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."
More from Buy Side Technology
Updating your subscription status
Work with us on your Integrated Marketing Campaigns
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.
16 Sep 2014
07 Oct 2014
14 Oct 2014
14 Oct 2014
20 Oct 2014
03 Nov 2014
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...
A fast, flexible and reliable investment decision-making process must be based on access to accurate and consistent information throughout an organization....