Progress Software Corporation, a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, has announced that CQG, the premier charting, analytics, and trade routing platform for global futures markets, will employ the Progress Apama platform to deliver advanced execution capabilities to it’s clients. This new offering provides CQG users with the ability to automatically execute trades that have been signaled within CQG’s state-of-the-art analysis tools, invoking tailored algorithms offered through the Apama platform.
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The Apama platform is the industry's leading CEP environment, supporting applications that monitor rapidly moving event streams, detecting patterns and initiating action - now with sub-millisecond latency. The Apama CEP technology offers business users a new dimension of real-time analytics, pattern and opportunity recognition, and event management.
Dr. John Bates, Founder and General Manager, Apama division of Progress Software Corporation, commented: “In this volatile economy, the ability to identify trading opportunities and rapidly execute on those opportunities algorithmically is something that every trader needs. By integrating the Apama platform with CQG’s charting and analytic tools, we are offering an incredibly powerful tool for traders, allowing them to quickly capitalize on CQG’s charting tools with real-time trade execution.”
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The Apama platform is the Capital Markets leading CEP platform, supporting a range of applications that include algorithmic trading, market aggregation, smart order routing, pricing and market surveillance. It is deployed by major firms like JP Morgan, Deutsche Bank, ING and Bank of China, as well as regulators like the British Financial Services Authority and exchanges like Turquoise.
