Smart Order Routing (SOR) Accelerator
Overcome the Challenges of Trading in Increasingly Fragmented Markets
Diverse liquidity venues are increasingly available to traders. Multilateral Trading Facilities (MTFs), the Exchanges, dark liquidity pools, internal crossing networks. They're all within reach. But how do you find the right ones for your trading strategies?
Packaged, commoditized smart order routing applications often won’t deliver. Successful smart order routing – the kind that distinguishes you from the competition - requires unique order routing capabilities. And add to the challenges the evolving regulatory demands of Europe’s MiFID and the U.S.'s Reg NMS for best execution.
Create Unique, Proprietary Order Routing Strategies
The Progress® Apama® Smart Order Routing (SOR) Accelerator enables you to create unique, proprietary order routing strategies that intelligently select from among many execution venues, both providing the competitive power of differentiated execution strategies, as well as the foundation to comply with regulatory demands for best execution.
The Accelerator is based on the Progress Apama Algorithmic Trading platform, the industry-leading environment for creating algorithmic trading and related Capital Markets applications. A combination of the most widely-deployed complex event processing (CEP) platform with a rich set of tools for both business users and IT developers, Apama enables both buy-side and sell-side trading desks to quickly design, test, deploy and evolve strategies that incorporate unique proprietary algorithmic techniques. The Apama architecture monitors real-time market data and other sources of market information and takes action instantly. Combining development ease and deployment power, the Apama platform is unmatched in the industry.
The Apama SOR Accelerator empowers the trader further by offering:
- Customer-selectable integration adapters
- Configurable order routing logic
- Graphically rich monitoring dashboards
Together they help accelerate the creation and deployment of unique smart order routing applications that exploit the powerful functionality of the Apama platform. And, with customized, aggregated views of market liquidity, traders can quickly capitalize on that liquidity with low latency trading algorithms that make real-time order routing decisions. By leveraging the experience derived from client implementations, Apama's SOR Accelerator empowers trading desks to overcome the challenges of trading in increasingly fragmented markets
The goal is straightforward. Deliver unique, proprietary order routing strategies that support best execution requirements. That's what Apama's SOR Accelerator gives you. That's trader empowerment.
Read this Forrester Research
