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Bank of China Selects the Progress Apama Algorithmic Trading

Published: September 9, 2008

BOCI has selected the Progress Apama Algorithmic Trading Platform to strengthen its investment banking infrastructure.

Progress Software Corporation, a provider of application infrastructure software to develop, deploy, integrate and manage business applications, recently announced that BOC International Holdings Limited (BOCI), the wholly owned investment bank of Bank of China, has selected the Progress Apama Algorithmic Trading Platform to strengthen its investment banking infrastructure.

Progress Apama is the marketleading platform for algorithmic trading, enabling financial institutions to instantly and continuously analyze, evaluate and respond to complex market events in realtime for algorithmic trading, risk management, market aggregation and pricing. BOCI, already wellpositioned to offer its clients with a wide range of investment banking products and services, will now be able to use their own sophisticated trading algorithms to automatically trade across multiple exchanges.

Stephen Chan, Managing Director, Head of Planning Division, of BOCI said, “We are constantly looking for ways to add value to the products and services we offer our clients and to increase our competitive advantages. By using the Progress Apama algorithmic trading platform, we will be able to further refine our existing trading strategies, optimize market execution, better manage risk and ultimately increase our profitability.”