ABN Amro has installed a trading rules engine and suite of dealing tools developed by UK-based Apama to support its equity execution services.
The bank's trading strategy management engine and auto-trade tools were built using Apama's Event Manager, Scalability and Management Environment (SME), and Platform Development Environment (PDE) products.
Originally deployed as a proof of concept in December 2003, the technology was developed as a production application and went live in January 2004.
Gijsbert de Lange, head of advanced execution services, ABN Amro, says: "We needed to introduce a common, real-time technology platform which integrated easily with our existing technologies and would allow us to develop and introduce individual electronic trading applications quickly and easily."
The initial roll-out required connectivity to ABN AMRO's existing infrastructure, including direct connectivity to MS SQL Server, interfaces to GL Trade, Royal Blue and Reuters data feeds and integration with proprietary applications. The Apama system is running on the Microsoft Windows 2000 Server.
Apama says commercial clients will benefit from the bank's ability to place large programs in the market at intervals and according to dynamic trading rules, as well as manage and modify orders in real-time.
The bank says it also intends to use Apama's API technology to develop a range of real-time, automated trading tools that integrate with its existing trading user interfaces and back-end systems.