Jefferies Bache Implements FX Solution from Progress
In February 2011, Bache, a brokerage that was a division of Prudential at the time, tapped Progress Software to aggregate foreign exchange (FX) spot liquidity.
The relationship continued when Bache was sold to Jefferies last summer, but all along, Progress Software tells SST, Bache's goal was to give its clients electronic access for both FX spot and forwards. By implementing the Progress Apama FX eCommerce solution for end-to-end FX dealing and pricing, it has done so.
By aggregating
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