Progress Software, a supplier of application infrastructure software, is to integrate its Apama algorithmic trading platform with FXall’s anonymous electronic communication network (ECN), Accelor, the firm announced Tuesday. Progress Software says this connectivity will enable fast and easy access to Accelor.
According to Progress Software, the Apama algorithmic trading platform allows traders to create, test, deploy and manage customised algorithmic strategies. Clients who use the Apama platform now have a wider view of liquidity pools from a single screen and can develop and deploy FX strategies that capitalise on proprietary trading techniques, notes the firm.
"The Accelor FX ECN has a diverse community of users and its independent status ensures deep liquidity and consistent pricing under all market conditions," remarks Mark Warms, global head, marketing and general manager, Europe, FXall. "Our partnership with Progress Software makes it easier for traders with algorithmic trading strategies to access our liquidity," he adds.
The firm says the Apama platform is powered by next-generation complex event processing (CEP) technology, which allows traders, regulators and exchanges to instantly and continuously analyse, evaluate and respond to market events in real time.
“The combination of the CEP within the Apama platform and the FXall Accelor ECN provides traders with a new dimension in real-time analytics and execution that enables microsecond access to multiple liquidity pools," comments Dr John Bates, founder and vice president, Apama Products, Progress Software.