Automated Trading Profit > Finextra: Progress partners FFastFill on futures spread trading ...
[Finextra Research Retail banking channel] The Progress Apama Spreader is based on Apama's high performance, multi-asset class Complex Event Processing (CEP) platform and is hosted by FFastFill in close proximity to all the major futures exchange gateways. The Progress Apama Spreader offers traders algorithmic execution of spread trades with individual leg, strategy, and fills status, as well as quick overviews of pre-configured spreads, a full choice of trading instruments, spread-specific P&L, and legging risk mitigation via lean percentage.
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[The Trade News - Working for the buy-side] Apama launches futures spread-trading tool | The Trade News: “With the Progress Apama Spreader, trading organisations can build multi-leg, multi-instrument, multi-exchange models with links to external modelling tools, charting packages and news feeds, on a state-of-the-art system able to handle the ever-increasing amounts of data traffic from futures exchanges,” said Patrick Thornton-Smith, managing director of FFastFill, in a statement. “It will allow traders to gain competitive advantage and incorporate best-of-breed components when encountering new areas.”
[Progress Software News] RSS Content: Progress Software Corporation: John Bates, founder and general manager, Apama division of Progress Software added, “There is a growing awareness among futures trading firms that they need to incorporate more technology into their trading operations, however most are falling behind the data deluge. By coupling the Apama platform with FFastFill’s infrastructure and services, we are offering a fast, resilient, hosted system for multi-asset class, cross exchange spread trading capable of handling growing data from futures exchanges. Furthermore, as firms leverage existing services for low latency algorithmic spread trading, they can quickly automate their spread trading operations with a minimal up-front investment.”
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