08 February 2010 News

 

Banco Fator selects Progress Apama for high frequency trading

Banco Fator Corretora has deployed the Progress Apama Algorithmic Trading Accelerator. The Apama Algorithmic Trading Accelerator will play a role in Banco Fator's new electronic trading strategy, helping it to develop high frequency, proprietary trading tactics, rapid customisation, and low latency execution of trades on behalf of its buy-side clients. Banco Fator clients are also able to use the Apama Algorithmic Trading Accelerator to trade on Brazil's BM&F Bovespa, the São Paulo Equities and Futures Exchange.
 
The Apama Algorithmic Trading Accelerator is designed to enable traders to create customised algorithms that manage client order flow for low latency participation in the markets and to create algorithms that are profitable and unique for each client.
 
Additionally, Banco Fator will provide its clients with access to the Apama Event Modeler, a business-oriented graphical development environment.
 
"Instead of investing capital in the acquisition, operation and support of an electronic trading system, our clients simply license the right to use the system from us," said Alexandre Carneiro De Lucci, director of Banco Fator Corretora. "This approach provides the fastest method for our clients to enter the high frequency trading business with minimal up-front investment."
 
In addition to hosting the platform, Banco Fator also provides its clients with the option to develop their own customised algorithms that best fit their individual business strategies. "With this approach, we include all technical programming and provide a team of analysts to create customised strategies," explained Carneiro.