Bedford, Mass. - Chinese futures broker Nanhua Futures has selected the Progress® Apama Algorithmic Trading Platform as part of its plans to drive more overseas business.

Nanhua Futures selected the Progress Apama platform to provide its institutional investors with the ability to connect to more international markets. The solution will provide a platform which will offer access to overseas markets and enable Nanhua Futures to connect to the Chicago Mercantile Exchange (CME) and other exchanges.

David Luo, CEO of Nanhua Futures said: "As a truly innovative futures company, we're always looking for ways that we can add value through diversified offerings to our clients. We believe that the Progress Apama trading platform will allow us to build on our recent growth, by offering more flexibility and choice to our customers. It will also play a key role in helping us to gain a competitive advantage, by allowing us to provide a unique level of access to international markets, that our competitors aren't able to match."

Dr. Richard Bentley, vice president, capital markets, Progress Software said: "We are delighted that Nanhua Futures has selected the Progress Apama platform to strengthen its algorithmic trading capabilities. The richness of the Apama platform will not only provide greater access to international markets, but will also provide traders with the tools they need to continuously seek out the right liquidity and develop and execute trading strategies more rapidly than their competitors. This further affirms the Apama platform's market leadership and strengthens Progress Software's position as a leading provider of advanced software in Asia."