Progress Apama Releases Korean Algo Trading Solution
Progress Software and Korean financial IT vendor Koscom have aunched PowerAlgo, a Korean-language version of the Progress Apama Algorithmic Trading Platform. PowerAlgo is integrated with Koscom’s existing Order Management System to enable customers to algorithmically and automatically trade equities, futures and options on the Korean Exchange (KRX).
The Apama Algorithmic Trading platform enables financial institutions to analyze, evaluate and respond to complex market events in real-time for algorithmic trading, risk management, market aggregation and pricing. PowerAlgo, which incorporates Korean characters in the Apama graphical development tools and Business Activity Monitoring (BAM) dashboards, enables Koscom’s buy- and sell-side customers to compose, deploy and manage algorithmic trading strategies on the fly in their own language. Firms are able to trade multiple assets within the same strategy and significantly reduce development and deployment time.
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