Apama Media Coverage
Look here for a sampling of media buzz and articles about Apama, algorithmic trading, complex event processing and BAM.
24 Nov 2008
Borsa Italiana unit offers Apama tools to clients
BIt Systems, the technology services division of Italian stock exchange Borsa Italiana, is to offer its clients access to Progress Software’s Apama complex event processing services through its hosted application service provider (ASP) environment.
24 Nov 2008
Italian Exchange Will Offer Hosted Apama Technology
As competition heats up in the European equities market, Borsa Italiana’s technology arm has signed an agreement with the Apama division of Progress Software Corp. to provide its customers with smart-order routing and algorithmic trading capabilities.
22 Nov 2008
Progress and BIt Systems Partner on Hosted Trading Offering
Co-operation between Progress Software and BIt Systems - Borsa Italiana's IT company - will allow BIt Systems ASP community to enter remote access to Apama CEP services and give it the ability and means to develop its own algorithms with low latency connectivity to Borsa Italiana and other global venues, without the additional cost of developing a platform from scratch, said Progress Software.
22 Nov 2008
Progress Apama Teams with LSE’s BIt Systems to Offer Hosted Trading Solutions
Progress Software’s Apama group has teamed up with BIt Systems, the exchange systems provider acquired by the London Stock Exchange as part of its takeover of Borsa Italiana, to offer a range of hosted complex event processing (CEP) capabilities, such as algorithmic trading and smart order routing.
18 Nov 2008
Real-time Insight into Payments
Complex event processing gives banks and corporates real-time visibility of their payment processes which is an important requirement in the quickly changing payments landscape. Article is attributed to Dr. Giles Nelosn.
17 Nov 2008
NYSE To Add Portware Technology to Hosted Platform
Execution management systems provider Portware's solutions will be made available on a hosted basis to firms on the Secure Financial Transaction Infrastructure (SFTI) network, said NYSE Euronext's commercial technology division last week.
17 Nov 2008
Futures Platform CQG Taps CEP Provider Apama
CQG, a provider of market data, analysis and connectivity for the futures industry, is partnering with the Apama event processing unit of Bedford, Mass.-based Progress Software Corp. to offer its clients real-time execution capabilities.
17 Nov 2008
Progress Software: Event Processing helps with the risk management.
In today's competitive trading world, financial institutions feel the mounting need for technology that aids their unique trading style. The continually shifting landscape means both buy-side and sell-side firms need to adapt to the effects of change. Sell-side institutions are exploring ways to augment the talents of their traders and optimise their client services, while buy-side firms are persistent in their endeavour to control their trading strategies and to hide them from the competition. Algorithmic trading has played a significant part in this.
11 Nov 2008
Is CEP a Pre-Requisite for EDA or SOA?
In response, Giles Nelson of Progress Apama, elaborated on the relationship with SOA, EDA and CEP with several key points. Joe McKendrick’s echoed a similar point of view in his post Why 'Event Driven Architecture' is more than Complex Event Processing. So also Udi Dahan, who illustrated, with a nice order-to-cash process example, how these concepts play together in a real world business problem. He summarized his position with the following remark
03 Nov 2008
Managing Data in Tumultuous Times
Confronted with the credit crunch and fragmenting liquidity, data management personnel are struggling with capacity constraints, latency and quality issues. And while financial firms are tapping a variety of tools to handle the increased demands, their goal is the same: calculating risk exposures and making decisions in record time. Software and service providers have been capitalizing on the industry's needs.
31 Oct 2008
Bats Bring Microsecond Trading to the UK
John Bates, general manager at complex event processing software supplier Progress Apama, said the entrance of Bats into the European market is further signal that incumbent trading exchanges cannot rest on their laurels.
30 Oct 2008
Credit Crunch: Opportunity for CEP providers?
We tend to associate complex event processing (CEP) technologies with hedge funds that want to process multiple data streams to support algorithmic trading processes. But Finance Tech notes that more recent CEP projects focus on risk management. The holy grail seems to be truly real-time, deep analytics, not just batch process-like cuts of data.
28 Oct 2008
With volatility in the capital markets hitting new peaks each day, Progress Software has unveiled a ”risk firewall” to protect traders from getting their fingers burnt. Just as a traditional firewall blocks suspect internet traffic, the risk firewall blocks trades that would exceed the firm’s market risk tolerance. The firewall is part of Progress’s Apama Capital Markets Framework, a set of ”building blocks” for financial firms that hope to gain an edge building their own trading applications.
27 Oct 2008
Wall Street Firms Using CEP to Measure and Manage Risk
Progress Apama's customers are using the vendor's CEP technology for pre-trade risk checks, according to John Bates, general manager for Progress Software's Apama division. "Before a trade is placed, real-time rules detect 'fat-finger' errors, check for decimal points in the wrong places, apply real-time compliance rules, make sure the firm is not over 6 percent of an actively traded market," he relates.
24 Oct 2008
Technology Could Help Prevent Stock Market Crashes and Abuse
Specialist supplier Progress Apama has launched a real time complex event monitoring software,which it claims could prevent stock markets crashing and rogue traders committing fraud.
21 Oct 2008
Coral8 and Apama Expanding CEP Capabilities
Platform upgrades from complex event processing (CEP) technology providers Coral8 and the Apama unit of Progress Software Corp. reflect a shared emphasis on broadening their reach, as well as the financial services industry’s relentless need for speed.
20 Oct 2008
Volatility Slashes Trading Algo Shelf-Life
In today’s volatile trading conditions the useful life of quant-driven automated trading strategies has become shorter, according to John Bates, founder and general manager of the Apama division of Progress Software.
17 Oct 2008
CEP Moves From Wall Street To Main Street
Once available only to big financial institutions and government agencies that could afford custom development projects, real-time data analysis is finding its way into the hands of more IT enterprises with the emergence of off-the-shelf CEP products from a handful of pure-play CEP vendors such Progress Apama.
14 Oct 2008
Turquoise Taps Corvil for Latency Testing
"Early in our design process, we decided that market-leading low latency and high throughput would be hallmarks of our platform," added L’Huillier in a statement. Turquoise uses a trading platform from Cinnober Financial Technology, and BT Radianz, BT Group’s financial extranet operator, provides hosting services and low-latency connectivity for the venue. In January, Turquoise announced that it was implementing a real-time market surveillance system from Progress Software Corp.'s Apama division and technology consultancy Detica.
08 Oct 2008
Since its inception, algorithmic trading has been powered by complex event processing (CEP) technology, designed to allow trading engines to make snap decisions on the basis of streaming data and market events. But although CEP is often perceived as the domain of the sell side, its most progressive use has come from tech-savvy, statistical arbitrage hedge funds that write their own algorithms and seek to keep their intellectual capital to themselves
04 Oct 2008
CEP: A Technology For These Uncertain Times
Although it's used mainly in financial markets, complex event processing (CEP) technology looks poised to gain traction more widely, in areas such as fraud detection and performance monitoring.
02 Oct 2008
CEP Opportunity in Wall Street Bust?
Fast forward to today and the crisis on Wall Street and the plans in Washington to both rescue and better regulate the financial industry. Complex event processing (CEP) has had a lot of initial success in programs for automated stock trading where price and other events trigger buys and sells. But that was in the boom time and now we are in the bust. Wall Street is doing trades at very low volumes.
22 Sep 2008
Event Processing Technical Society (EPTS) Symposium take-aways
True Industry Collaboration - As Opher mentioned, 41 of the 70 attendees were event processing vendors, representing a many of the technology providers in the space: Aleri, Coral8, Event Zero, IBM, iLog, Nastel, Oracle, Progress Apama, RuleML, Streambase, Tibco, and West Global. What impressed me is these vendors attended the symposium not to one up each other, but to work together to move both the technology and market forward. While I didn't attend the follow-on business meeting, I learned that several new working groups have been proposed to explore important topics including event processing languages, reference architectures, benchmarks, university curriculums and interoperability. These are in addition to the current EP glossary and use case efforts.
22 Sep 2008
Interactive Library with RFID Tags
Progress Software has been mentioned for the deployment of a RRID system in Boekhandels shops
19 Sep 2008
Y2K, CEP, And The Mess On Wall Street
Honoré thinks CEP technology can solve many of the risk management and compliance problems that financial firms face, and I tend to agree with him. CEP engines from vendors such Progress Apama, StreamBase, Aleri, Coral8, Tibco, IBM (which recently acquired CEP vendor AptSoft), and Oracle (through its purchase of BEA) have the potential to remove much of the risk in the market because they can absorb a wide range of information and normalize, aggregate, and analyze it in real time. This will provide greater transparency and visibility to market information, not only for regulatory agencies but also for enterprises that want to better manage risk and stop regulatory infractions before the regulator spots them.
18 Sep 2008
EPTS Event Processing Symposium, Live Blogging Day 2: CTO & Researchers Panel
Summary of John Bate's Presenation at EPTS.
17 Sep 2008
EPTS Event Processing Symposium Snippets, Day 1
I'm at the 4th Event Processing Technical Symposium in Stamford CT. The meeting is run by the Event Processing Technical Society and co-located with Gartner's Event Processing Summit. There are about 60 of us here, mostly from vendors (IBM, Oracle, Streambase, Progress Apama, EventZero, Aleri, Tibco,Coral8, iLog, RuleML) but also represented are customers, researchers, consultants and analysts. You could say, it's the usual suspects, lead by Opher Etzion of IBM, Roy Schulte of Gartner and David Luckham.
17 Sep 2008
Turquoise to Root Out Irregualities with Surveillance Tool
Turquoise, the pan-European multilateral trading facility, has deployed a real-time and post-trade market surveillance system supported by Progress Apama’s complex event processing (CEP) platform.
11 Sep 2008
Slow to Pick Up Algorithmic Trading?
Local financial institutions have been slow to embrace complex trading technologies like algorithmic trading, compared with their peers in Hong Kong, Japan and South Korea, said Progress Software Corporation, an infrastructure software provider. Citing data from the Singapore Exchange (SGX), Progress said about 12 per cent of equities and 18 per cent of derivatives in terms of value are from algorithmic trades. Algorithmic trading is based on instructions input into computers to make decisions and execute trades based on real-time market data.
09 Sep 2008
Bank of China Selects the Progress Apama Algorithmic Trading
Progress Software Corporation, a provider of application infrastructure software to develop, deploy, integrate and manage business applications, recently announced that BOC International Holdings Limited (BOCI), the wholly owned investment bank of Bank of China, has selected the Progress Apama Algorithmic Trading Platform to strengthen its investment banking infrastructure
09 Sep 2008
Algorithmic Trading in FX: How Far Can It Go?
As the market reality for the FX market continues to evolve, it is important not only to assess the potential for growth in adoption of FX algorithmic trading, but to identify possible hurdles.
08 Sep 2008
Bank of China International Selects Progress Apama for Algo Trading
The Bank of China International will leverage the platform for its trading connections with the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange for trading in equities, futures, futures indices, warrants and bonds.
08 Sep 2008
Bank of China International Selects Progress Apama for Algo Trading
The Bank of China International, the Hong Kong-based wholly owned investment bank of Bank of China, has signed on to implement the Progress Apama Algorithmic Trading Platform.
08 Sep 2008
Progress Apama CEP Selected by Bank of China International
Progress Software Corporation today announced that Bank Of China International Holdings Limited (BOCI), the wholly owned investment bank of Bank of China, has selected the Progress® Apama® Algorithmic Trading Platform to strengthen its investment banking infrastructure.
08 Sep 2008
BOCI Adopts CEP Platform from Progress
BOC International Holdings Ltd. (BOCI), the wholly owned investment bank of Bank of China, has selected application infrastructure software provider Progress Software's Progress Apama complex event processing (CEP) platform, the vendor announced today.
08 Sep 2008
Bank of China to Develop Algos on Progress Apama Platform
By using the Progress Apama Algorithmic Trading Platform, BOCI will be able to build its own algorithms to automatically trade across multiple exchanges.
11 Aug 2008
Eat an RFID-tagged Pill Before a Run, Prevent Over Heating
If you're a top marathoner (or even just a weekend sole warrior), you probably already swallow a truckload of vitamin supplements to get you through the race. But if a recent over-heating prevention study is any indication, you're going to have to add another item to that list: an RFID-enabled pill.
01 Aug 2008
Tracking Temperatures From the Inside Out
Each year on July 3, while Americans prepare for Independence Day festivities, tens of thousands of Dutch citizens set out on a four-day hike through the Netherlands as part of an event known as Four Day Marches Nijmegen. Founded in 1909 as a means of keeping members of the Dutch military physically fit, the event now attracts around 45,000 participants, who walk 30 to 50 kilometers (about 19 to 31 miles) daily for four consecutive days. The 2006 event, however, was cut short after unusually high temperatures led to the deaths of two walkers, while many others fell ill.
29 Jul 2008
RFID Pill Monitors Body Temperature at Walking Race
Today's top story is the RFID "pill" used by researchers at Radboud University to monitor the core body temperatures of volunteers at the annual Four Days Marches of Nijmegen in The Netherlands.
29 Jul 2008
London 2012 Athletes to Get Pill Which Will Tell Them When Their Bodies are Overheating
The device, which is contained in a tablet, can beam back body temperatures readings to monitoring teams who can then inform runners to ease up or take on board water.
27 Jul 2008
Athletes could be saved from overheating at the London 2012 Olympics by taking a pill containing a computer chip.
23 Jul 2008
Dutch researchers at Radboud University recently teamed with Progress Software to keep an eye on the health of participants in the world’s largest walking event. With a creative use of RFID technology, the researchers were able to keep tabs on walkers’ temperatures from within.
21 Jul 2008
Hunger for excess returns drives systems development
With unprecedented volatility in financial markets, funds and hedge funds are battling for additional returns to attract business, increasing the buyside’s hunger for new algorithms. This in turn is driving a search for technology that can assist in the selection and creation of portfolios.
12 Jun 2008
Liquidnet in talks with NYSE and Nasdaq over liquidity links
Liquidnet, a nondisplayed or “dark pool” liquidity venue, has had “serious” discussions with NYSE Euronext and Nasdaq OMX about dark-and-light liquidity links as US exchanges continue to reach out to alternative liquidity venues.
11 Jun 2008
10 Jun 2008
Progress Apama Announces Technology Development Collaboration with Sun Microsystems
Progress Software Corporation, a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications today announced a technology development collaboration in which the Progress Apama complex event processing (CEP) platform has been ported to the Sun x64 system, running the Solaris 10 Operating System. Additionally, Progress launched a new Capital Markets offering, the Apama Real-time Pricing Accelerator, on the Sun platform to deliver breakthrough, enterprise-class performance.
10 Jun 2008
NYSE Euronext in tech partnershi
NYSE Euronext, the transatlantic exchange group, will on Tuesday step up its efforts to become a one-stop shop for US equity trading in the face of mounting competition by announcing a partnership with Progress Software, a company specialising in advanced trading technology.
10 Jun 2008
NYSE Targets Tech Purchases, Partnerships
NYSE Euronext will be targeting partnerships with technology service providers and may embark on several acquisitions in the area this year, according to Larry Leibowitz, head of U.S. markets and global technology. The exchange has recently rolled out its SFTI Community Platform within its Automated Trading Solutions
10 Jun 2008
NYSE Euronext Teams with Progress Apama to Offer New Hosted Trading Solutions
Progress Software Corporation and NYSE Euronext Advanced Trading Solutions, a unit of NYSE Euronext (NYX) today announced a partnership that enables NYSE Euronext Advanced Trading Solutions to offer its customers new complex event processing (CEP) capabilities for algorithmic trading, real-time risk management, and smart order routing, which will be provided by the Progress Apama CEP platform.
10 Jun 2008
NYSE Euronext to partner with Progress
In yet another move to expand its electronic-trading business and improve trading efficiencies, New York-based NYSE Euronext today announced a partnership with Progress Software Corp., an application infrastructure software provider based in Bedford, Mass.
10 Jun 2008
Progress Apama’s New Complex Event Processing Platform Slashes Latency
Progress Apama 4.0 offers a five-fold reduction in latency in CEP applications and an easy, out-of-the-box experience.
09 Jun 2008
Fixed-Income Compliance Is Moving Upstream
Fixed-income products can be a compliance nightmare. Compared to the thousands of equities instruments, there are millions in the fixed-income world, and some of those might not be traded for months--or years--making pricing largely a judgment call.
09 Jun 2008
Liquidnet Using Coral8 for Market Surveillance
Earlier this year, Turquoise, the consortium-backed European platform expected to launch in September, said that it had hired Progress Software Corp.’s Apama division and consultancy Detica to develop a real-time market surveillance system. CEP technology provider Apama and Detica have also developed a trade monitoring platform for the U.K.’s Financial Services Authority.
09 Jun 2008
CEP Vendors Seeking Broader Audience
As financial firms continue to apply complex event processing (CEP) technology to an ever broader array of activities--not simply algorithmic trading or smart-order routing--vendors are upgrading their platforms and forging new partnerships to serve a more diverse capital markets audience.
09 Jun 2008
Event Processing Tries to Lose its Complex
Last week, a group of 30 CEP vendors, academics and other interested parties formed the Event Processing Technical Society to provide a forum and working groups to cooperate on promoting understanding of CEP, promote a standard glossary of event processing terms, and to involve the expertise of academia in developing CEP systems and the market in general.
03 Jun 2008
Spike in Enterprise ‘Events’ Spurs Debut of Event Processing Technical Society
The recent growth — and expected spike — in business event data in enterprises has led a group of IT industry leaders to form the Event Processing Technical Society (EPTS), designed to encourage adoption and effective use of event processing methods and technology in applications.
Jun 2008
Incrowd Magazine
Suske & Wiske and the Big Snitcher
How the fruad at Soc Gen could have been avoided with Progress Software.
31 May 2008
27 May 2008
SEB Extends use of Progress Apama
SEB, a leading north European bank, will expand its use of the Progress Apama algorithmic trading platform by using a newly-developed market surveillance accelerator.
26 May 2008
Leveraging Complex Event Processing for Algorithmic Trading in FX
Over the last year, a strong business case for automating foreign exchange trading has continued to drive the adoption of advanced trading technology. The FX market is characterized by fragmented liquidity - caused by an ever-growing set of liquidity pools and ever-increasing volatility. Within this environment, a growing number of firms are interested in lowering the cost and enhancing the profitability of FX trading, using techniques such as algorithmic trading. This interest can range from augmenting spot desks with automated trading systems that execute trades and manage positions, to high frequency algorithms that seek out and act instantly on trading opportunities in the fragmented liquidity environment. In the high frequency world, traders realize that algorithms must act on opportunities before an increasing number of competitors who are aiming to get there first.
22 May 2008
CEP Vendors Teaming With Market Data Technology Providers
Adam Honoré, senior analyst with Boston-based Aite Group, said the two announcements reflect trends in the CEP industry: “There are all sorts of partnership deals going on in the CEP space at this time--Reuters and Progress Apama, Detica and Progress Apama, IBM acquiring InfoDyne.”
22 May 2008
Banks Have to Take Responsibility for Regaining Trust
Progress Apama's Dr. John Bates responds to an article written in the Financial Times regarding inevitable further bank rules in light of the subprime crisis raises two concerns.
19 May 2008
Getting Complex: New Interfaces are Making CEP More Widely Accessible
The world of complex event processing and stream processing are both becoming an increasingly mainstream way of dealing with large volumes of data.
19 May 2008
Algo Trading in Energy Markets
Penetration into energy markets by hedge funds and algorithmic trading desks is far below that of other assest classes, the complex event processing system Apama is quoted as a viable option for trading platforms.
14 May 2008
ING Wholesale Banking : Now Uses Apama Commercial Platform
ING Wholesale Banking now uses the Progress Apama platform.
14 May 2008
A Monitor That Can Set Alarms Ringing
Improved software makes it easier to extract vital information from the flow of data. CEP can be thought of, along with Service Oriented Architecture and Business Activity Monitoring, as an essential component of a Business Process Management suite of software.
08 May 2008
ING Offers its Clients Advantages of Algorithmic Trading
ING Wholesale banking will offer its client access to algorithmic trading and direct access to financial markets.
01 May 2008
Traders and the technologists who support them are eagerly looking for smarter, faster and more self-aware trading formulas to beat the competition. What's in store for tomorrow's algorithms?
01 May 2008
SmartBlocks Build Trading Strategies
Progress Software Corp.'s new SmartBlocks tool helps users of its Apama complex event processing (CEP) platform to package and reuse a set of operations so applications, like algorithmic trading strategies, can be rapidly designed, built and modified.
29 Apr 2008
John Bates, co-founder of Progress Apama, appeared in a video report to talk about how Progress Apama helps financial institutions fight white-collar crime and fraud. The company's real-time market surveillance system has been adopted by many leading European investment banks and the Financial Service Authority in Britain. In Asia, it has had a presence in Hong Kong and Singapore since 2006.
21 Apr 2008
Detica, Apama Launch Surveillance Platform
The market surveillance platform enables banks and exchanges to detect potential rogue trading and market abuse.
21 Apr 2008
Apama, Detica Partnership Produces Market Surveillance Platform
Technology consultancy Detica Group and Progress Software Corp.’s Apama division have partnered on a real-time surveillance platform for exchanges, alternative trading systems and financial services firms’ trading desks.
17 Apr 2008
According to John Bates, founder and general manager of Progress Software’s Apama division, algorithmic trading has taken the financial world by storm as a market surveillance tool to detect insider trading and market abuse.
01 Apr 2008
23 Feb 2008
Tibco Says CEP Upgrade Can Help Firms in Volatile Market
However, John Bates, managing director of the Apama event-processing unit of Progress Software Corp., noted that BusinessEvents was originally designed as “a traditional rules-type CEP product.” Such platforms, according to Bates, are rooted in 20-year-old technology and “are good for basic reasoning tasks but not … for today’s high-performance CEP requirements.” The Apama platform differs, he said, in that it was built from the ground up to be event-driven and performs well when quick response times are needed.
31 Jan 2008
30 Jan 2008
Turquoise CEO says some shareholders are backing Chi-X too as a 'sector bet'
Turquoise will soon announce a partnership with Progress Software (nasdaq: PRGS - news - people ) and Detica to deliver a real-time Market Surveillance System for the integrated platform, he said.
30 Jan 2008
30 Jan 2008
30 Jan 2008
28 Jan 2008
Turquoise Taps Apama and Detica to Build Market Surveillance System
Turquoise, the high-profile multilateral trading system (MTF) in Europe founded by nine investment banks to compete with the London Stock Exchange and other traditional exchanges, has hired Progress Software and Detica to develop a real-time market surveillance system.
28 Jan 2008
Turquoise Chooses Apama-Powered Trade-Monitoring Solution
Following in the footsteps of its U.K. regulator, Turquoise, the multilateral trading facility (MTF) established by nine global banks and anticipated to launch in August, has tapped Progress Software Corp.’s Apama division and Detica to provide a real-time market surveillance system.
28 Jan 2008
28 Jan 2008
28 Jan 2008
28 Jan 2008
28 Jan 2008
28 Jan 2008
Turquoise Selects Progress Apama and Detica for Real-Time Market Surveillance System
Turquoise Selects Progress Apama and Detica for Real-Time Market Surveillance System; Complex Event Processing to be a key technology within the pan-European equity trading facility
28 Jan 2008
28 Jan 2008
28 Jan 2008
Turquoise Selects Progress Apama and Detica for Real-Time Market Surveillance System
Turquoise Selects Progress Apama and Detica for Real-Time Market Surveillance System; Complex Event Processing to be a key technology within the pan-European equity trading facility
28 Jan 2008
28 Jan 2008
Turquoise Moves to Combat Market Abuse
Project Turquoise, the trading platform set up by investment banks to compete with Europe’s stock exchanges, has moved to bolster its legitimacy by incorporating a system to combat market abuse.
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