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PROGRESS SOFTWARE LEADS DISCUSSION ON ADVANCES IN ALGORITHMIC TRADING

Dr Giles Nelson, Progress Software, to Chair Algorithmic Trading Conference Session at TradeTech Paris, 26 April 2006

London, UK—20 April 2006— Progress Software, a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, will lead a conference session on the latest trends in ‘Analytics and Algorithmic Trading’ at TradeTech 2006, Europe’s premier institutional equity trading and technology summit.

Dr Giles Nelson, Director of Algorithmic Trading, Apama Products, will chair presentations and a panel discussion by industry experts that examine how electronic trading can enhance investment opportunities in today’s capital markets. The conference session begins at 2.30pm on Wednesday 26 April. Among the issues to be discussed are the latest advances in trading technology, the increased adoption of algorithmic trading among buy-side firms and the continuing challenge to ‘black box’ strategies.

Dr Nelson co-founded Apama, the foundation for the Progress® Apama® Algorithmic Trading Platform and a leader in next-generation event processing technology. Apama allows traders to instantly and continuously monitor, analyse and respond to market conditions in real time. Among Apama’s noteworthy users are JP Morgan Chase, Deutsche Bank and ABN AMRO, as well as several major buy-side firms.