NYSE Euronext to partner with Progress

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.