Largest independent Brazilian brokerage integrates the Progress Apama Algorithmic Trading Platform following demand from clients for custom strategies
Progress Software Corporation (NASDAQ: PRGS), a leading independent enterprise software provider that enables companies to be operationally responsive, today announced Link Investimentos, the largest independent brokerage house in Brazil and undisputed leader on the BM&F Bovespa, is now using the Progress Apama Algorithmic Trading Platform.
The Progress Apama Algorithmic Trading Platform enables Link Investimentos clients to create, test and implement customized trading strategies on the BM&F Bovespa. The platform also allows clients to back-test custom strategies in real time using data from domestic and international equities and futures markets, based on investor defined parameters.
Link Investimentos has made a corporate commitment (including a staff of 50) to client strategy development. Among their responsibilities is to work with clients to customize trading strategies that maximize profits. Algorithmic and high frequency trading continues to grow in popularity with Brazilian investors, which is driving demand for custom strategies.
Daniel Mendonça de Barros, CEO of Link Investimentos, said: “To offer this advanced algorithmic platform to Brazilian investors is a competitive advantage for Link Investimentos, and we continue to concentrate our best efforts in investing in the right technology to benefit the individual investor. With the integration of the Progress Apama platform, we will be able to further increase our share of the equity market and secure new investors.”
Link Investimentos is also using the Apama Event Modeler, a graphical development environment that traders can use to easily develop algorithmic strategies. The Event Modeler offers the flexibility to quickly design strategies customized to individual Link Investimentos investors’ requirements.
Dr. John Bates, Progress Software Chief Technology Officer and Apama co-founder, said: “The Brazilian electronic trading market is growing at an amazing pace. Forward-thinking investment banks and brokerages are quickly adopting algorithmic trading technology to enable algorithmic and high-frequency trading strategies with the proper risk controls. By using the CEP-powered Apama platform, Link Investimentos clients can rapidly model and deploy new custom trading strategies that execute with extremely low latency. These advanced capabilities give Link and their customers competitive advantage in the ever-evolving trading world.”
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