TCS and Progress team for algorithmic trading solution
Tata Consultancy Services (TCS) and the Progress Software Corporation today announced the integration of TCS BaNCS with the Progress Apama Complex Event Processing platform. The new technology will offer customizable algorithmic trading solutions, according to Progress Software.
The integration of Apama into TCS BaNCS will give clients access to "white box" algorithms - user-attuned algorithmic strategies for trading - through the platform. The technology is being presented as being particularly applicable for Asian markets.
"We are witnessing massive growth in Asian capital markets and our partnership with Tata Consulting Services will help us exploit new opportunities," says Paul Henagan, vice president and managing director, Progress Software (Asia Pacific). "The Apama Complex Event Processing product enables TCS to expedite deployment of unique capital markets trading strategies, giving customer organizations rapid time to market and return on investment."
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