SINGAPORE, June 2, 2011 /PRNewswire-Asia/ -- Progress Software Corporation (NASDAQ: PRGS), a leading software provider that enables enterprises to be operationally responsive, today announced its first ever workshop in China titled "Algorithmic Trading -- How to Execute and Profit from It". The workshop, which is presented in both Chinese and English, will be held on Thursday, June 9, at the Westin Beijing in Beijing, China.
Dr. Giles Nelson, Deputy Chief Technical Officer (CTO), Progress Software and co-founder of Apama, the company that pioneered the commercial application of algorithmic trading software, will host the workshop and present key topics on algorithmic trading in China and global markets.
Dr. Giles Nelson commented: "Algorithmic trading can bring enormous benefits for traders and we will review how companies can take advantage of the technology and be more competitive. We are seeing enormous growth in high frequency trading (HFT) and algorithmic trading in Asia, possibly signalling the end of US and UK dominance in this financial field. The epicentre of the world's economy is gradually moving East and the Asia markets in general are embracing electronic trading. Over the coming years we will see a more globalised market for trading technology, innovative new uses for technology as well as an increased ability to police and control trading issues on a global basis."
Dr. Nelson is a frequent speaker at technology and capital markets events, and is highly regarded in the capital markets industry. Discussion points of the workshop include:
Bryan O'Neill, Regional Vice President for Asia, Progress Software, said, "This workshop showcases Progress' commitment to the Chinese market. There is an increase in demand for technology to support Algorithmic trading in China. We are very excited about our growth here as the economy is poised to grow steadily in the next five years."
As the leading provider of high velocity Capital Markets applications, Progress Software offers a broad portfolio of mission-critical solutions that include Market Surveillance and Monitoring, FX eCommerce, and Algorithmic Trading. International Banks such as ANZ, Bank of China, Deutsche Bank, and JP Morgan, market regulators such as the UK's FSA and trading venues such as Plus Stock Exchange and Turquoise all use Progress solutions.
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) is an enterprise software company that enables businesses to be operationally responsive to changing conditions and customer interactions as they occur -- to capitalize on new opportunities, drive greater efficiencies and reduce risk. The company offers a comprehensive portfolio of best-in-class enterprise software spanning event-driven visibility and real-time response, open integration, data access and integration, and application development and deployment -- all supporting on-premises and SaaS/Cloud deployments. Progress maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.
Progress, Progress Insurance Information Model, Progress Responsive Process Management, Progress RPM, and Progress Control Tower are trademarks or registered trademarks of Progress Software Corporation or one of its subsidiaries or affiliates in the U.S. and other countries. Any other marks contained herein may be trademarks of their respective owners.
Press Contacts on behalf of Progress Software:
| Suzanne Yap | Debbie Ho |
| Rice Communications | Rice Communications |
| Tel: +65-6221-8322 | Tel: +65-6221-8322 |
| Mbl: +65-8522-3221 | Mbl: +65-8333-1160 |
| Suzanne.yap@ricecomms.com | Debbie.ho@ricecomms.com |
| Ian Lee | |
| Rice Communications | |
| Tel: +65-6221-8322 | |
| Mbl: +65-9489-0383 | |
| ian.lee@ricecomms.com |
