Progress Software White Paper Sample

With the general benefits of CEP in mind, this firm evaluated some 15 vendors, using an internal list of key criteria that it deemed necessary for a successful CEP product (see Figure 1). Progress Software’s Apama met the requirements — not least because the Apama Monitor Scrip (its execution language) is similar to Java, and the Apama Event Modeler enables rapid modeling, testing, and delivery of trading strategies, including the capability to create strategies in the Event Modeler.

The Event Modeler then creates the Monitor Scripts for execution, which makes development of trading strategies faster, thereby achieving what the firm wanted to deliver. Finally, there was also the bonus that execution speed occurs in less than milliseconds — even for complex correlations and analyses.