Banco Fator Corretora, a Brazilian bank and brokerage firm, has deployed the Progress Software “Apama Algorithmic Trading Accelerator,” software that enables traders to create customized algorithms to manage client order flow for low-latency trading, as well as creating algorithms.
The Apama Algorithmic Trading Accelerator will play a “critical role” in Banco Fator’s new electronic trading strategy, enabling it to more effectively develop high-frequency and proprietary trading tactics, rapid customization, and low latency execution of trades.
Banco Fator clients are also able to use the Apama Algorithmic Trading Accelerator to trade on Brazil’s BM&F Bovespa, the São Paulo Equities and Futures Exchange.
“Instead of investing capital in the acquisition, operation and support of an electronic trading system, our clients simply license the right to use the system from us,” says Alexandre Carneiro De Lucci, Director of Banco Fator Corretora. “This approach provides the fastest method for our clients to enter the high frequency trading business with minimal up-front investment.”
In addition to offering algorithmic trading services, Banco Fator will leverage Apama platform capabilities to automate its own internal trading operations.
http://web.progress.com/en/inthenews/banco-fator-selects–02082010.html
Banco Fator Corretora, a Brazilian bank and brokerage firm, has deployed the Progress Software “Apama Algorithmic Trading Accelerator,” software that enables traders to create customized algorithms to manage client order flow for low-latency trading, as well as creating algorithms.
The Apama Algorithmic Trading Accelerator will play a “critical role” in Banco Fator’s new electronic trading strategy, enabling it to more effectively develop high-frequency and proprietary trading tactics, rapid customization, and low latency execution of trades.
Banco Fator clients are also able to use the Apama Algorithmic Trading Accelerator to trade on Brazil’s BM&F Bovespa, the São Paulo Equities and Futures Exchange.
“Instead of investing capital in the acquisition, operation and support of an electronic trading system, our clients simply license the right to use the system from us,” says Alexandre Carneiro De Lucci, Director of Banco Fator Corretora. “This approach provides the fastest method for our clients to enter the high frequency trading business with minimal up-front investment.”
In addition to offering algorithmic trading services, Banco Fator will leverage Apama platform capabilities to automate its own internal trading operations.
http://web.progress.com/en/inthenews/banco-fator-selects–02082010.html
Tags: Ethernet, low latency, trading app
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on Thursday, February 11th, 2010 at 8:16 am and is filed under Applications, News.
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