Progress Software Corporation, a software provider that enables enterprises to be operationally responsive, and CQG, Inc., the provider of the trade routing, graphics, and technical analysis tools for real-time and historical analysis, announced the latest version of Progress Apama AutoEx for CQG Integrated Client (CQG IC). Joint development of the Apama AutoEx product is the result of the on-going partnership to integrate CQGs technical analysis tools and trade routing gateways with the market-leading Apama platform for algorithmic trading. The new enhancements add price capture, error detection and risk management capabilities, in response to feedback from significant early customer take-up of the Apama AutoEx for CQG IC offering.
The first generation of Apama AutoEx provided CQG IC with the ability to automate the execution of trades once signaled by CQG analytics, invoking custom algorithms offered through the Apama platform. While the trading opportunity is defined by CQG analytics, the Apama AutoEx product now detects in real time the market conditions for the opportunity and immediately executes resting orders that achieve both tighter price control and best execution. The new enhancements announced today also mitigate the inherent risks of custom trading strategies including automatic safeguards against erroneous market entries and exits due to unanticipated or anomalous market movements.
We have seen the markets change over the past year and algorithmic trading with Apama AutoEx gives CQG traders the opportunity to remain competitive in the market without taking on excessive risk, says Josef Schroeter, President of CQG. CQG is pleased that its partnership with Progress Software continues to produce enhancements and improvements in the Apama AutoEx product.
D.C.