Bank of China plumps for Progress Apama

BOC International Holdings (BOCI), the wholly owned investment

bank of Bank of China, has selected the Progress Apama Algorithmic Trading Platform to strengthen its investment banking infrastructure. According to Progress Apama, BOCI selected the platform with its own trading connectivity to connect to the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange. Asset classes traded using Apama include equities, futures, futures indices, warrants and bonds.

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Systematic tools gain favor in fixed income

Automation is enabling systematic strategies in fixed income that were previously reserved for equities trading. The tech gap between the two may be closing, but differences remain.

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