Apama (UK) Limited, the maker of innovative financial data management technologies, has launched a collection of FIX-compliant adapters.
Apama says its support for FIX will help users create trading strategies using a whole set of different data sources and execution venues. The adapters remove the need for data translation via FIX gateways and enable Apama’s clients to communicate with FIX-compliant applications in real-time, thus improving interoperability of the financial institution’s business infrastructure.
“Apama’s FIX-compliant adapters deliver significant time-savings to our clients’ e-Trading activities, both at systems implementation stage for rapid Return on Investment, and after the e-Trading system is live when real-time interoperability is essential,” explains Peter Beard, CEO at Apama. “The potential value of this time-saving is particularly significant in the fast-moving e-Trading world, where speed of response is everything and lost milliseconds can result in missing important deals. We will continue to extend our products to provide the most powerful and extensive suite of solutions for electronic trading.”
As FIX is a standard protocol, Berad says Apama-generated “dashboards” can be easily incorporated within other third-party front-end systems, resulting in faster integration and roll-out, and facilitating long-term system maintenance. Dr John Bates, CTO, Apama, adds that “our customers’ total cost of ownership can be reduced by the ease with which their infrastructure plugs together. Industry standards play a huge part in this. Apama is committed to incorporating open standards, including FIX, FIXML, XML and Java technologies, to help improve our customers’ trading operations and facilitate interoperability with third-party applications.”