Skip navigation

Contacts:

Trip Kucera
Progress Software
Tel: +44 (0) 1753 216335
Email: ckucera@progress.com

Kathryn Torpy/ Louisa Excell
Cre8 Results Limited
Tel: +44 (0)20 7734 9199
Email: apama@cre8results.com

London, UK— 17 April 2007— Algorithmic trading has entered the mainstream and financial institutions large and small are now adopting the practice. But are algorithms living up to the hype? Can they generate alpha? Or, is today’s market saturated? Are we experiencing algorithmic overkill?

To explore these issues, Dr. Giles Nelson, Director of Technology for Progress Software, will take part in a debate entitled ‘Algorithmic Overkill? Are Algorithms Really Living up to the Hype?’ at TradeTech Paris 2007 on Wednesday 25 April. The session, which begins at 5.15pm, will address a number of key issues that include: the future of algorithmic trading; the appropriateness of algorithms for anything other than low-touch trades; alpha-generating algorithms and the skill sets necessary to take full advantage of algorithmic trading. Progress Software is the provider of the Progress® Apama® platform, the leading algorithmic trading and CEP (Complex Event Processing) solution in the industry.

TradeTech Paris, 25 – 27 April 2007
Le Palais des Congrès, Paris
2, place de la Porte Maillot
75071 Paris
France

Progress Software will also be exhibiting at the event, at stand 146, as well as presenting a product demonstration within the TradeTech Solution Zone on Wednesday 26th April at 2.30pm, entitled ‘Progress Apama for Algorithmic Trading: Maintaining A Competitive Advantage’. Attendees will have the opportunity to see the Progress Apama platform’s rich development environment and how it enables business users to create, test, and deploy unique algorithmic trading strategies. For information on Progress Apama products, see www.progress.com/apama.

About Progress Software Corporation

Progress Software Corporation (Nasdaq: PRGS) provides application infrastructure software for the development, deployment, integration and management of business applications. Our goal is to maximize the benefits of information technology while minimizing its complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.

# # #

Progress and Apama are trademarks or registered trademarks of Progress Software Corporation or one of its affiliates or subsidiaries in the U.S. and other countries. Any other trademarks or service marks contained herein are the property of their respective owners.

This press release was distributed by ResponseSource Press Release Wire on behalf of Cre8 Results in the following categories: Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.