From the Wires
Progress Software Wins Waters Buy-Side Technology Award
By: Business Wire
Nov. 5, 2012 08:32 AM
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:
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:
“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.”
To find out more about the Progress Apama Capital Markets platform, visit our website: http://www.progress.com/en/apama/capital-markets.html?cmpid=pom
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is a global software company that simplifies the development, deployment and management of business applications on-premise or on any Cloud, on any platform, and on any device with minimal IT complexity and low total cost of ownership. Progress Software can be reached at www.progress.com or 1-781-280-4000.
Progress and Apama are trademarks or registered trademarks of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.
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