Progress Software Launches Progress Apama Smart Order Router Accelerator
Progress Software has launched the Progress Apama Smart Order Router (SOR) Accelerator, enabling traders to create proprietary order routing strategies that intelligently select execution venues from among exchanges, multilateral trading facilities (MTFs) and dark liquidity pools. With the SOR Accelerator, institutions can now create aggregated views of market liquidity and capitalise on that liquidity with low latency trading algorithms that make real-time order routing decisions. The Apama SOR Accelerator helps both sell side and buy side firms address the stringent and complex regulatory demands of Europe’s MiFID and the US’s RegNMS for best execution, Progress claims.
Technorati Tags: Progress Software, Progress Apama, Progress Apama Smart Order Router, smart order routing, trading algorithms, MiFID, RegNMS, best execution
