Progress Software Launches Smart Order Router Accelerator
At 31 Jan 2008 06:44:30 in MM-News in Brief, MM-Order Routing, MiFIDMonitor.com
Progress Software Corporation has launched the Progress Apama Smart Order Router (SOR) Accelerator, to enable traders to create proprietary order routing strategies that intelligently select execution venues from among the many exchanges, multilateral trading facilities and dark liquidity pools. According to the vendor, the Apama SOR Accelerator helps both sell side and buy side firms address the stringent and complex regulatory demands under Europe’s MiFID and the US’s RegNMS for best execution. The Apama SOR Accelerator is built on Apama’s complex event processing platform and comprises a set of customer-selectable integration adapters, configurable order routing logic and trade monitoring dashboards. The solution leverages experience derived from several client implementations, Progress Apama claims.


