Apama Capital Markets Foundation
The Progress® Apama® Capital Markets Foundation (CMF) enables both business users and IT to dramatically accelerate the development of a variety of capital markets solutions. By exploiting the CMF’s configurable components as building blocks, users can access common capital markets tasks involving complex technical logic in a simple way, enabling you to focus your resources on the unique business logic of your applications.
The Capital Markets Foundation provides application components in four areas: Market Data, Analytics, Order Management and Infrastructure.
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Market Data Architecture |
APIs and Smart Blocks for Trade, Quote, BBA, Market Depth and Order Book market data |
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Scalable multi-context market data event distributor |
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Common adapter library to accelerate development of new market data connections |
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Market Data Services |
Market Data Bridges – share market data between contexts/Correlators |
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Configurable Tick and Depth UI models |
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Depth and Tick publishing utilities |
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Usability utilities for consuming market data |
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| Trade Services |
A service to monitor order updates to extract trade information |
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Position Services |
Closed Position service (sums all trades for a given slice) |
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Open Position Service (maximum long and short position exposures) |
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Reserved Position service (sums buy and sell reservations made on behalf of traders/algorithms) |
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Analytic library integration |
QuantLib (option pricing, implied parameters, premiums and Greeks) |
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Statistics (windowed aggregators backed by QuantLib) |
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Standard math library |
Trigonometric and other math functions (supplementary to the core Apama platform)Position Services Closed Position service (sums all trades for a given slice) |
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Order Management bridging service—share orders between parallel contexts/Correlators |
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Exchange Matching Engine |
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Historic data inference engine (Feed the matching engine with historic data) |
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Order Book Management (used in Matching Engine, also used for dark pools, crossing pools, etc.) |
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Order Book visualisation utilities |
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Order Management Utilities |
Order management Publisher (used to submit orders) |
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Order management receiver (used in adapters and matching engines) |
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Order management monitor (snoop order flow between publishers and receivers) |
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Order Firewall |
Pre-submission validation of new, amend, cancel order instructions |
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UI models for objections and warnings |
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Reusable framework for creating plug and play rules UI model for firewall rules (parameters and outputs) |
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Current Firewall Rules |
Order Throttle Limit |
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Price Limit |
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Quantity Limit [absolute or change] |
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Value Limit (price x quantity) [absolute or change] |
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Position Limit (limits the sum of open, closed and reserved on a given slice) |
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Reservation Enforcers (ensures that orders made against reservations comply with the reservation, contract) |
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Order Management bridging service—share orders between parallel contexts/Correlators |
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Exchange Matching Engine |
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Historic data inference engine (Feed the matching engine with historic data) |
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Order Book Management (used in Matching Engine, also used for dark pools, crossing pools, etc.) |
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Order Book visualisation utilities |
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Order Management Utilities |
Order management Publisher (used to submit orders) |
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Order management receiver (used in adapters and matching engines) |
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Order management monitor (snoop order flow between publishers and receivers) |
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Order Firewall |
Pre-submission validation of new, amend, cancel order instructions |
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UI models for objections and warnings |
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Reusable framework for creating plug and play rules UI model for firewall rules (parameters and outputs) |
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Current Firewall Rules |
Order Throttle Limit |
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Price Limit |
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Quantity Limit [absolute or change] |
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Value Limit (price x quantity) [absolute or change] |
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Position Limit (limits the sum of open, closed and reserved on a given slice) |
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Reservation Enforcers (ensures that orders made against reservations comply with the reservation, contract) |
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Table 4
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Utilities for publishing data to Apama dashboards |
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Configurable hierarchical logging infrastructure |
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Persistent hierarchical configuration service for CMF components |
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Latency measurement framework |
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Tools for controlling application flow |
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User session service |
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Status utilities |
Adapter connection monitor |
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Multi Correlator connection monitoring |
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Status information bridging between parallel contexts/Correlators |
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Status publishing utilities |
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