Software developer Progress has launched the Progress Apama Risk Firewall, a tool supporting real-time risk management within trading applications. The firewall forms part of the firm’s newly-launched Apama Capital Markets Framework, a set of pre-built capabilities for creating a broad range of capital markets trading applications. The framework is based on the Apama Complex Event Processing (CEP) Platform, and comprises the Apama Algo Trading Accelerator and a range of new trading capabilities.
“The Apama Capital Markets Framework arose from our experience in building real-time trading, risk and compliance applications,” said John Bates, founder and general manager of Apama, in a statement. “That experience is reflected in the new Risk Firewall, which provides traders with the ability to deliver real-time risk evaluations that could pre-empt trades that exceed their firm’s market risk tolerance. Such capabilities are critical to trading effectively in today’s volatile markets.”
In addition to the Risk Firewall, the Apama Capital Markets Framework includes a number of pre-built trading algorithms, a sample trading direct market access dashboard, a deployment framework, and Apama rapid application development and deployment tools, which the firm says support business users and IT developers alike.