This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Progress Software Wins Waters Buy-Side Technology Award

Stocks in this article: PRGS

Progress Software Corporation (NASDAQ: PRGS) today announced that its Progress® Apama® Capital Markets platform has been named as best Buy-Side Product / Service in the CEP (Complex-Event Processing) category at this year’s Waters Buy-Side Technology Awards.

The award recognises the fact that Progress’s buy-side customers can now monitor and analyse their information flows in real-time to achieve greater visibility, increased control over real-time operations as well as improved decision making for greater business precision. Buy-side customers are using the Apama platform to automate a number of aspects of their trading and risk management operations, including:

  • Deploying comprehensive simulations and back-testing environments for development, validation and run-time deployment of alpha-seeking cross-product algorithms;
  • Generating buy-sell signals based on real-time analytics and displaying on screens developed in the Apama product’s dashboard technology;
  • Developing and enforcing pre-trade risk rules across a number of automated trading systems, to protect against operational and market risk conditions;
  • Utilising automated statistical strategies to exploit short-term price anomalies across multiple venues.

The Progress Apama Capital Markets platform extends the Apama CEP engine with a comprehensive, asset-class-neutral framework for development of real-time trading, risk and compliance applications. The platform is the result of more than 10 years experience deploying the Apama product to support a broad range of use cases in production trading environments. This fully-supported offering is unique, combining:

  • The performance and scalability of the most widely-deployed CEP technology in the Capital Markets industry;
  • The Capital Markets Foundation ( CMF) – a library of components for market data processing, order routing, risk management, simulation, back-testing and more;
  • More than 50 certified and supported adapters to market data systems, trading venues and 3rd party applications, including comprehensive support for the FIX protocol with certified configurations for numerous brokers and banks.

Quotes

“We are delighted that the Progress Apama Capital Markets platform has been recognised as the best CEP product. This award demonstrates the extent to which the Progress Apama Capital Markets platform stands out from the competition in the CEP market, allowing customers to benefit from our experience in delivering mission-critical Capital Markets applications powered by Progress for more than a decade” said Dr Richard Bentley, Vice President, Capital Markets for Progress Software. “We have invested heavily in building a strong internal Research & Development team dedicated to our Capital Markets Foundation. As a result buy-side firms can now rapidly deploy and evolve algorithmic trading and risk management functions in response to market opportunities and compliance needs.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs