Apama upgrade simplifies, accelerates algo creation

Apama, the algorithmic trading and complex event processing division of Progress Software, has launched version 4.2 of its event processing platform, which is designed to make it easier for non-technical users to develop faster and more powerful algorithms.
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Apama, the algorithmic trading and complex event processing division of Progress Software, has launched version 4.2 of its event processing platform, which is designed to make it easier for non-technical users to develop faster and more powerful algorithms.

The Apama platform is used by financial institutions to develop event-driven applications, including trading algorithms and market surveillance tools. Clients include J.P. Morgan, Deutsche Bank and the UK Financial Services Authority.

The 4.2 release extends the capabilities of the Apama Parallel Correlator, launched in April, which allows Apama applications to take advantage of multi-core, multi-processor hardware. According to Apama, the tool has achieved seven-fold performance improvements.

Version 4.2 of the Apama platform allows users to access multi-core processing capabilities with a single click in the Apama Event Modeler, avoiding complications that can arise when building specific multi-core applications and thus making it easier for non-technical staff to add multi-core power to Apama applications.

Apama 4.2 also extends the Apama Studio development environment with enhanced debugging and application tuning services, and increases support for the Java programming language.

The new version introduces new direct connectivity to both relational and event/tick databases via the Apama Database Connector and its supporting application, the Apama Data Player.

Customers now have a wide range of data stores, including standard SQL databases and industry-specific products such as Vhayu Velocity and KX Corporation, available for the capture and replay of event streams.

“Apama remains unique in the industry with its ability to bring the power of event processing to both business and IT users,” said Dr John Bates, founder and general manager of Apama, in a statement. “This two-pronged approach is key to delivering event-driven applications that will allow organisations to be operationally responsive.”

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