Progress Software Corporation, a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, has launched the Progress Apama FX Market Aggregation Accelerator.
Combining a set of FX (foreign exchange) integration adapters with pre-built Apama trading dashboards and foundation FX algorithms, the Apama FX Market Aggregation Accelerator helps both sell- and buy-side traders develop and deploy high-frequency foreign exchange trading strategies that capitalize on proprietary trading techniques.
The product will enable traders to accelerate the deployment of trading strategies that can access multiple FX liquidity sources to identify best price and market depth.
“The launch of our FX Market Aggregation Accelerator helps traders gain a significant competitive advantage by aggregating multiple FX pools in order to provide them with a ‘god’s eye’ view of the market,” says John Bates, founder and vice president of Apama Products at Progress Software. “This aggregated view can be used by the trader’s own custom FX and cross asset trading algorithms. The combination of these new Apama capabilities presents traders with the potential to achieve Alpha returns significantly faster than was possible in the past.”