Apama, CQG Launch Automated Execution for CQG Futures

Progress Software has released the latest version of its Progress Apama AutoEx for CQG Integrated Client (IC) with automated execution for CQG futures trading.

The latest release is part of an ongoing partnership to integrate CQG’s technical analysis tools and trade routing gateways with Apama’s algorithmic trading platform. The enhancements include price captures, error detection and risk management capabilities.

The first generation of the Apama AutoEx offering provided CQG IC with the ability to automate the execution of trades once signaled by CQG analytics with custom algorithms offered through the Apama platform.

In a statement, Josef Schroeter, President of CQG, said, “We have seen the markets change over the past year and algorithmic trading with Apama AutoEx gives CQG traders the opportunity to remain competitive in the market without taking on excessive risk. CQG is pleased that its partnership with Progress Software continues to produce enhancements and improvements in the Apama AutoEx product.” Added John Bates, founder and general manager of the Apama division of Progress Software Corporation, “Speed is essential for traders in crowded markets to capture limited opportunities. We are thrilled to provide a market-leading platform like CQG Integrated Client with enhanced real-time algorithmic trading capabilities - enabling traders to respond instantly to market opportunities. ”