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Friday, March 13, 2009

An(other) industry award for Apama

Posted by Giles Nelson

I’m very pleased to announce that Apama has won the 2009 Technical Analyst award for “Best Automated Trading product”. The awards ceremony took place last night at the Sheraton Park Lane Hotel in London.

The judges not only considered the product itself and the way it was being used in electronic trading but also considered the customers who were using it too, so this is a really fantastic validation of Apama.

Here are some of the key attributes of Apama that were considered by the judges:

  • Apama is (of course) a CEP platform – one thing that that provides is flexibility. Once deployed to run an application such as FX aggregation, Apama can be applied equally well to algorithmically trade equity futures or any other type of asset.
  • Connectivity to a vast range of general software and trading specific systems.
  • Availability of Solution Accelerators for FX aggregation, order routing, algorithmic trading and others providing 90% of an end-user application.
  • Backtesting of trading strategies and ongoing strategy evolution.

For the record, the other finalists were Alphacet, Berkeley Futures (IQ Trader), Patsystems (Pro-Mark), QuantHouse (QuantFACTORY) and TradeStation.

Now, from a CEP technology perspective, this is the significant thing for me. Apama was up against, in quite a focussed industry category, a number of other vendors who do nothing else except build their products for use in capital markets. And yet, Apama won, thus demonstrating the fact that a general purpose CEP platform provides the first-class choice for organisations who want to flexibly deploy a whole range of event-driven applications. That’s great news for all CEP aficionados.

Now, where’s the rest of that bottle of bubbly?


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