Plus-SX deploys Progress Software market surveillance, monitoring solution

Plus-SX begins live operations with their Apama solution in December

London-based Plus Stock Exchange (Plus-SX) has deployed Progress Apama market surveillance and monitoring solution from Progress Software to meet the changing regulatory requirements.

Plus-SX begins live operations with their Apama solution in December.

Progress Software said that by using its Apama Market Surveillance and Monitoring solution accelerator, Plus-SX can detect suspicious trading patterns in real-time. These suspicious trading patterns can often be a result of illegal activities such as insider trading, front running, and rogue algorithms.

Progress Software CTO John Bates said that the FSA, and its successor organizations, will be stepping up their capacity to gather and analyze intelligence from external sources, giving the real-time visibility and upgraded insight they need to be a robust player.

"Apama Market surveillance and monitoring accelerator provides Plus-SX with the performance and flexibility to adapt to regulatory changes and realize the efficiency savings they are looking for," Bates said.