RBC deploys Progress Apama

Apama FX Aggregation was customised for the Canadian dealer and has increased the efficiency with which RBC’s traders obtain the best foreign exchange prices for their clients, Progress Apama said.

John Bates, Progress Software’s chief technology officer in London, said the bank is using the system for direct dealing, price formulation, distribution, credit-limit checking, pre-trade risk controls, auto-hedging, order aggregation and flow internalisation as part of its broader electronic commerce

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