NYSE-listed Progress Software Corp. has joined hands with software provider for securities markets Omnesys Technologies to leverage its customer base. Omnesys’ clientele consists of more than 200 of the top financial institutions and exchanges across India. The partnership will offer the Omnesys Nest front office service and algorithmic trading platform Progress Apama.
The high-velocity capital markets applications platform is a comprehensive complex event processing (CEP)-based system that can create sophisticated multi-asset applications for low-latency trading, risk and compliance, with sub-millisecond latency. The alliance, offering a trading platform to Indian traders to boost competitiveness, will augment Omnesys’ offerings in the emerging market for advanced algorithmic trading software.
Click here for the release from Business Wire.