FX software udpates - Progress Apama and Portware FX
- BBVA chooses Progress Apama FX Aggregation accelerator
Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, announced that financial services group, Banco Bilbao Vizcaya Argentaria (BBVA), is live on the Progress Apama FX Aggregation accelerator for its foreign exchange operations.
BBVA FX traders are now using the Progress Apama platform along with its customised dashboards to view and trade across aggregated Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term from a number of Banks and FX ECNs. Alongside increased trader effectiveness, the FX aggregator is also enabling BBVA to use the Progress Apama platform to power advanced FX algorithms and optimized real-time FX prices for their internal and external customers.
BBVA chose the Progress Apama platform because of Progress Software's extensive experience in the FX market, gained through numerous successful deployments of the FX Aggregation Accelerator with Tier 1 and Tier 2 banks. BBVA was also impressed by the flexibility, performance and scalability of the Apama platform, powered by the market-leading Apama Complex Event Processing (CEP) engine. Finally, the comprehensive set of Apama adapters that provide connectivity to FX ECN and Bank platforms, including support for Spot and Forward FX liquidity discovery and dealing, positioned the Apama products as the stand-out choice compared to other vendors' Application and Platform offerings.
- First Quadrant deploys Portware for FX trading
Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions, announced that First Quadrant, a Pasadena-based investment management firm with over US$17 billion AUM, including over $6 billion in its Tactical Currency Allocation Long/Short alpha strategy, has deployed Portware FX to support its global foreign exchange trading operations.
Among the factors influencing First Quadrant's decision were Portware FX's support for advanced trading strategies, comprehensive Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term and seamless integration with First Quadrant's internal workflow applications.
Using Portware FX, First Quadrant can both manually and algorithmically trade against a centralized book of streaming quotes from global FX dealers, driving increased trading efficiencies and reducing execution costs. In addition, Portware FX's integration with Traiana's Harmony Network allows First Quadrant to streamline post-trade processing and settlements with their prime brokers, resulting in lower operational risk for all trading parties.
- BBVA chooses Progress Apama FX Aggregation accelerator
Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, announced that financial services group, Banco Bilbao Vizcaya Argentaria (BBVA), is live on the Progress Apama FX Aggregation accelerator for its foreign exchange operations.
BBVA FX traders are now using the Progress Apama platform along with its customised dashboards to view and trade across aggregated Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term from a number of Banks and FX ECNs. Alongside increased trader effectiveness, the FX aggregator is also enabling BBVA to use the Progress Apama platform to power advanced FX algorithms and optimized real-time FX prices for their internal and external customers.
BBVA chose the Progress Apama platform because of Progress Software's extensive experience in the FX market, gained through numerous successful deployments of the FX Aggregation Accelerator with Tier 1 and Tier 2 banks. BBVA was also impressed by the flexibility, performance and scalability of the Apama platform, powered by the market-leading Apama Complex Event Processing (CEP) engine. Finally, the comprehensive set of Apama adapters that provide connectivity to FX ECN and Bank platforms, including support for Spot and Forward FX liquidity discovery and dealing, positioned the Apama products as the stand-out choice compared to other vendors' Application and Platform offerings.
- First Quadrant deploys Portware for FX trading
Portware, the leading provider of highly integrated, multi-asset algorithmic trading solutions, announced that First Quadrant, a Pasadena-based investment management firm with over US$17 billion AUM, including over $6 billion in its Tactical Currency Allocation Long/Short alpha strategy, has deployed Portware FX to support its global foreign exchange trading operations.
Among the factors influencing First Quadrant's decision were Portware FX's support for advanced trading strategies, comprehensive Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term and seamless integration with First Quadrant's internal workflow applications.
Using Portware FX, First Quadrant can both manually and algorithmically trade against a centralized book of streaming quotes from global FX dealers, driving increased trading efficiencies and reducing execution costs. In addition, Portware FX's integration with Traiana's Harmony Network allows First Quadrant to streamline post-trade processing and settlements with their prime brokers, resulting in lower operational risk for all trading parties.