Progress Software Corporation launches the Progress Apama Capital Markets Framework offering a flexible package of capital markets trading applications.
In addition to the Apama Complex Event Processing (CEP) Platform new Framework comprises Apama Algo Trading Accelerator and new trading facilities like Apama Risk Firewall boosting real-time market risk management.
Moreover Apama Capital Markets Framework includes a range of prebuilt trading algorithms, a sample trading DMA (direct market access) dashboard, a deployment framework, Apama rapid application development and deployment tools, which support business users and IT developers alike.
The Apama Capital Markets Framework arose from our considerable experience in building real-time trading, risk management and compliance applications, says Dr John Bates, founder and general manager, Apama. Our experience working with organizations like JP Morgan, ING, Bank of China, Deutsche Bank, NYSE Euronext, Turquoise, and the FSA (Financial Services Authority) demonstrated to us how the same real-time technology that powers algorithmic trading could also monitor trading behavior. This led us to the creation of the Apama Capital Markets Framework, which can uniquely support all these capabilities from a common foundation.
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