Blurring the Lines
HOT ISSUES
John Bates, a vice president of event processing products, Progress Real Time Division, a vendor of software tools that bolster algorithmic trading strategies, recently spoke to DWT European reporter Jean-Paul Carbonnier. Bates focuses on the forefront of algorithmic trading and the blurring of the lines between sell- and buy-side functions. Progress Software Corp. acquired Apama, based in Cambridge, U.K., for $25 million this past April (DWT, April 11).
Algorithmic trading is a term that has
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