Progress Apama Capital Markets Foundation gets upgrade

Source: Progress Software

Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, today announced the launch of its Progress Apama Capital Markets Foundation version 2.1 product, enabling developers to expedite the deployment of unique eCommerce and other capital markets applications.

Based on the Apama Complex Event Processing (CEP) Platform, the Progress Apama Capital Markets Foundation  2.1 product now delivers key, customizable components allowing developers to rapidly deploy eCommerce solutions that leverage their traders' unique intellectual property and business models. As with prior versions, this new version of the Apama Capital Markets Foundation product is built in the form of easily configurable building blocks and includes, but is not limited to, the following capabilities:

• Pricing framework for building tiered price spreading/skewing modules

• Market data aggregator service, to create a bird's eye view of fragmented liquidity

• FX spot/forward price conversion service, simplifying the trading of FX futures contracts

• Smart order routing to intelligently select execution destinations

• Client credit checking, via the risk firewall, with conversion of Net Open Position to a base currency

Dr Richard Bentley, Industry Vice President, Capital Markets at Progress Software commented: "The Apama Capital Markets Foundation product contains components which have been borne out of actual solution implementation projects and deployed many times. It embodies significant Industry knowledge and intellectual property learned the hard way - by building real Solutions. This update provides additional support for developers at sell-side institutions, giving them the ability to create new, in-house eCommerce applications which eliminate the need to spend time creating common utilities such as analytics, order management and infrastructure, and rather allowing them to focus on the unique requirements of their applications."

Bentley concluded: "The new version of the Apama Capital Markets Foundation product will make it easier than ever for traders to leverage common capital markets components involving complex technical logic in a simple way, speeding u way, speeding up time to value fore fore for highly customized trading applications."

The new generation Apama Capital Markets Foundation product is shipping now.

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