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Progress Software
09-09-2008 08:58 AM
&amp ;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;lt;!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:& amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;quot;&am p;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;am p;amp;amp;amp;amp;amp;amp;quot;; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:Arial; mso-fareast-font-family:& amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;quot;Times New Roman&am p;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;quot;;}@page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;}div.Section1 {page:Section1;}--&amp ;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;gt;Colleague Giles Nelsonrecently commented on the fixation on TLAs and their meanings - a fixation that has seemed to dominate the CEP market's online discussion of late. Hesuggests that it obscures what is important in terms of coming to appreciate what is really the value of CEP. I tend to agree, though it can be entertaining to monitor the lively - but not necessarily illuminating -debate about internet routers and what kind of router best serves as a metaphorfor CEP.

But rather than dwell on real or metaphorical routers, I'll attempt here to interject a bit more substantive news - another Apamacustomer win, this time the Bank of China. Forpurposes of this posting lets call them BOCI (Bank of China International Holdings) to ensure this posting has enough TLA critical mass - though admittedly, BOCI is really an FLA. BOCI has chosen the Progress Apama CEP platform to support algorithmic trading inequities, futures, futures indices, warrants and bonds. With Apama they can receive marketdata concurrently from both SEHK and HKFE (the Hong Kong Stock and Futures Exchanges respectively) and algorithmically place orders into differentsub-markets on these exchanges.

Now, there may be some debatesomewhere as to whether this is really CEP. Wecannot always provide details regarding the specifics of what a client does; in some instances theclient does not share that detail, as they deem it too proprietary and valuableto their business. But the intricaciesof trading in such complex markets (with transient liquidity and the need toact quickly in order to capitalize on that liquidity) make these applicationsexcellent CEP use cases. Not all tradingapplications may represent CEP, but these applications indeed qualify.



TLAs vs. TLIs

On a side note, kudos toGiles Nelson for his posting's reference to "initialisms" vs acronyms. It prompted a bit of research on the differences between acronyms and initialisms. As it turns out, BOCI is an initialism, not anacronym. Likewise, so is CEP and perhaps many of the common shorthand abbreviations that dominate technology. If BOCI were an acronym, you would say it like the Italian game: bocce.




So, as far as Apama is concerned, the choices are





























Our BOCI is on the left. :-)


























































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