?Brazilian broker Ágora Corretora de Titulos e Valores Mobiliarios, a division of Banco Bradesco, has launched a new suite of proprietary algorithms for equities and options running on Progress Apama’s capital markets platform.
The suite offers a variety of alpha-seeking and execution strategies, which Agora customers can access through an online interface. ?It includes custom options investment strategies including butterfly and condor spreads, delta hedging strategies and volume weighted average price (VWAP) execution algorithms.
Agora says that each strategy was developed based on specific customer demand.???? Francisco Valente, head of Agora’s electronic trading desk, said, “When creating trading orders within the Agora infrastructure, our clients enjoy high performance execution and complete security. This new suite of algorithms allows our clients to access the market directly using the robust Apama platform outfitted with new pre-programmed execution strategies.”
Bruno Nunes, head of algorithm development at Agora, added, “We were the first broker to develop and deploy unique trading strategies for the Brazilian market. Development of our Agora solution was the product of a cross-functional team comprising quantitative finance, mathematics, and software development experts.”