Chinese Futures Broker enhances Algo Trading with Progress Apama

One of China's leading independent futures broker has selected the Progress® Apama® Algorithmic Trading Platform as part of its plans to drive more overseas business.

Nanhua Futures selected the Progress Apama platform to give the company more flexibility in its trading platform, and to provide its institutional investors with the ability to connect to more international markets. The solution will provide a powerful, diversified platform, which will offer access to overseas' markets, strengthen Nanhua’s market position in Hong Kong, and will allow Nanhua Futures to connect to the Chicago Mercantile Exchange (CME) as well as other global exchanges.

The Progress Apama platform is the market-leading platform for algorithmic trading, enabling financial institutions to instantly and continuously analyze, evaluate and respond to complex market events in real-time for algorithmic trading, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, market aggregation and pricing. Nanhua Futures will now be able to use its own sophisticated trading algorithms to automatically trade across multiple exchanges, and to monitor a number of different trades in real-time.

David Luo, CEO of Nanhua Futures said: “As a truly innovative futures company, we’re always looking for ways that we can add value through diversified offerings to our clients. We believe that the Progress Apama trading platform will allow us to build on our recent growth, by offering more flexibility and choice to our customers. It will also play a key role in helping us to gain a competitive advantage, by allowing us to provide a unique level of access to international markets, that our competitors aren’t able to match.”

Dr. Richard Bentley, vice president, capital markets, Progress Software said: “We are delighted that Nanhua Futures has selected the Progress Apama platform to strengthen its algorithmic trading capabilities. The richness of the Apama platform will not only provide greater access to international markets, but will also provide traders with the tools they need to continuously seek out the right 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 and develop and execute trading strategies more rapidly than their competitors. This further affirms the Apama platform’s market leadership and strengthens Progress Software’s position as a leading provider of advanced software in Asia.”

The Apama platform delivers the industry’s most powerful CEP capability, supporting applications that monitor rapidly moving event streams, detect patterns and take action – with sub-millisecond latency. The Apama algorithmic trading platform enables both sell-side and buy-side traders to leverage proprietary trading strategies, rather than rely on packaged “black box” algorithms. The Apama “white box” platform puts control in the hands of traders, who can create, test, deploy, and manage their own algorithmic trading strategies.

Chinese retail investors are required to sit a 'trading test' before they can trade in high risk products like futures. China introduced futures on the CSI 300 (stock index) in 2008 and since then has seen volumes increasing year on year.

The index is currently trading at 2,552.61.

Forex Magnates have written the most detailed analysis of FX in China, available in the Q2 quarterly report 2012.

The quarterly report provide useful information for industry professionals, readers can take advantage of a yearly subscription for a reduced rate.