16 July 2018
Visit www.gemalto.com

Progress Apama connects to Lime Trading System

23 June 2009  |  944 views  |  0 Source: Progress Software

Progress Software Corporation (NASDAQ: PRGS), a global provider of application infrastructure software used to develop, deploy, integrate and manage business applications, and Lime Brokerage, a leading agency broker in the high-frequency trading space, today announced that the Progress Apama Algorithmic Trading platform is now certified to connect seamlessly with the Lime Trading System.

High-frequency buy-side and broker-dealer customers can now employ Apama strategies that can easily connect to Lime Trading System's high-speed execution platform, with minimal up-front investment.

The Progress Apama platform, the capital markets' leading platform for building high-frequency trading applications, connects to Lime Trading System's CitriusTM market data feed and FIX order placement services. Customers of the Apama platform can use the Lime Trading System's ultra-low latency, high-throughput trade execution capabilities, which span US equities, ETFs, and futures. In addition, customers can now deploy trading applications based on the Apama platform via Lime Trading System's collocation services, thus reducing execution latency and accelerating time-to-market, while minimizing connectivity and infrastructure investments.

George Hessler, Executive Vice President of Lime Brokerage, said, "We are thrilled to work with the Apama Algorithmic Trading platform to ensure that customers of the Apama platform have access to Lime's renowned low-latency execution capabilities. The Apama and Lime platforms are both market leaders in high-frequency trading, and we look forward to a number of successful customer deployments."

Dr. John Bates, founder and general manager, Apama division of Progress Software, said: "Lime Brokerage's expertise in low-latency, high-frequency execution services makes them a natural fit for customers of the Apama platform who are developing sophisticated alpha-seeking strategies. We are delighted to add the Lime Trading System to the range of connectivity supported by the Apama platform."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit www.aciworldwide.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9951 views comments | 18 tweets | 30 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8420 views comments | 3 tweets | 1 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8082 views comments | 6 tweets | 14 linkedin
Faster Payments outage delays thousands of transactionsFaster Payments outage delays thousands of...
7197 views comments | 8 tweets | 19 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job