Banco Fator Corretora, a Brazilian bank and brokerage firm, has deployed the Progress® Apama® Algorithmic Trading Accelerator. According to Progress, the solution will "will play a critical role in Banco Fator’s new electronic trading strategy, enabling it to more effectively develop high frequency, proprietary trading tactics, rapid customization, and low latency execution of trades on behalf of its buy-side clients."
The firm's clients will be able to use the Apama Algorithmic Trading Accelerator to trade on Brazil’s BM&F Bovespa, the São Paulo Equities and Futures Exchange. Using the solution, traders can make customized algorithms for client order flow for low latency participation in the markets. They can also create algorithms that are profitable and unique for each client. Clients will also have access to the Apama Event Modeler™, a business-oriented graphical development environment."  Progress also stated, "In addition to offering algorithmic trading services, Banco Fator will leverage Apama platform capabilities to automate its own internal trading operations."

Learn more about how Banco will use Apama solutions now!