Regulation, Cloud Services and Emerging Markets Dominant Themes in 2010
BEDFORD, Mass.--(BUSINESS WIRE)--Dec. 8, 2009--
Progress
Software Corporation (NASDAQ: PRGS), a leading independent
enterprise software provider that enables companies to be operationally
responsive, has warned that the capital markets landscape is set for
radical transformation brought about by increased regulation and the
adoption of technology in new areas.
“In the aftermath of the economic crisis and with greater scrutiny
placed on financial institutions, 2010 will see a dramatic uptake in the
use of technology for regulatory compliance and enforcement,” said Dr.
John Bates, founder and general manager of the Apama division of
Progress Software. “Market participants will be forced to deploy better
trade monitoring systems particularly as the debate over the use of high
frequency trading rumbles on. Dark pools will be forced to become more
open and regulators will take a greater interest in examining everything
from policing trading in real time to the use of social media within
trading.”
Progress Software also forecasts that firms pursuing a more ‘plug and
play’ style of technology adoption by leveraging software platforms
hosted “In-the-Cloud” will become mainstream in 2010. This model, known
as Software as a Service (SaaS), will level the playing field enabling
smaller upfront investments and a move away from “on premise”
deployments.
Bates added, “We will see hosted services for algorithmic trading and
risk management become the major method of deployment. Hedge funds in
particular will be key adopters of hosted trading systems as a way of
dealing with the operational and cost challenges caused by the financial
crisis.”
“Hosted platforms remove the technology burdens and maintenance issues
from fund managers, allowing them to focus on making money. As such,
this model will become increasingly popular with firms looking to get a
piece of the high frequency trading pie.”
2010 will also be the year emerging markets such as Brazil, India and
China become growing forces in global trading circles, with high growth
rates as they begin to scale up adoption of algorithmic trading
technology and increase interest in cross-border trading strategies. For
example, the Brazilian exchange, BM&FBOVESPA, opened a London office as
part of a push to encourage greater foreign participation in its
rapidly-growing electronically-driven equities and derivatives markets.
“Over the last six months, markets such as those in South America have
been growing at a phenomenal pace and show no sign of slowing,” Bates
continued. “We expect this to carry throughout the next 12 months at
least as more firms turn to algorithmic trading. The fast growing
economies of India and China also are beginning to adopt advanced
trading technologies aggressively.”
“2009 was certainly a tough year for many financial institutions. While
2010 holds some promise, firms that set themselves up to cope with the
ever changing regulatory landscape coupled with the increasing global
commercial competition that will get ahead.”
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is an independent
enterprise software company that enables businesses to be operationally
responsive to changing conditions and customer interactions as they
occur – to capitalize on new opportunities, drive greater efficiencies
and reduce risk. The company offers a comprehensive portfolio of
best-in-class enterprise software spanning event-driven visibility and
real-time response, open integration, data access and integration, and
application development and deployment – all supporting on-premises and
SaaS/Cloud deployments. Progress maximizes the benefits of operational
responsiveness while minimizing IT complexity and total cost of
ownership. Progress can be reached at www.progress.com
or +1-781-280-4000.
Source: Progress Software Corporation
Progress Software (US)
Lisa Coulouris, +1 781-280-4995
lcoulour@progress.com
or
LEWIS
PR
Christine Huynh, +1 617-226-8840
progresssoftware@lewispr.com
