Apama users given more algo options
The move extends the number of platforms Apama is connected to. Other venues connected to the system include Currenex, Hotspot FX, EBS and an undisclosed number of single-bank platforms.
The Apama algorithmic trading platform enables traders to create, test, deploy and manage customised algorithmic strategies. Officials at the company said there are 70 customers using Apama, with 20% of them purely using the system for FX.
"The inherent fragmentation of the FX market, coupled with the relative
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