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Financial Technologies Alliance Program
 
AllianceFinancial Technologies believes in structuring meaningful partnerships by forming strategic alliances. These partnerships would explore the strengths and leverage the synergies resulting from the combined expertise, resource pool and the network of the alliance partners and Financial Technologies.

Financial Technologies’ Alliance program endeavors to foster such alliances with key players in the financial domain thereby leading to new technological innovations that will shape the Future of Financial markets.

 
Alliances
 
Progress® Apama® Expands Capital Markets Footprint in India
 

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 Progress SoftwareProgress Software Corporation (NASDAQ: PRGS), a global provider of event driven and open application infrastructure software used to develop, deploy, integrate and manage business applications today announced their expansion into India’s Capital Market through a strategic partnership with Financial Technologies (India) Ltd, a global leader in new generation tech-centric financial markets.

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 Financial Technologies will market the Progress® Apama® Capital Markets Framework, a powerful set of pre-built capabilities for creating a broad range of capital markets trading applications. Based on the Apama Complex Event Processing (CEP) Platform, the Apama Capital Markets Framework comprises the Apama Algo Trading Accelerator and a range of new trading capabilities that include the new Apama Risk FirewallTM, which offers support for real-time market risk management within trading applications.

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 Financial Technologies signifies a key milestone in our significant expansion in global Capital Markets. In India, the Capital Markets segment is very dynamic and, with the introduction of DMA almost 12 months ago, an exciting market where new demand for sophisticated and advanced trading technologies is heating up. We will be able to leverage Financial Technologies’ well-established access to more than eighty percent of the Indian brokerage and institutional market.

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 With automation in exchanges and order management systems, brokerage houses are in need of automating their order flows for algorithmic trading through complex event processing engines, which can generate orders based on thousands of input parameters in a split second. Progress® Apama®, a world leader in Complex Event Processing technology will fill in the need.

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 In a recent analysis by IDC, (within a report titled ‘Complex Event Processing (CEP) – Opportunity Analysis and Assessment of Key Products’), the Apama platform achieved the highest cumulative scores in a comparison that included CEP products from several other vendors. The report confirms the Apama product position as a CEP market leader and highlights superior overall performance, functionality, and market penetration.
   
  Press Release  (dated  25th June 2009)
   
Contacts
Parag Ajmera
parag.ajmera@ftindia.com
 		  
   
 
 
 
 
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