Progress announce 2 new solution accelerators

Simon Holloway

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Published: 30th September, 2011
Content Copyright © 2011 Bloor. All Rights Reserved.

Progress has announced two new solution accelerators: the Progress Apama FX eCommerce solution for banks and brokers, and the Progress Time-in-Transit solution for Supply Chain Managers.

The FX eCommerce solution enables FX dealing banks and brokers to deploy FX eCommerce functions that respond to shifts in liquidity in real-time to increase client order flow and revenues. The new offering will help banks and broker/dealers manage the complexities inherent in building end-to-end eCommerce solutions, including those of dealing, pricing and hedging, while gaining a bird's eye view of the whole market in real-time, and perform cross-venue smart order routing and algorithmic trading.

The FX eCommerce solution leverages existing and new components of Progress Software's Apama Capital Markets Foundation (CMF) product. Among the recent additions to the Progress Apama CMF product are support for market data management through aggregation, synthetic cross-rate calculation and forward-to-spot conversion, as well as enhanced order management support through smart order router and auto-hedger strategy frameworks.

The Time-in-Transit solution provides supply chain managers with real time visibility into their operations and helps them anticipate disruptions, monitor shipping schedules, and mitigate risk. This enables supply chain managers to improve cycle times and to re-sequence their supply chain with unprecedented immediacy. This solution is layered on the Progress Responsive Process Management (RPM) suite providing data capture, integration and automation capabilities.

These two solution accelerators show the strategy that progress have adopted for the provision of business solutions based on top of their infrastructure products.

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