Progress Software launches Korean algo platform

Progress Software Corporation, which supplies application infrastructure software, has partnered with Korean vendor Koscom to launch 'PowerAlgo', a Korean-language version of the Progress Apama Algorithmic Trading Plat-form. PowerAlgo will be the first commercially-available algorithmic trading platform in Korea, integrating into Koscom's existing OMS. Users will be able to algorithmically and automatically trade equities, futures and options on the Korean Exchange. Meanwhile Progress has al