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Alpes Corretora de Cambio Selects Progress Apama Algorithmic Trading Platform for Sophisticated Arbitrage Trading Strategies.

Publication: Business Wire
Publication Date: 13-JUL-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Apama[R] Platform Provides Connectivity to Brazil's Trading Exchange

BEDFORD, Mass. -- Progress Software Corporation (NASDAQ: PRGS), a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, today announced that a leading Brazilian brokerage house, Alpes Corretora de Cambio, Titulos e Valores Mobiliarios (Alpes), selected the Progress[R] Apama[R] Algorithmic Trading Platform. Alpes will develop and deploy execution and "cash and carry" arbitrage strategies for futures and equities. These strategies leverage the connectivity that the Apama platform offers to BM&F Bovespa, Brazil's trading exchange.

These strategies were created using the Progress Apama Event...

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