Progress Launches Smart Order Router
Built on top of the Apama's complex event processing (CEP) platform, the new accelerator allows traders to create proprietary strategies that route orders, automatically selecting execution venues from among the exchanges, multilateral trading facilities (MTFs) and dark liquidity pools to which Apama can be connected, say officials.
The offering comprises a set of user-selectable integration adapters, configurable order-routing logic and trade-monitoring dashboards. The combination of these
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