HG Trading Deploys Progress Apama for Algo Trading

Ivy Schmerken, Wall Street & Technology

U.S. hedge fund HG Trading has implemented the Progress Apama Algorithmic Trading Platform for equity trading from Progress Software Corp. The boutique trading firm located in Heartland, Wisc., which specializes in high-velocity, low-risk strategies, plans to extend its uses into other asset classes, including futures and options, according to the release.HG Trading has installed the Apama platform on its premises with connections to its Chicago-based broker for FIX-based routing of orders to the market. The deployment followed an extensive proof-of-concept evaluation. HG Trading can execute many different trading strategies simultaneously, the release stated.

The Apama platform allows firms to instantly analyze, evaluate and respond to market events in real time, according to Progress Software. Firms can rapidly develop and test their own strategies for deployment in hours rather than days or weeks, the vendor contended in the release. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio