RESTON, Va.--(BUSINESS WIRE)--Software AG (Frankfurt TecDAX: SOW) rolled out its new Apama Market Surveillance solution (R5.2) at the TradeTech exhibition and conference today in Paris. This new release includes radically simplified administration of highly localized surveillance, for example surveillance by business line, by department, by geography and even down to the individual trader or client.
A common concern among regulators and banks is their ability to build preventative defenses in the wake of bank failures and colossal losses by ’rogue’ traders. The Apama Market Surveillance solution offers investment banks and brokers a far greater level of control over their exact surveillance logic as well as the ability to survey the market to a greater degree of granularity than ever before.
Rebecca Healey, European Consultant to Tabb Group, said: “Impending stringent new regulations and the introduction of criminal sanctions for the first time mean many firms will urgently need to address their surveillance strategies. This is no easy task – market abuse is not just a question of spotting the next Nick Leeson – increasingly it is a highly complicated activity requiring complex, highly-sophisticated systems. The deluge of new data alone will create challenges in holistically mapping flows across products and venues, testing storage capacity and ease of access. Getting hold of the right information at the right time will differentiate those able to read through the noise to establish exactly what is happening where and when – no firm can afford to discover they are responsible for the next Libor.”
Dr. John Bates, head of industry solutions & member of Group Executive Board, Software AG, noted: “This continuing oversight and control creates the need for more powerful ‘total surveillance’ capabilities that can be quickly and easily implemented across all financial services. The Apama Market Surveillance and Monitoring solution enables compliance officers and traders to respond quickly to regulatory changes or split-second market anomalies, making the difference between being perceived as trustworthy, or as the next bank heading towards to a headline-making crisis.”
Additional features in this new release include:
- Increased flexibility of alert configuration and parameterization that reduces false positives
- New scenario templates for the FX market added to Software AG’s extensive alert catalogue
- User interface enhancements to improve workflow and a modern look and feel
- Ability to correlate and monitor patterns across data streams within structured trading data and unstructured communications data
Software AG converges multiple technologies to deliver a next generation market surveillance capability which is more powerful than anything else available today in the market; including in-memory data management, analytics and decision tools.
In-memory data management comprises high performance messaging and in-memory data grids that enable fast-moving data to be collected and made memory resident. This allows the data to be highly available and analyzed in milliseconds. At the core of the solution is a complex event processing (CEP) engine that enables the data to be analyzed as it is collected with patterns designating relationships between data items (or trading events). An analytics dashboard presents all FX benchmark alerts visually as heat maps, graphs and other intuitive representations.
The leading solution for high velocity Capital Markets applications, Apama is a comprehensive complex event processing (CEP)-based system for building sophisticated multi-asset applications for low latency trading, risk and compliance. With its combination of development ease and deployment power, the Apama solution is unmatched in financial markets and is deployed in over 40 trading institutions including 8 of the top tier one banks, including Unicredit, Royal Bank of Canada and ANZ bank.
About Software AG
Software AG (Frankfurt TecDAX: SOW) helps organizations achieve their business objectives faster. The company's big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a leader in 14 market categories, fueled by core product families Adabas-Natural, ARIS, Alfabet, Apama, Terracotta and webMethods. Software AG has more than 4,400 employees in 70 countries and had revenues of €858 million in 2014. Learn more at www.softwareag.com
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