Progress Apama Improves Real-Time Trading for ICE

Traders using IntercontinentalExchange (ICE) global future exchanges, now have improved automated connections for designing, predicting and executing trades in real-time due thanks to upgrades from Progress Software’s Apama platform for complex event processing.

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Traders using IntercontinentalExchange (ICE) global future exchanges, now have improved automated connections for designing, predicting and executing trades in real-time due thanks to upgrades from Progress Software’s Apama platform for complex event processing.  

The latest Progress Apama platform allows ICE traders to process market data, route orders, and gain tap into need ICE real-time market data and other resources to conduct more complex algorithmic trading and risk strategies, company executives said.

With a suite of SOA-based integrated technologies for data monitoring, management and smart console dashboarding, Apama enables capital markets firms to quickly develop and implement differentiated strategies that leverage their own trading ideas and proprietary data, models and so on.

Further, Apama implements a CEP architecture that can monitor real-time data, such as market feeds and electronic news. Apama also offers sub-millisecond responsiveness, which is sustainable even at market data volumes as high as tens of thousands of events per second (and when concurrent strategies reach into the thousands).

For ICE traders, the latest Progress Apama:

  • Leverages ICE's latest low-latency multicast data feed (impact) so traders can incorporate real-time market data into their strategies powered by Apama for customized automated trading.
  • Provides out-of-the-box ICE-specific connectivity adapters for Apama. These adapters specially built to support ICE protocols and other data stream specifications, and will save trading houses weeks or months building their own ICE connectivity adapters.

 

Progress officials said its new connectivity aims to provide futures traders more flexible algorithmic trading capabilities.  “The commodity markets tend to be more complex than other asset classes, due to the inherent volatility and numerous inputs to pricing,” said John Bates, founder and general manager of Progress Software’s Apama division. 

An ICE official said the latest Apama-ICE connectivity will address traders’ demand for mature electronic trading technologies in futures markets. “It provides our customers with access to an established, trusted solution and compliments ICE’s strategy to lead by ensuring market participants have access to innovative technology in order to meet their trading and risk management needs,” said Martin Wadhwani, Managing Director, ICE Data and ICE European Sales in a statement.




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