Progress Announces Apama Connectivity with Lime Brokerage
BEDFORD, Mass.--(BUSINESS WIRE)--Jun. 23, 2009--
Progress
Software Corporation (NASDAQ: PRGS), a global provider of
application infrastructure software used to develop, deploy, integrate
and manage business applications, and Lime Brokerage, a leading agency
broker in the high-frequency trading space, today announced that the
Progress®
Apama® Algorithmic Trading platform is now certified to connect
seamlessly with the Lime Trading System. High-frequency buy-side and
broker-dealer customers can now employ Apama strategies that can easily
connect to Lime Trading System’s high-speed execution platform, with
minimal up-front investment.
The Progress Apama platform, the capital markets’ leading platform for
building high-frequency trading applications, connects to Lime Trading
System’s Citrius™ market data feed and FIX order placement services.
Customers of the Apama platform can use the Lime Trading System’s
ultra-low latency, high-throughput trade execution capabilities, which
span US equities, ETFs, and futures. In addition, customers can now
deploy trading applications based on the Apama platform via Lime Trading
System’s collocation services, thus reducing execution latency and
accelerating time-to-market, while minimizing connectivity and
infrastructure investments.
George Hessler, Executive Vice President of Lime Brokerage, said, “We
are thrilled to work with the Apama Algorithmic Trading platform to
ensure that customers of the Apama platform have access to Lime’s
renowned low-latency execution capabilities. The Apama and Lime
platforms are both market leaders in high-frequency trading, and we look
forward to a number of successful customer deployments.”
Dr. John Bates, founder and general manager, Apama division of Progress
Software, said: “Lime Brokerage’s expertise in low-latency,
high-frequency execution services makes them a natural fit for customers
of the Apama platform who are developing sophisticated alpha-seeking
strategies. We are delighted to add the Lime Trading System to the range
of connectivity supported by the Apama platform.”
The
Apama platform supports a range of applications that include
algorithmic trading, real-time risk management, smart order routing,
market aggregation, pricing and market surveillance. It is deployed by
major firms such as JP Morgan, Deutsche Bank, ING and Bank of China, as
well as regulators such as the British Financial Services Authority and
exchanges like Turquoise.
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) provides application
infrastructure software for the development, deployment, integration and
management of business applications. Our goal is to maximize the
benefits of information technology while minimizing its complexity and
total cost of ownership. Progress can be reached at www.progress.com
or +1-781-280-4000.
About Lime Brokerage LLC
Lime Brokerage is a technologically advanced brokerage firm based in New
York City that caters to a diverse and sophisticated customer base. Lime
provides agency brokerage services to clients that include hedge funds,
asset managers and broker-dealers. Website: www.limebrokerage.com
Progress and Apama are trademarks or registered trademarks of Progress
Software Corporation or one of its subsidiaries or affiliates in the
U.S. and other countries. Any other trademarks contained herein are the
property of their respective owners.
Source: Progress Software Corporation
Progress Software Corporation
Lisa Coulouris, 781-280-4995
lcoulour@progress.com
or
Lime
Brokerage LLC
Andrea Cohen, 212-824-5542
acohen@limebrokerage.com
or
LEWIS
PR
Dan Gaffney, 617-226-8844
progresssoftware@lewispr.com
