• inside_market_data
  • inside_reference_data
  • buy_side_technology
  • sell_side_technology
china-property-beijing
As Chinese markets open up to external investment, algorithmic interest is growing.

CITIC Takes Progress for Algo Trading

  • Send
  • Comment
  • Send to Kindle

Apama suite used by largest Chinese broker.

CITIC Securities has selected Progress Apama for its algorithmic trading offerings to clients, the software vendor has announced.

CITIC, the largest broker in China, will implement the product due to a growing demand for high-frequency and algorithmic strategies in the region among its institutional client base. It will initially integrate Apama with its order management system, before further expanding into multi-instrument platform capability.

"Progress Apama will give CITIC Securities the ability to quickly develop and deploy unique trading strategies, to achieve dramatic advantages over competitors trading with commoditized 'black box' offerings," says Richard Bentley, vice president of capital markets at Progress. "As the first investment bank in China to deploy a fully customizable algorithmic tradingplatform, CITIC Securities will be leading the way and setting the standard for the Chinese securities industry."

  • Send
  • Comment
  • Send to Kindle

More from Buy Side Technology

Sign-up for WatersTechnology email newsletters

Register for regular alerts to receive up-to-date news directly into your inbox

Related Articles

Latest Media

Events

Visitor comments Add your comment

  

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions Your comment will be moderated before publication

Submit your comment

Work with us on your Integrated Marketing Campaigns

Do you have bespoke research requirements?

WatersTechnology offers a full range of custom research, surveys, webcasts, video and whitepapers for firms looking to demonstrate thought-leadership through their marketing campaigns and generate sales leads.

waterstechnology-marketing-options

Latest Whitepapers

waters-equinix-whitepaper-may2014

Tackling Teething Troubles: Examining the Current State of the OTC Derivatives Market

The over-the-counter (OTC) derivatives market is in the midst of a global regulatory restructure. Authorities in Europe, Asia and the US are currently...

eagle-whitepaper-jan2014

A data-centric approach to portfolio management

A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....