RBC deploys Progress FX Aggregation solution

Progress Software Corporation has announced that the Royal Bank of Canada (RBC) has successfully deployed the Progress® Apama® FX Aggregation solution accelerator to support its Foreign Exchange dealing operations.

First Published by e-Forex News: October, 2010

Dr John Bates

Dr John Bates

Progress Software Corporation has announced that the Royal Bank of Canada (RBC) has successfully deployed the Progress® Apama® FX Aggregation solution accelerator to support its Foreign Exchange dealing operations. RBC’s new system has significantly increased the efficiency in which RBC’s traders obtain the best FX prices for their clients. Dr. John Bates, Progress Software’s chief technology officer, senior vice president of corporate development and strategy and Apama co-founder, commented: “The early adopters of Apama products in FX were banks consolidating various trading screens on the dealing desks. More recently, we are seeing a shift to banks deploying Apama products for Liquidity Aggregation and Smart Order Routing as the foundation of a broader platform for their FX eCommerce operation.”