Black Box Trading
Black Box Algorithms Limit Flexibility
Black box trading is a common place algorithmic trading solution. With the rise in algorithmic trading, black box algorithms have become a common approach to implementation of a solution. Black box trading algorithms provide are typically packaged, non-modifiable algorithms and though black box trading systems can accommodate different trading styles the limitation of the black box trading software approach is that users must rely on strategies already developed by someone else, rather than being allowed to implement strategies based on their own expertise and experience. The restrictions of black box trading algorithms represent why so many worldwide capital market firms have opted for the “white box” approach of Apama from Progress Software.
A Unique Black Box Trading Software Alternative: Progress Apama
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A brief overview of how you can be competitive on multiple frontiers using a smart algorithmic trading platform such as Apama. |
Progress® Apama® Algorithmic Trading Platform is the industry-leading platform for algorithmic trading. Unlike a black box approach, Apama enables strategists to rapidly develop and deploy algorithmic strategies based on their own unique approach to the market. Trade strategists can quickly build new strategies in a graphical modeling environment, analyze them in a sophisticated real-time backtesting environment, and deploy them directly within the Apama platform. The power of Apama allows traders to implement different trade strategies that monitor and analyze events from real-time market feeds and take action within milliseconds. The Apama platform provides a richly featured and flexible alternative to black box trading, letting traders leverage their own expertise and unique approaches. |
Beyond the Black Box: Trading Strategy Tools for Greater Success
As a black box alternative, Progress Apama provides a comprehensive platform with a range of tools for creating and deploying automated trading strategies. Apama Event Modeler allows strategists to build trading strategies in a unique graphical environment, working with algorithmic templates – Apama SmartBlocks. Traders can backtest strategies with Apama Research Studio, running new strategies against selected time periods of market data captured in Apama EventStore. Once created, traders can monitor strategy execution, leveraging a richly-featured dashboard environment via Apama Dashboard Studio. Dashboards provide real-time visibility into market data streams delivered through adapters developed with Apama's Integrated Adapter Framework (IAF).
The Pursuit of Operational Responsiveness in Capital Markets
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Today's fast-paced markets demand more than ever. More flexibility, responsiveness, control, and risk management. Whether you need to roll out new algorithmic trading strategies, accelerate the delivery of financial data, optimize straight-through processing, real time pricing, or incorporate new applications into your IT environment, Progress can help you do it, fast. Our Responsive Process Management (RPM) suite delivers immediate and actionable insight into trading operations through the Progress Control Tower™, a unified, interactive environment. The Progress RPM suite enables users to gain visibility into critical processes, immediately respond to events, and continuously improve business performance – without disruption to existing infrastructure. |
In addition to offering solutions for black box trading, Progress Software offers a variety of real-time software solutions, including applications for business activity monitoring, complex event processing, database management software, EDA software and data integration platform.
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