ObjectStore Trading Accelerator Delivers Real-Time Event Processing of Market Feeds for Financial Trading.BEDFORD, Mass. -- Querying Real-Time Market Events Along with Historical Data Enables Sophisticated Trading Strategies, Including Program Trading program trading, a form of securities trading, also known as index arbitrage. Program traders exploit the price discrepancies between indexes of stocks and futures contracts by using sophisticated computer models to hedge positions. ObjectStore, a leader in products for real-time data services, and an operating company operating company A business that engages in transactions with outsiders. of Progress Software Corporation (Nasdaq: PRGS PRGS Phosphoribosylglycinamide Synthetase ), today announced a major update to ObjectStore(R) Trading Accelerator(TM), which provides financial trading houses with real-time market data capture, query and management, integrated with historical market data. With its newly available Event Query Language (EQL EqL - An equational language. Bharat Jayaraman <bharat@cs.buffalo.edu>. "EqL: The Language and its Implementation", B. Jayaraman et al, IEEE Trans Soft Eng SE-15(6):771-780 (June 1989). ), ObjectStore Trading Accelerator allows trading houses to apply sophisticated "what-if" scenarios and analytics on incoming data sources and execute such real-time trading strategies as volume weighted average pricing (VWAP VWAP The volume-weighted average price. ) analysis and program trading. ObjectStore Trading Accelerator features a "tick database" that can track market data from market feeds such as Reuters, Bloomberg and other financial information services See Information Systems. . It captures this data at speeds up to 50,000 events a second, with sub-second latency. Financial traders can use this data in simple EQL queries to compare values with historical and descriptive reference data. For example, a trader may define a trading rule that generates an action when a series of values are attained or breached (e.g. generate a buy order when "a specified equity Price is greater than $75 and Volume is greater than 10,000 over the last ten minutes"). "ObjectStore Trading Accelerator delivers a trading architecture with the performance and scalability so crucial for trading houses seeking to move from T+1 to straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. )," said Peter Sliwkowski, president, ObjectStore. "By delivering the ability to analyze and execute in real-time against existing and historical market data, ObjectStore Trading Accelerator ensures that financial traders optimize their trading processes for both speed and accuracy." Facilitating Real-Time Trading and Market Data Management ObjectStore Trading Accelerator has the ability to simultaneously collect, organize and query real-time data by leveraging three main components: --Query Server provides a native EQL interface for real-time analysis of event stream data. Trading applications written in C++ or Java(TM) can call the EQL interface, either directly or through JMS (Java Messaging Service) A programming interface (API) from Sun for connecting Java programs to messaging middleware such as IBM's MQSeries and TIBCO's Rendezvous. JMS is part of Sun's J2EE platform. See J2EE. JMS - Java Message Service using SonicMQ(R), without performance impact on the event capture process. --Collector captures the event data supplied by the feeds in real time and inserts it into a persistent store for greater recoverability than traditional in-memory systems. --Archiver organizes and indexes the data for efficient use, and re-orders out-of-sequence data in the background for maximum performance. ObjectStore Trading Accelerator is built on the ObjectStore Event Engine(TM), a real-time data management product for capturing streaming event data. The ObjectStore Event Engine provides event-driven applications with a reliable way to manage high-volume, high-velocity data and concurrently execute real-time queries on those event streams. The Cache-Forward(TM) Architecture (CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. ) of the ObjectStore Event Engine provides the high-performance, in-memory data capture, data persistence and ACID properties needed to ensure the availability, reliability and recoverability of financial trading applications. This architecture also delivers the scalability needed to handle high-speed, high-velocity market data at in-memory speeds while maintaining a multi-terabyte data store of event data. ObjectStore Trading Accelerator can execute analytics in real time against captured event stream data, such as real-time VWAP. In conjunction with ObjectStore's caching technology, it enables traders to leverage portfolio or other trading reference data, providing support for in-memory concurrent query access. Availability and Pricing ObjectStore Trading Accelerator can be deployed on a variety of platforms and is currently shipping. Pricing starts at $50,000 per CPU CPU in full central processing unit Principal component of a digital computer, composed of a control unit, an instruction-decoding unit, and an arithmetic-logic unit. for development licenses. About ObjectStore ObjectStore is a global provider of real-time data management products. Its products enable corporate data caching and complex event processing Complex Event Processing, or CEP, is a technology for building and managing event-driven information systems. CEP is primarily an event processing concept that deals with the task of processing multiple events from an event cloud with the goal of identifying the meaningful , and its leading object database is renowned for performance and scalability. ObjectStore(R) products are supporting RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. implementations, and are deployed in industries such as finance, telecommunications and travel, where companies rely on them to complement their corporate data management infrastructure. ObjectStore is an operating company of Progress Software Corporation (Nasdaq: PRGS), a $300+ million global software industry leader. Headquartered in Bedford, Mass., ObjectStore can be reached on the Web at http://www.objectstore.net or by phone at +1-781-280-4000. About Progress Software Corporation Progress Software Corporation (Nasdaq: PRGS) is a $300+ million global software industry leader. PSC (Public Service Commission) Same as PUC. supplies technologies for all aspects of the development, deployment, integration and management of business applications through its operating companies: Progress Software, Sonic Software Corporation, DataDirect Technologies, ObjectStore and PeerDirect. Headquartered in Bedford, Mass., PSC can be reached on the Web at http://www.progress.com or by phone at +1-781-280-4000. ObjectStore, ObjectStore Event Engine, ObjectStore Trading Accelerator and Cache-Forward are trademarks or registered trademarks of Progress Software Corporation in the U.S. and other countries. SonicMQ is a registered trademark of Sonic Software Corporation in the U.S. and other countries. Java and all Java-based marks are trademarks or service marks of Sun Microsystems, Inc. in the U.S. and other countries. Any other trademarks or service marks contained herein are the property of their respective owners. |
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