23 October 2017

Royal Bank of Canada deploys Progress Apama FX aggregation system

09 September 2010  |  4693 views  |  0 Source: Progress Software

Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, has announced that the Royal Bank of Canada (RBC) has successfully deployed the Progress Apama FX Aggregation solution accelerator to support its Foreign Exchange dealing operations.

The Apama FX Aggregation solution accelerator is completely customizable and has been modified for RBC to meet their specific requirements. RBC's new system has significantly increased the efficiency in which RBC's traders obtain the best FX prices for their clients.

RBC is the latest in a growing list of global and regional banks that has deployed Progress Software's Apama platform. Dr. John Bates, Progress Software's chief technology officer, senior vice president of corporate development and strategy and Apama co-founder, commented: "The early adopters of Apama products in FX were banks consolidating various trading screens on the dealing desks. More recently, we are seeing a shift to banks deploying Apama products for Liquidity Aggregation and Smart Order Routing as the foundation of a broader platform for their FX eCommerce operation. In addition to direct dealing, price formulation, distribution, credit limit checking, pre-trade risk controls, auto-hedging, order aggregation and flow internalization are all components of this broader eCommerce infrastructure.

It's exciting to see banks like RBC building out this vision, generating immediate and significant value for their clients by exploiting the power and flexibility of the Progress Apama platform."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.vasco.comvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
18769 views comments | 25 tweets | 36 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
14998 views comments | 23 tweets | 31 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10885 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
8917 views comments | 14 tweets | 28 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job