Progress Software Corp. (PRGS) announced that it has joined forces with Statistical Research Laboratory (SRL) to provide a complete trading technology solution for brokers and hedge funds. The company stated that SRL solution would be powered by the Progress Apama Complex Event Processing or CEP Platform.
The SRL solution would offer 2 components namely 'Broker in a box' technology, and 'Hedge fund in a box' capabilities. Also, the solution would enable users to internalise order flow, another significant cost saving.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.