Progress Software, a US-based a supplier of application infrastructure software, has expanded its foreign exchange (FX) connectivity adaptors for the Progress Apama capital markets framework.
According to Progress Software, the Apama platform now connects to a much wider range of single bank FX platforms (or portals) as well as a broader spectrum of FX liquidity sources, including electronic communications networks (ECNs) and inter-dealer markets. These adaptors are accessible from all Apama Solution Accelerators, including algorithmic trading and FX aggregation.
Adding single bank platforms is expected to enable FX dealers using the Apama platform with users a single, consolidated interface, where they can view all their prices and liquidity on a single screen.
John Bates, chief technology officer and senior vice president of corporate development and strategy at Progress Software, said: The FX market has undergone revolutionary change, presenting participants with tremendous opportunities for profit. However, to tap into this profit requires mastery of the fragmentation in the FX market in real-time.
By providing an aggregated view of pricing from every bank and ECN in real-time, we are giving FX dealers a powerful competitive advantage. Our new FX connectivity capabilities mean that FX dealers have a much broader range of FX destinations available to them, complementing our existing support for FX ECNs and dealing banks.