Chris Martins
Tue, 22 Jan 2008 18:11:16 -0500
Today Progress announced the Progress Apama Smart Order Router Accelerator. This extends the core Apama algorithmic trading platform with functionality that is focused on the intelligent routing of orders to different equities markets (exchanges, MTFs, crossing networks and comparable venues.) Accelerators leverage specific elements of the Apama CEP platform (in this instance, Apama's event processing language for the routing logic, customizable dashboards, and our breadth of connectivity), and focus those capabilities on specific market requirements.
Our experience with existing customers made it clear that Apama can help "accelerate" the deployment of solutions that address some of the requirements within MiFID and Reg NMS for best execution. This announcement is a follow-on to a similar one from last year in which we announced an Accelerator with a focus on FX Market Aggregation.