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| Progress Software Launches Apama EventStore Progress Software has announced the launch of Progress Apama EventStore. Apama EventStore is a real-time event data store and replay facility that enables the backtesting of algorithmic trading strategies on historical data. Combined with the power, flexibility and ease of the Apama Algorithmic Trading Platform, it delivers true competitive advantage in today's fast-moving electronic trading markets. Apama EventStore, which is already in use by two leading global investment banks and will be generally available in March 2006, can capture data from a wide range of market data sources, including Reuters, GLTrade, FIX, EBS and Hotspot FXi, as well as from exchange and institution-specific adaptors. EventStore can also capture internally-generated trading information, such as trade confirmations, or derived event streams like a weighted moving average (WMA) or a custom basket of securities. EventStore is integrated into the Apama architecture through the Apama Research Studio. With Apama Research Studio, traders can replay event sequences reflecting any specified time period - a trading hour, day, week, month, or year. Using recorded data from EventStore, the performance of prospective strategies can be simulated to determine how a strategy would respond in certain circumstances. Research Studio also enables traders to conduct 'digital forensics' by stepping through their trading processes, as captured within the Apama EventStore, to analyze wins or losses. This allow financial institutions to analyze the market and their own performance, both to audit existing strategies and to develop new ones. write your comments about the article :: © 2006 Computing News :: home page |