Apama connects algo platform to Lime Trading System

Progress Apama, the algorithmic trading and complex event processing division of Progress Software, has connected its algorithmic trading platform to the Lime Trading System, an execution service provided by US agency broker Lime Brokerage.
By None

Progress Apama, the algorithmic trading and complex event processing division of Progress Software, has connected its algorithmic trading platform to the Lime Trading System, an execution service provided by US agency broker Lime Brokerage.

The Apama platform, which allows users to build high-frequency trading applications, now connects to Lime Trading System’s Citrius market data feed and FIX order placement services. As a result, users of the Apama platform can use Lime Trading System’s low-latency, high-throughput trade execution capabilities, which span US equities, exchange-traded funds, futures and options.

Users can also deploy trading applications based on the Apama platform through Lime’s co-location services, which the firms said will reduce execution latency and time to market, while minimising connectivity and infrastructure investments.

“Lime Brokerage’s expertise in low-latency, high-frequency execution services makes it a natural fit for customers of the Apama platform, who are developing sophisticated alpha-seeking strategies,” said Dr. John Bates, founder and general manager of Apama, in a statement.

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