Progress Apama became part of Progress Software via the acquisition of the former Apama LTD in April of 2005. Apama is the core technology foundation for Progress’ initiatives in CEP and the company’s go-to-market initiatives that leverage that CEP platform in capital markets for the following “daily bread” actions: algorithmic trading, market aggregation, real-time pricing, smart order routing, and market surveillance.
Prior to its acquisition by Progress Software, Apama had a few dozen customers in London, New York, and Boston. Today, however, after leveraging the global parent’s infrastructure, Apama is marketed and sold in all the major financial centers in the world.
Apama was founded in 1999 in Cambridge (UK), by John Bates and Giles Nelson. Fellow Cantabrigians and CEP visionaries Bates and Nelson are co-holders of the patents on Apama’s core technology, which is a commercially-productized expression of their efforts to create a platform for the unique characteristics of “event-based” applications.
Originally, Apama had set out to try and resolve a number of telecommunications-based real-time mobility issues, but had then realized that there were additional commercial opportunities in a wide range of environments. As a result, the company has historically focused on financial markets and specifically financial trading systems where real-time event-based trading systems are in high demand.
The capital markets segment has indeed proven to be an early proof point for the Apama CEP platform. Apama’s design philosophy and architecture were intended to provide a platform that allows traders to quickly develop and deploy distinctive proprietary strategies that exploit these opportunities and mitigate risks.
In addition to the above-mentioned CEP applications in capital markets, other current (or future) uses in the segment are the following: commodities trading, bonds trading and pricing, foreign exchange (Forex) aggregation and algorithms, futures exchange and options algorithms, equities trading, cross-asset trading, real-time risk management, broker algorithms, news-driven algorithms, and so on.
Prior to its acquisition by Progress Software, Apama had a few dozen customers in London, New York, and Boston. Today, however, after leveraging the global parent’s infrastructure, Apama is marketed and sold in all the major financial centers in the world.
Apama was founded in 1999 in Cambridge (UK), by John Bates and Giles Nelson. Fellow Cantabrigians and CEP visionaries Bates and Nelson are co-holders of the patents on Apama’s core technology, which is a commercially-productized expression of their efforts to create a platform for the unique characteristics of “event-based” applications.
Originally, Apama had set out to try and resolve a number of telecommunications-based real-time mobility issues, but had then realized that there were additional commercial opportunities in a wide range of environments. As a result, the company has historically focused on financial markets and specifically financial trading systems where real-time event-based trading systems are in high demand.
The capital markets segment has indeed proven to be an early proof point for the Apama CEP platform. Apama’s design philosophy and architecture were intended to provide a platform that allows traders to quickly develop and deploy distinctive proprietary strategies that exploit these opportunities and mitigate risks.
In addition to the above-mentioned CEP applications in capital markets, other current (or future) uses in the segment are the following: commodities trading, bonds trading and pricing, foreign exchange (Forex) aggregation and algorithms, futures exchange and options algorithms, equities trading, cross-asset trading, real-time risk management, broker algorithms, news-driven algorithms, and so on.
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