Progress Apama Extends Trading Capabilities with New Integration with VhayuPARIS--(BUSINESS WIRE)--Apr. 22, 2009--
Progress Software Corporation (NASDAQ: PRGS), a global supplier of
application infrastructure software used to develop, deploy, integrate
and manage business applications, and Vhayu Technologies, the leading
provider of enterprise tick data solutions, today announced a new
product integration that combines the
Progress®
Apama® Algorithmic Trading Accelerator with Vhayu Velocity.
Together, this offering enables firms to create trading strategies
within the Apama product that exploit Vhayu’s high performance
historical data capture services.
When integrated with the Apama
product, Vhayu-based market data can now be woven into highly
sophisticated algorithmic trading strategies created within the Apama
Algorithmic Trading Accelerator. The Apama platform empowers trading
firms to build, test and deploy unique trading strategies that are fully
customizable and can evolve as new opportunities emerge. Through the
integration, Apama product strategies can now incorporate direct access
to Vhayu’s Velocity historical data store to perform low latency,
historical analytics. The integration will also support the use of
Velocity for the backtesting of prospective strategies prior to going
live in the market.
Vhayu Velocity can store voluminous amounts of real-time tick and
historical data, together with corporate action information. Its
patented system was developed specifically for processing market data.
It provides direct access to fast-moving global markets in all asset
classes and can dramatically improve trading results by processing
massive amounts of data faster than any system.
Dr. John Bates, founder and general manager of the Apama division of
Progress Software said, “High frequency trading applications need
simultaneous access to both streaming market data as well as historical
data in order to deliver the most competitive strategies. With our Vhayu
integration, both sell- and buy-side organizations can create algorithms
whose logic spans both streaming and historical data. And those
organizations can also backtest prospective strategies against the Vhayu
repository to better predict results before going live in the market.”
Jeff Hudson, CEO of Vhayu stated, “Partnering with the industry leader
in CEP-based trading will deliver real value to our joint customers. The
Progress Apama product provides access to the market-leading trading
platform with unparalleled flexibility that is not available anywhere
else. That flexibility is critical for success in today’s market
conditions and we see this as offering tremendous value to our
customers. ”
Progress and Vhayu carried out this integration based on strong demand
from shared customers who urgently wanted to combine the capabilities of
these best-of-breed products.
The Progress 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.
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) provides application
infrastructure software for the development, deployment, integration and
management of business applications. The Apama platform is powered by
the world's most advanced and widely used complex event processing (CEP)
technology, which allows traders, regulators and exchanges to instantly
and continuously analyze, evaluate and respond to market events in
real-time. Our goal is to maximize the benefits of information
technology while minimizing its complexity and total cost of ownership.
For further information, please visit www.progress.com
or +1-781-280-4000.
About Vhayu
Vhayu delivers the fastest market data solutions for the capture and
high-speed analysis of massive amounts of streaming and historical data,
to the world's leading financial institutions. Through its unique
patented Velocity and Squeezer technologies, Vhayu combines software and
hardware to provide significant competitive advantages to financial
firms concerned with the processing and storage of tick data by enabling
faster and smarter trading decisions. Partnered with some of the world’s
leading technology and financial services organizations, Vhayu's
customers include 8 of the top 10 global financial institutions, the
leading online discount broker, the largest financial information
provider, major hedge funds and trading systems vendors.
Vhayu was founded in 1998 by Intel technologists who brought together
over twenty years of experience architecting high performance hardware
and software solutions. Headquartered in Silicon Valley, the company
also has offices in New York, London and Tokyo. For more information,
visit www.vhayu.com.
Progress and Apama are trademarks or registered trademarks of Progress
Software Corporation in the U.S. and other countries. Any other
trademarks contained herein are the property of their respective owners.
Source: Progress Software Corporation
Progress Software Corporation
Rachel Harnden
Tel.: +44 (0)
1753 216387
Email: rharnden@progress.com
www.progress.com
or
OCTANE
PR
Eb Adeyeri
Tel : +44 (0)207 802 2662
apama@octanepr.com
or
LEWIS
PR
Dan Gaffney, 617-226-8840
progresssoftware@lewispr.com
