Sunday August 20 , 2017
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Agora's New Algorithms Powered by Progress Apama


Ágora Corretora de Titulos e Valores Mobiliarios S.A. (CVTM), a division of Banco Bradesco S.A. (Bradesco) and one of the largest brokers in Brazil’s securities industry, has a new suite of proprietary algorithms for equities and options driven by the Progress® Apama® Capital Markets Platform. Along with providing many new alpha seeking and execution strategies, it also allows Agora customers to access the new algorithms via an intuitive web interface.

Read more: Agora's New Algorithms Powered by Progress Apama

 

BBVA Goes Live with Apama FX Aggregation Accelerator


Banco Bilbao Vizcaya Argentaria (BBVA) is now live on the Progress(R) Apama(R) FX Aggregation Accelerator for its foreign exchange operations, according to Progress Software. According to Progress, "BBVA FX traders are now using the Progress Apama platform along with its customized dashboards to view and trade across aggregated liquidity from a number of banks and FX ECNs."

Read more: BBVA Goes Live with Apama FX Aggregation Accelerator

   

Progress' New Initiatives, 7 to 9 Percent Staff Reduction Worldwide


Progress Software announced new strategic initiatives, which it claims are to "better position the company for long-term growth, improved profitability, greater competitiveness and improved efficiency across its global business." According to its press release, the new initiatives include the following:

  • The refinement of the company’s product portfolio towards core and high-growth opportunities, delivering industry-leading solutions that enable companies to be more operationally responsive.
  • An increased investment and expansion, over the next 18 months, of development and administration operations in India, where Progress has run a successful development organization for several years.
  • The continued consolidation of offices around the world.

Read more: Progress' New Initiatives, 7 to 9 Percent Staff Reduction Worldwide

   

New Order Management Solution Accelerator Reduces Risk for Order Fallout


A new Progress® Order Management Stability solution accelerator was launched by Progress in May. According to Progress, "The Order Management Stability solution accelerator provides telco service providers with the ability to gain end-to-end visibility across multiple order management systems, identify order fallout, and resolve potential problems across their customer order lifecycle, without needing to change their existing operational support system (OSS) infrastructure."

Read more: New Order Management Solution Accelerator Reduces Risk for Order Fallout

   

Savvion Rated Well by Ovum, Industry Analyst Firm


In its recent research report, Ovum, an industry analyst firm, placed Progress Savvion Business Process Manager platform in its “shortlist” category.  This report tracks BPM vendors across three criteria: market impact, end-user sentiment and technology offering, and puts vendors into one of three categories: explore, consider or shortlist.

Read more: Savvion Rated Well by Ovum, Industry Analyst Firm

   

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