The somewhat 'inofficial Progress Software Blog'

Progress Software Corporation (NASDAQ: PRGS, 1-781-280-4000) provides application infrastructure software for the development, deployment, integration and management of business applications. Progress products and technology are used at over 60,000 organizations in 140 countries including 90% of the Fortune 500.


Index

DataDirect releases Connect64® for SSIS

DataDirect brings high performance data connectivity to SSIS packages accessing Oracle, DB2, and Sybase. [Shrink]

CERN Selects Progress Software's Sonic Platform

The world's largest particle physics laboratory uses SonicMQ to monitor and control complex technical infrastructure. [Shrink]

PSC SaaS-Enables Apama Algorithmic Trading Platform

Market-leading Apama(R) SaaS Platform delivers competitive edge to sell-side firms to attract buy-side clients in capital markets. [Shrink]



DataDirect releases Connect64® for SSIS

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Tuesday, June 05, 2007

DataDirect Technologies, a Progress company and matchless leader in data connectivity and mainframe integration, today introduced Connect64® for SSIS. The new product offers support for every phase of the SQL Server Integration Services (SSIS) application life cycle. DataDirect Connect64 for SSIS will enable development, deployment and 32-bit or 64-bit runtime execution of Microsoft SSIS packages for non-SQL Server databases including Sybase, Oracle and DB2. DataDirect Connect64 for SSIS is currently available for the Sybase database platform, and will soon support Oracle and DB2.

Microsoft SQL Server Integration Services is a popular platform for building high performance data integration solutions including Extraction, Transformation and Load (ETL) packages for data warehousing. Due to the memory-intensive nature of SSIS design, packages perform best when executed in 64-bit mode. As such, DataDirect Connect64 for SSIS will allow 64-bit execution of SSIS packages that access Sybase, Oracle and DB2. Common SSIS development tools only support 32-bit packages, leaving developers in a lurch when they wish to reap the performance benefits of deploying on 64-bit platforms. Unlike other alternatives, DataDirect Connect64 for SSIS will support both 32-bit and 64-bit deployment scenarios.

Using the same high-performance wire protocol design of DataDirect Technologies' market-leading ODBC drivers, the clientless architecture eliminates the need to install and configure database client libraries on each platform where the packages will be deployed. DataDirect Technologies' unique architecture allows the DataDirect Connect64 for SSIS product to support multiple versions of each database and connect directly to the desired database, thereby simplifying installation and administration while creating the best possible execution runtime performance.

"Because almost all SSIS development and debugging will use the Microsoft BI Development Studio which can only load 32-bit drivers, DataDirect Connect64 for SSIS will bridge the connectivity gap for Oracle, DB2 and Sybase users looking to execute in 64-bit mode," said Bob Beauchemin, data access expert and prominent author on ADO.NET, OLE DB, ADO, SQL Server application development and Java Data Access. "Using 64-bit mode for SSIS packages will result in more available linear memory, which translates into faster execution and data transformation - making 64-bit support for any data source a plus and the DataDirect Connect64 for SSIS providers a reliable and robust solution."

For organizations that utilize the Microsoft SQL Server Business Intelligence Development Studio to develop new SSIS packages or migrate old Data Transformation Services (DTS) packages to SSIS in 64-bit mode, DataDirect Connect64 for SSIS also contains a 32-bit OLE DB provider to meet the requirements of the BI-Studio. By providing a matched set of 32-bit and 64-bit providers for each database that must be accessed, packages developed using the BI-Studio can be easily run in either 32-bit or 64-bit mode.

"As more enterprises look to develop SSIS packages for Sybase, Oracle and DB2 and run them in 64-bit mode for optimal performance, DataDirect is there to offer the very best in database connectivity," said John Goodson, vice president of product operations for DataDirect Technologies. "Because of its clientless, wire protocol architecture, DataDirect Connect64 for SSIS goes a step further than other offerings, allowing the deployment of multiple SSIS packages that require access to different versions of a database - helping organizations avoid the time and expense involved in package retesting and re-qualification."

More information about the DataDirect Connect64 for SSIS product will be available at Microsoft Tech--Ed 2007, the premier annual conference for IT professionals and developers being held June 4-8 in Orlando, Florida. Visit the DataDirect Technologies' conference booth, #829 or go to the product home page to download a free 15-day evaluation copy.



CERN Selects Progress Software's Sonic Platform

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Wednesday, May 30, 2007

Progress Software Corporation today announced that CERN, the world's largest physics laboratory and particle accelerator, has chosen Progress® SonicMQ® for mission-critical message delivery.

Scientists at CERN1 use enormous machines to search for the building blocks of matter that explain the origins of the universe. As CERN builds the world's largest particle accelerator - the LHC (Large Hadron Collider), located within a circular tunnel 27 km in circumference - it requires extreme precision and a reliable IT infrastructure. CERN's IT system collects data from a broad range of different, widely distributed systems, and forwards control instructions to systems based on a standardized communication protocol. SonicMQ unites the disparate data and systems without disruption of service, enabling data to flow continuously to support CERN's ongoing research efforts.

CERN's wide range of systems are centrally controlled and monitored around the clock by the Technical Infrastructure Monitoring (TIM) system within the CERN Control Center. The TIM system requires robust messaging middleware to ensure that CERN's technical infrastructure, such as the cryogenic and vacuum systems that operate the colliders, are up-and-running without downtime or fatal incident.

SonicMQ is the industry's most robust and resilient standards-based enterprise messaging system, delivering unmatched service availability, high performance, exceptional management capabilities and unsurpassed scalability for vast and sophisticated enterprise deployments. SonicMQ also provides the communications infrastructure for the market-leading Progress Sonic ESB.

"We chose SonicMQ to form the communications backbone of our technical infrastructure monitoring for its performance and scalability, and for its flexible configuration options," said Peter Sollander, Technical Infrastructure Operations Department Manager at CERN. "We also received the best possible support from Progress Software during our tests and subsequent design work for the solution. The solution has proven very reliable."

"CERN's complex research cannot afford to be halted due to technology infrastructure failure of any kind," said Hub Vandervoort, CTO of Progress Software's Enterprise Infrastructure Division. "SonicMQ features a message delivery system that ensures messages are never lost due to software, network, or hardware failure. Organizations like CERN can depend on Sonic for their most complex business transactions and mission-critical communications--whether they are discovering the origins of the universe or simply taking a customer order--guaranteed."




1

CERN (European Organization for Nuclear Research) was founded in Geneva on 29 September 1954 and currently has 20 member states. With around 2500 employees, CERN is the world's largest research center for particle physics. In addition, over 8000 scientists from around the world use CERN's facilities to find answers to fundamental questions about our universe. CERN is currently building the world's largest particle accelerator, the LHC (Large Hadron Collider), with a circumference of 27 km. The LHC will become operational in 2007.




PSC SaaS-Enables Apama Algorithmic Trading Platform

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Wednesday, May 23, 2007

Progress Software Corporation today announced that it has Software as a Service (SaaS)-enabled its Progress® Apama® Algorithmic Trading Platform to enable sell-side brokerage firms to offer both black box and completely customizable white box1 trading capabilities as a service to their buy-side clients. Apama maximizes the use of SaaS through:
• its rich, graphical, web-based dashboards;
• a new API that allows trading scenarios to be initiated and monitored from remote locations; and
• its native ability to rapidly create client-specific white box trading algorithms.

Using the SaaS model allows sell-side firms to more easily and swiftly deploy and customize Apama's white box trading strategies. The ability to customize Apama strategies allows sell-side brokers to develop their own interfaces and trading algorithms as part of bundled offerings made available to their buy-side clients. Sell-side firms can now more easily deploy and manage these innovative algorithmic trading strategies, and make them available remotely. With the Apama offering, they can also attract new buy-side clients by offering them access, as a service, to an innovative new trading platform.

Buy-side clients can now enjoy the benefits of being able to calculate more quickly the best stocks to trade and investments to make. Buy-side firms can access trading strategies recommended by sell-side firms, customizing those strategies to suit their own investment criteria. Additionally, the Apama SaaS platform is an intuitive, easy-to-use, low cost application that does not require continuous reliance on an IT department.

The Apama platform is the industry's first open, customizable algorithmic trading platform offered as SaaS. Included with the platform are a core set of pre-packaged, customizable, algorithmic trading screens, trading algorithms, and connectivity to the equities, foreign exchange, fixed income, and derivatives markets.

Christer Wennerberg, business development E-TCM, Skandinaviska Enskilda Banken (SEB), comments: "By taking a Software-as-a-Service approach at SEB, we can offer our buy-side analyst and trader clients a next generation, web-based, algorithmic trading solution that will give them an edge over their competitors. Our clients can quickly and easily roll out of their own unique algorithmic trading strategies, back-test these strategies to gauge their effectiveness and alter them once live in the market, improve their risk management measures and optimize their pricing benefits."

Apama SmartBlocks™, which are pre-packaged functions that include such algorithms as VWAP2, EWPA, MACD3 and others, can be included as part of a service delivery. SmartBlocks permit firms to reuse algorithms in different trading strategies or asset classes, as well as enabling brokers to create customized algorithms for each buy-side client. Brokerages can now provide more personalized algorithms that are tailored to the unique needs of each individual client.

The Apama Algorithmic Trading Platform has been adopted by leading brokerages, such as JP Morgan, SEB, Finamex, and Koscom (localized for Korea); the SaaS offering is also available through Progress Apama partner ULLINK, maker of the Odisys order management system.

Dr John Bates, founder and vice president, Apama Products, Progress Software, adds: "The relationship between sell-side institutions and the buy-side has been changing rapidly. The Apama SaaS option allows the sell-side to provide different levels of service to their buy-side clients. For example, it is possible for sell-side firms to offer one level of service where they provide 'black-box' trading to the buy-side; another level could include the ability to customize algorithms to the needs of the buy-side firm; or the ultimate offering could be where the sell-side firm provides the source for their custom algorithms via Apama SmartBlocks, which will enable the buy-side firm to create their own strategies and evolve, back test, and deploy new trading strategies, while retaining the advantage of broker supported connectivity and algorithms. It's a win-win business and technical model for sell-side and the buy-side firms."




1

A 'white box' trading tool is a computer program which contains algorithmic formulas and calculations that a trader can see and customize. A White box trading tool is often used to determine optimal trading practices, and generates many different types of data including buy and sell signals. The opposite of this is a 'Black Box' system, which cannot be seen by the user and cannot be customized.

2

VWAP (Volume Weighted Average Price) is a trading benchmark. VWAP is calculated by adding up the dollars traded for every transaction (price multiplied by number of shares traded) and then dividing by the total shares traded for the day.

3

MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator showing the relationship between two moving averages of prices. The MACD is calculated by subtracting the 26-day exponential moving average (EMA) from the 12-day EMA. A nine-day EMA of the MACD, called the "signal line", is then plotted on top of the MACD, functioning as a trigger for buy and sell signals.




Author: Progress Software Copr.
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