Tibco Debuts 'Business Events'

CYBER-TRADING TECHNOLOGIES

LONDON—Two financial institutions are building algorithmic trading solutions via the Business Events platform launched last week by Tibco Software, officials say.

The Business Events launch closely follows Progress Software's acquisition of Apama, a vendor that has made significant inroads into the financial services market with its event-driven algorithmic trading solution (DWT, April 11).

The new Tibco platform also detects event patterns in real-time and responds with minimal latency. It

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