Progress Melds Data for Algo Testing

DATA DISPLAY & ANALYTICS

Progress Software will release next month a database that captures real-time and historical data for back-testing algorithmic trading strategies and integration with its Apama algo trading software.

Two European investment banks have been using the system, called EventStore, for around three months, officials say. One is using EventStore on its foreign exchange desk to capture real-time FX data, create strategies for FX trading and learn where strategies made or lost money. The other is using