The Progress® Apama® Algorithmic Trading Accelerator, part of a range of market-specific Solution Accelerators offered by Progress Apama, can now be deployed with the Object Trading FrontRunner® Suite, for DMA to premium liquidity pools. Object Trading gateways are hosted at all the world’s major derivatives exchanges, as well as a large number of equity and other cash markets. Co-located participants can minimize both the time to market and the up-front investment required to establish infrastructure and connectivity. With ObjectTrading, they will also benefit from the ultra low latency performance of being hosted at a venue and be able to use test-bed environments. Used in conjunction with Apama, the Capital Markets’ leading platform for building high frequency trading applications, joint clients will be able to quickly and easily create, test and deploy unique strategies on a complete algorithmic execution platform with fully integrated DMA infrastructure.
“With this solution the sell side now has an all-in-the-box solution for
on or offsite algorithmic trading. The perennial problem of how to
satisfy the demand for ever lowering latencies, while retaining full
visibility of automated trade activity backed up with sophisticated risk
constraints, is all solved in a ready-engineered solution. For the Buy
side, the combination of Apama’s feature rich Algorithmic capabilities
and Object Trading’s high throughput ultra low latency order and market
data gateways will provide the best access to the unforgiving markets of
today,” said
The Apama - Object Trading solution also offers advantage to clearing firms, since the clearer retains ultimate control of their clients’ order flow, a mandatory requirement for effective sponsored access to exchanges. The FrontRunner Suite provides clearing brokers with independent risk management controls at the gateways and drop-copy notification for all trade actions without impacting the trade execution times. The ability to view the risk stemming from client flows, to raise investigatory alerts and to stop orders if necessary, allows the broker to retain responsibility and preserves the buy side / sell side relationship.
Dr.
The Progress Apama Algorithmic Trading Accelerator enables firms to
quickly develop and deploy proprietary algorithmic techniques, achieving
a dramatic advantage over commoditized “black box” offerings. With the
Apama “white box” platform, buy side and sell side firms can rapidly
develop and execute differentiated strategies leveraging their own
intellectual property. As the leading platform for high velocity
About Object Trading
Object Trading provides buy and sell side market participants with flexible, counterparty neutral Direct Market Access (DMA) infrastructure specifically engineered for ultra-high performance trading applications. Object Trading’s FrontRunner® suite offers low latency, high volume order management, coupled with integrated real-time price distribution and independent risk management for enabling buy and sell side supervisory control. An all-in-the-box solution for over 40 major international markets with integration via either a rich professional API or industry standard FIX protocol.
For further information please contact sales@objecttrading.com
or your nearest regional office on 0800 028 4121 (
About
Progress, and Apama are trademarks or registered trademarks of
Source:
Progress Software Corporation
Lisa Coulouris, 781-280-4995
lcoulour@progress.com
www.progress.com
or
For
Object Trading
Gerry Turner, +44 (1634) 825 311
gerry.turner@objecttrading.com
www.objecttrading.com
or
LEWIS
PR
Dan Gaffney, 617-226-8844
progresssoftware@lewispr.com