Progress Apama Helps Relative Technologies Achieve a Powerful Trading Infrastructure

  Progress Apama Helps Relative Technologies Achieve a Powerful Trading
  Infrastructure

 Customized Solution Creates Competitive Advantage and Enables Unprecedented
                          Back-testing Capabilities

Business Wire

BEDFORD, Mass. -- April 18, 2013

Australian commodity trading advisor, Relative Technologies has deployed
Progress Software Corporation (NASDAQ: PRGS)’s Apama Capital Markets Platform
as the core of its new trading infrastructure. Progress® Apama® provides
Relative with a resilient infrastructure that is giving the business a
competitive edge in its capabilities for real-time analysis, algorithmic
trading and back-testing using historical data.

The automated algorithmic trading industry is still young, and many of the
technology platforms available to companies employing this method are
immature, proprietary and bespoke in nature. In contrast, Relative
Technologies prides itself on its progressive investment philosophy, which
enables it to perform well in volatile markets. To remain at the forefront of
the industry, the company has been focused on employing the most advanced
technologies available since it was founded in 2009.

Relative Technologies utilizes automated statistical strategies to exploit
price anomalies of Futures listed on the CME Group exchanges. With increasing
focus on responding faster and with greater insight to dynamic global markets,
Relative Technologies needed a platform that can tighten the feedback loop
between research and execution which is a great advantage when developing
short-term trading algorithms.

To meet their business needs, Relative Technologies deployed the Progress
Apama Capital Markets Platform. The solution extends the Apama complex event
processing engine with a comprehensive, asset-class-neutral framework for
development of real-time trading applications. This unique, fully-supported
offering, combines performance and scalability with the Apama Capital Markets
Foundation (CMF); an extensive repository of components for market data
processing, order routing, risk management, simulation, back-testing and more.

Relative Technologies looks to further exploit the cross-asset support in the
Apama platform to manage other quantitative funds, trading new asset-classes
on different Exchanges and over-the-counter venues.

Supporting Quotes:

Relative Technologies chief investment officer Hugh McGuire, said, “Relative
Technologies has a small and highly motivated team, so we are always looking
for innovative solutions that give us an advantage. The biggest draw-card that
attracted us to Progress Apama was the Capital Markets Foundation, a
comprehensive toolkit of components that has helped us quickly and easily
build code to acquire more liquidity in a much shorter timeframe.

Progress Apama development headquarters in Cambridge, UK, also regularly
collaborates with us to ensure the solution continues to meet our needs, and
it’s clear to us that their focus for product development is to serve the best
interests of customers.”

Dr. Richard Bentley, Progress Software’s vice president of Capital Markets,
added “We are thrilled to be working with Relative Technologies. Relative
Technologies is exactly the kind of innovative firm the Apama Capital Markets
Platform is designed for. Our recent award of Best CEP for the Buy-Side by
Waters Technology shows how clients like Relative Technologies are staying
ahead of the game with Apama.”

About Relative Technologies

Relative Technologiesis an Australian commodity trading advisor. It trades
global futures and foreign exchange on electronic marketplaces, using
automated trading methods. Strategies revolve around various statistical
methods over short periods of time to generate consistent returns with
manageable volatility. For more information, visit
www.relativetechnologies.com.

About Progress Software Corporation

Progress Software Corporation(NASDAQ: PRGS) is a global software company that
simplifies the development, deployment and management of business applications
on-premise or in the cloud, on any platform or device,to any data
source,with enhanced performance, minimal IT complexity and low total cost of
ownership. Progress Software can be reached atwww.progress.comor
1-781-280-4000.

Follow Progress Software on Twitter: @ProgressSW

Progress and Apama are trademarks or registered trademarks of Progress
Software Corporation or one of its subsidiaries or affiliates in the U.S. and
other countries. Any other names contained herein may be trademarks of their
respective owners.

Contact:

Progress Software
Rick Lacroix, +1-781-280-4604
rlacroix@progress.com
or
LEWIS PR
Lillian Dunlap, +1-617-226-8840
progresssoftware@lewispr.com
 
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