Progress Apama partners with Object Trading Ltd
First Published Tuesday, 9 June 2009 from Automated Trader : Direct Market Access News
Progress Apama to partner with Object Trading Ltd to deliver ultra high-frequency trading solution
Dr. John Bates, founder and general manager, Apama division of Progress Software: "Where speed and high-performance are critical, we can not only demonstrate a proven track record, but now provide clients with a single point of entry into the market."
Progress Software Corporation (NASDAQ: PRGS), the provider of application infrastructure software, has announced a partnership between Progress Apama and Object Trading, specialists in direct market access (DMA) for ultra high frequency buy side and sell side market participants. The combination is intended to deliver an integrated trading solution that will enable ultra high-frequency traders to create and manage unique algorithmic strategies, and deploy them on a low latency infrastructure for pricing distribution and order execution directly on over 40 futures and options exchanges worldwide.
"With this solution the sell side now has an all-in-the-box solution for on or offsite algorithmic trading. The perennial problem of how to satisfy the demand for ever lowering latencies, while retaining full visibility of automated trade activity backed up with sophisticated risk constraints, is all solved in a ready-engineered solution. For the Buy side, the combination of Apama’s feature rich Algorithmic capabilities and Object Trading’s high throughput ultra low latency order and market data gateways will provide the best access to the unforgiving markets of today,” said Steve Woodyatt, Managing Director, Object Trading.
Dr. John Bates, founder and general manager, Apama division of Progress Software added, "The combination of Apama and Object Trading is tried and tested in the execution of orders and the distribution of prices in ultra low latency environments. Where speed and high-performance are critical, we can not only demonstrate a proven track record, but now provide clients with a single point of entry into the market. Furthermore, the partnership provides the flexibility to support a firm’s evolving trading strategies, as it differentiates its algorithmic execution styles for competitive advantage.”
- Link Investimentos selects Progress Apama platform
Dr. John Bates, Progress Software Chief Technology Officer and Apama co-founder: “The Brazilian electronic trading market is growing at an amazing pace.” Progress Software Corporation, the independent enterprise software provider has announced Link Investimentos, the Brazilian brokerage house, is now using the Progress Apama Algorithmic Trading Platform.
The Progress Apama Algorithmic Trading Platform enables Link Investimentos clients to create, test and implement customized trading strategies on the BM&F Bovespa....continued - Progress and SRL to provide one stop solution
Dr Giles Nelson, Chief Technology Strategist, Progress Software: “In the past, brokers and hedge funds have had little choice but to build this complex technology themselves, which can cost millions and take up to a year to implement." Progress Software Corporation has announced that it has joined forces with Statistical Research Laboratory to deliver plug-and-play solutions to financial trading desks, with the intention of providing a complete trading technology solution for brokers and hedge funds.
The SRL solution will be powered by the Progress Apama Complex Event Processing (CEP) Platform. It will offer two components; ‘Broker in a box’ technology, providing brokers with outsourced algorithmic trading and internalization capabilities across multiple asset classes and ‘Hedge fund in a box’ capabilities, offering hedge funds the technology platform to trade complex, high frequency trading strategies as well as to manage and monitor P&L, risk and back offic...continued - SMARTS Group launches new Layering Alert for SMARTS.broker
SMARTS Group, the market surveillance systems provider, recently launched a new Layering Alert for its broker product, SMARTS.broker....continued
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