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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