CQG, a charting, analytics and trade routing platform for global futures, will employ Progress Software’s Progress Apama complex event processing (CEP) platform to deliver execution services to its clients. The offering provides users with the ability to automatically execute trades that have been signalled within CQG’s analysis tools, using tailored algorithms offered through the Apama platform.
The Apama platform supports applications that monitor rapidly moving event streams, detecting patterns and initiating action with sub-millisecond latency. The Apama CEP technology offers real-time analytics, pattern and opportunity recognition, and event management.
“In this volatile economy, the ability to identify trading opportunities and rapidly execute on those opportunities algorithmically is something that every trader needs,” said Dr. John Bates, founder and general manager, Apama division, Progress Software, in a statement. “By integrating the Apama platform with CQG’s charting and analytic tools, we are offering a powerful tool for traders, allowing them to quickly capitalise on CQG’s charting tools with real-time trade execution.”
Josef Schroeter, president, CQG, added, “In a tumultuous market, traders need to make quick decisions, and volatility can greatly magnify the consequences of those decisions. By empowering our users with the ability to develop unique trading strategies, we are arming them with the tools they need to act quickly, decisively and intelligently in order to remain competitive in an uncertain time.”