The company also announced its intentions to integrate its real-time data infrastructure with Apama’s offerings and to expand its sales, service and support for Apama products globally.

Apama’s Algorithmic Trading Strategy Platform, which will be offered through Progress Software (PSC), allows securities traders to explore algorithmic trading strategies that include VWAP (Volume-Weighted Average Pricing), spread trading and index arbitrage, and automated market-making strategies that include real-time foreign exchange and bond pricing.

The product, according to PSC, also enables electronic trading operations to increase their competitive advantage by implementing automated strategies that incorporate their own trading techniques, using Apama-based financial applications that monitor and analyze events from real-time market feeds.

Apama supports direct integration with market data feeds, order management systems, public exchanges, ECNs (Electronic Communications Networks), enterprise integration middleware and databases.