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Tech Corner

IndusInd Bank has selected Calypso Technology’s cross-asset front-to-back solution to support growth plans for its treasury activities, increase its global market business and manage risk. Calypso’s service will enable IndusInd to quickly introduce new products including derivatives, and will provide the ability to contain risk exposure within limits, helping the bank to remain ahead of the shifting regulatory landscape.

Pioneer Trader has launched a London-based service for institutional FX traders, offers access to liquidity and technology to banks, funds, interdealer brokers and asset managers. The company has entered into a strategic alliance with Abu Dhabi-based brokerage firm, ADS Securities, which will allow it to offer the products and services of the brokerage in the UK, as well as the wider European market. The firm says it is building a team to deliver tailor made GUI, API and white label services, and developing liquidity packages designed to the specific trading needs of each client.

Progress Software has released a new version of its Apama CEP platform, including a new kernel that compiles application code written in Apama’s scripting language – EPL – to native machine code. The company says that the boost in its execution services will increase scalability for support higher event rates and concurrent event queries.

Australian commodity trading advisor, Relative Technologies, has deployed Progress Software’s Apama platform as its new trading infrastructure. Progress is providing the firm will a framework to support the business’s capabilities for real-time analysis, algorithmic trading and back-testing using historical data.

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