Sell-Side Technology Awards 2014: Best Sell-Side Complex-Event Processing (CEP) Technology — Software AG (Apama)

This is not Apama’s first visit to the Sell-Side Technology Awards’ winners’ circle—the platform won this category in last year’s inaugural awards, although that was when it was still part of Progress Software, shortly before it was acquired in June last year by Software AG, a Darmstadt, Germany-based provider of enterprise management and analytics software.

Apama, designed to reduce time-to-market for CEP applications through a library of components such as execution algorithms, pricing aggregators, auto-hedgers, third-party quant plug-ins, position and profit-and-loss (P&L) services, and market data handlers, has been well-served by joining Software AG. Since its acquisition, it has incorporated and now features three significant technologies in the area of compute-intensive, real-time applications for sell-side firms. First up is its incorporation of a LLVM or Low Level Virtual Machine compiler, which compiles optimized native machine code, ensuring greater performance from modern architectures, and is especially beneficial for calculation-intensive applications such as real-time pricing of complex instruments. Second is its integration with Terracotta Big Memory, Software AG’s in-memory data management platform, which adds low-latency data enrichment to Apama-based event streams by holding big data in-memory. And finally, Apama is now integrated with Terracotta Universal Messaging, Software AG’s ultra-low-latency messaging platform, all of which allows user-firms to build more advanced applications and perform more complex operations on larger volumes of fast-moving data, while maintaining high and predictable performance at scale.

Added to these three enhancements is the mid-April announcement that Software AG is set to unveil a new market surveillance tool that will allow financial firms to monitor market activity and identify manipulative trading behavior. The tool incorporates the Apama CEP platform, which will let firms  aggregate and analyze high volumes of business, customer interaction, and market data in real time to spot instances of market abuse.

The Software AG Winners' Circle interview can be found here.

Software AG is set to unveil a new market surveillance tool that will allow financial firms to monitor market activity and identify manipulative trading behavior. The tool incorporates the Apama CEP platform, which will let firms aggregate and analyze high volumes of business, customer interaction, and market data in real time to spot instances of market abuse.