05 December 2016

Progress extends Apama algorithmic black box for cross-asset trading

06 December 2005  |  8084 views  |  0 keyboard

Massachusetts-based Progress Software is extending its Apama algorithmic trading platform to support cross-asset trading strategies.

Progress said in September that it had extended the Apama technology into the foreign exchange (FX) markets.

The vendor's latest move enables institutions to deploy algorithmic trading strategies that operate across asset classes, including equities, derivatives, fixed income and FX, and across any exchange and liquidity pool.

Although the pre-programmed black box is traditionally used for exchange-based equities and large value caps, John Bates, vice president of Apama Products, says the algorithmic trading market is now moving into other asset classes.

"The algorithmic trading market is growing beyond equities, to futures, government and corporate bonds and most recently, foreign exchange, creating a demand for instrument-agnostic platforms and algorithms that combine multiple assets into one strategy," says Bates. "For example, a trader might require a strategy that buys an equity, hedges it with a future, and takes out an FX position. To work successfully in this changing market, traders need to customize existing strategies and develop new strategies, on the fly, across multiple asset classes."

Progress Software acquired the technology when it bought out Apama earlier this year in an all-cash transaction worth $25.4 million.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Progress extends Apama algorithmic trading to FX market

Progress extends Apama algorithmic trading to FX market

13 September 2005  |  7656 views  |  0 comments
City emergency prompted algorithmic shutdown

City emergency prompted algorithmic shutdown

11 July 2005  |  7793 views  |  0 comments
Progress Software acquires algorithmic technology vendor Apama

Progress Software acquires algorithmic technology vendor Apama

07 April 2005  |  12177 views  |  0 comments
Apama opens black box to the buy side

Apama opens black box to the buy side

11 January 2005  |  10037 views  |  0 comments
JPMorgan expands electronic futures and options trading with Apama

JPMorgan expands electronic futures and options trading with Apama

22 June 2004  |  10551 views  |  0 comments
ABN Amro advanced execution desk licenses Apama

ABN Amro advanced execution desk licenses Apama

15 June 2004  |  11266 views  |  0 comments
Apama releases real time analytics package for financial services firms

Apama releases real time analytics package for financial services firms

23 September 2003  |  5644 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextraVisit capgemini.com

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6709 views comments | 23 tweets | 21 linkedin
Bank CEOs fret about ROI as startups drive IT arms raceBank CEOs fret about ROI as startups drive...
5885 views comments | 16 tweets | 21 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5809 views comments | 15 tweets | 13 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5658 views comments | 13 tweets | 12 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5652 views comments | 16 tweets | 15 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job