Brazil's Ágora Corretora deploys Progress Apama for algo trading

Brazil's Ágora Corretora deploys Progress Apama for algo trading

Brazilian broker Ágora Corretora de Titulos e Valores Mobiliarios has rolled out Massachusetts-based Progress Software's Apama complex event processing (CEP) platform to support algorithmic equities trading.

Ágora Corretora, a unit of Banco Bradesco, will use Apama's tools within its equities trading operation to create unique, proprietary strategies that execute on the Brazilian Stock, Mercantile & Futures Exchange.

Ágora Corretora has already deployed the Apama platform to support its proprietary trading desk and is set to provide access to its buy-side clients via graphical dashboards, enabling them to create, execute and monitor customised strategies.

John Bates, general manager, Apama division, Progress Software, says Ágora Corretora initially chose the platform for futures trading but is now expanding its use to include equities.

"Agora realised that high-performance trading strategies, rapid strategy customisation, and empowerment of their institutional clients are key to winning market share," claims Bates.

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