Progress and Mootwin Team up to Develop Real Time Apps for Financial Markets

Progress Software Corporation, a global software company that simplifies and enables the development and deployment of business applications, announced today

Progress Software Corporation, a global software company that simplifies and enables the development and deployment of business applications, announced today its partnership with Mootwin. Mootwin, an innovative company specializing in the development of context-aware applications for smartphones and other mobile devices, is using the Progress® Apama® Complex Event Processing (CEP) platform to monitor and analyze securities markets as well as enhance the real-time capabilities of the stock-alert feature within its trading application.

“We are very excited by the partnership with Mootwin. By building their context-aware alert systems on Progress Apama Complex Event Processing platform, Mootwin is able to deliver unique personalization and context-aware applications that scale to millions of users in real time to provide ‘instant’ information.“”

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Mootwin will use the Apama CEP platform to correlate multiple data and triggering events in financial markets. Subscribers of the Mootwin mobile application and service will be able to select a variety of analytical options and graphical displays that best suits them. Based on individual preferences, users can also set up personalized notifications that alert them to trading opportunities or events, almost instantly.

Mootwin’s Mobile Application Platform enables enterprises to quickly develop and deploy user-friendly mobile applications for customers – native, Web, or hybrid, across all channels. These apps provide user-context based real-time information on a resilient network, which enables persistent availability. Mootwin developed its distributed architecture with business logic at the server level along with persistent caching, the most robust and flexible back-end system integration, and a thin layer at the device level.

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John Bates, chief technology officer at Progress Software, said: “We are very excited by the partnership with Mootwin. By building their context-aware alert systems on Progress Apama Complex Event Processing platform, Mootwin is able to deliver unique personalization and context-aware applications that scale to millions of users in real time to provide ‘instant’ information.“

Claude Lemardeley, CEO at Mootwin, said: “The ability to access information and act upon it in real time is a critical competitive factor. The Mobile Application Platform and its turnkey financial business apps are the only technologies that enable customers to quickly develop mobile applications with context-aware, real-time information, and we feel that Progress Software’s Apama solution is an excellent way to support continued advancement of these real-time features.”

Bates continued: “First, the Progress Apama Event Processing Platform comprises a powerful complex event processing (CEP) engine for tracking business event patterns and stream processing; second, it includes a tooling layer, including modeling and profiling, designed for both business and technical users; third, a rich interactive graphical dashboard layer to visualize event processing; fourth, event data management technology that captures and replays event streams and allows you to conduct root-cause analysis and pre-flight testing; fifth, pre-built analytics to help monitor the key performance indicators (KPIs) of a business; and sixth, adapters to event data sources, including messaging, databases, and industry-specific data feeds such as market data.”

The Progress Apama Event Processing Platform is the industry’s leading event processing environment, supporting applications that monitor rapidly moving event streams, detect patterns and take action – with sub-millisecond latency. The Apama CEP technology offers business users a new dimension of real-time analytics, pattern and opportunity recognition, and event management.

Smart phones have been on the increase and FX traders have welcomed trading on the go. Forex Magnates team have written a report on Mobile Trading in FX and CFD markets, available in the forthcoming Q3 quarterly report.

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