Progress Apama CEP Powers RealTime Trading for CQG

Progress Software Corp. has announced that CQG, a charting, analytics, and trade routing platform for global futures markets, will use its Apama complexevent processing CEP platform to deliver advanced execution capabilities to traders.

Tags: Apama, Apama Platform, Market, Trading, Traders, Execution, CEP,


Progress Software Corp. has announced that CQG, a charting, analytics, and trade routing platform for global futures markets, will use its Apama complexevent processing CEP platform to deliver advanced execution capabilities to traders.

Apama's latest features enable CQG users to automatically execute trades that have been signaled within CQG's analysis tools, invoking tailored algorithms offered through the Apama platform, according to Progress and CQG officials.

Progress' Apama CEP platform supports applications that monitor rapidly moving event streams, detecting patterns and initiating action—now with submillisecond latency, the company said. Apama's CEP technology offers business users a new dimension of realtime analytics, pattern and opportunity recognition, and event management.

"In this volatile economy, the ability to identify trading opportunities and rapidly execute on those opportunities algorithmically is something that every trader needs," said John Bates, founder and general manager, Apama division of Progress, in a statement. "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 realtime trade execution."

The Apama platform supports a range of applications that include algorithmic trading, market aggregation, smart order routing, pricing and market surveillance and it's 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, Apama's Bates added.

CQG President Josef Schroeter, noted that the evolution in trading market environments over the recent past had driven his exploration into more sophisticated CEPbased computing options for his clients, and noted Apama's ability to meet the needs of an everdemanding client base.

"In a tumultuous market, traders need to make quick decisions, and volatility can greatly magnify the consequences of those decisions," Schroeter said in the statement. "By empowering our users with the ability to develop unique trading strategies, we are arming them with the tools they need to act quickly, decisively and intelligently in order to remain competitive in an uncertain time."




back