NYSE Euronext to partner with Progress

The exchange is attempting to provide its customers with complex event processing capabilities.
JUN 10, 2008
NYSE Euronext to partner with Progress Software Davis D. Janowski In yet another move to expand its electronic-trading business and improve trading efficiencies, New York-based NYSE Euronext today announced a partnership with Progress Software Corp., an application infrastructure software provider based in Bedford, Mass. NYSE Euronext acquired New York-based Wombat Financial Software Inc. this year, shortly followed by its announcement of a definitive agreement to purchase the New York-based American Stock Exchange LLC. With the new partnership, NYSE Euronext is attempting to provide its customers with complex event-processing capabilities on its Advanced Trading Solutions platform using technology provided by Progress. Among the NYSE Euronext services to be powered by the Progress Apama CEP platform are algorithmic trading, real-time risk management and smart order routing. This will all be part of the new NYSE Euronext Secure Financial Transaction Infrastructure Community Platform.

Latest News

SEC to lose Hester Peirce, deepening a commissioner crisis
SEC to lose Hester Peirce, deepening a commissioner crisis

The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.

Florida B-D, RIA owner pitches bold long-term plan to sell to advisors
Florida B-D, RIA owner pitches bold long-term plan to sell to advisors

IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.

Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships
Fintech bytes: Vanilla, Wealth.com forge new estate planning partnerships

Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.

Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions
Fiduciary failure: Ex-advisor who sold practice fined after clients lost millions

A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.

Why the evolution of ETFs is changing the due diligence equation
Why the evolution of ETFs is changing the due diligence equation

As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.

SPONSORED Are hedge funds the missing ingredient?

Wellington explores how multi strategy hedge funds may enhance diversification

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management