidity across multiple sources. It allows trading firms to leverage the rich connectivity available from Apama to aggregate and view the depth of multiple markets and click to trade from a single integrated front end.
 Read the white paper Achieving Foreign Exchange Transparency via Aggregation and learn more about changes in the Foreign Exchange (FX) financial world and the role algorithms play. |
Smart Order Routing Accelerator
The Progress® Apama® Smart Order Router (SOR) Accelerator is designed to jumpstart the implementation of algorithmically-driven applications that will route equities orders to trading venues in support of best execution requirements. With it trading firms can now more easily and flexibly create applications that respond to MiFID and Reg NMS requirements for best execution.
 Replay the on-demand TABBFORUM webinar Real-time Risk – A Mandate for Trading in Volatile Markets and hear short and incisive presentations, plus a lively Q&A session at the end. |
Operating Platforms
Apama Studio Components, Research Studio, Management and Monitoring:
- Windows 2003, XP (32-bit), 2008 (64-bit), 7 (64-bit)
Apama Dashboards:
- Windows 2003, XP, 2008, 7
- Java, AJAX
Apama Correlator, EventStore, IAF and Adapters:
- Redhat 5 Linux 32/64 bit
- SUSE 11 Linux 32/64 bit
- Solaris Sparc64 10
- Solaris X64 10
- Windows XP (32-bit), 2003, 2008 R2 (64-bit), 7 (64-bit)
* EventStore support currently not available. Click here for full platform details.
Profit-Loss, a leading FX publication, named 
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