Progress Software Corporation Finds Strong Growth In Asia Pacific

Progress Software Corporation, a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, has had strong growth in the Asia Pacific region. Progress offices in Japan, Korea, Hong Kong, Singapore and Australia are experiencing

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Progress Software Corporation, a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, has had strong growth in the Asia Pacific region.

Progress offices in Japan, Korea, Hong Kong, Singapore and Australia are experiencing strong demand for the Progress Apama Algorithmic Trading Platform, with the Asia Pacific market now representing 20 percent of the Progress worldwide Apama business.

Supporting local market dynamics, local connectivity, local language and local regulatory requirements of each country are all enabled with the Apama “white box” application. The Apama platform allows financial institutions to instantly and continuously analyze, evaluate and act on complex market events in real time for algorithmic trading, risk management, market aggregation and pricing.

“Algorithmic trading in Asia Pacific began its development in a similar vein to Europe and North America with an initial focus on equities,” said Sang Lee, managing partner of Aite Group, a technology research and advisory firm. “Today, however, firms are rapidly adopting techniques that have taken longer to develop in the more established markets. These include the use of algorithms for foreign exchange and cross-asset class trading. As algorithmic trading in Asia continues to evolve, flexible, customizable technology that accounts for the unique characteristics of local markets is essential.”

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