TCS, Progress Partner For Algo Trading

Tata Consultancy Services(TCS), an IT services, consulting and business solutions organization, has signed a deal with theProgress Software, a software provider. As part of the deal, TCS merged its portfolio of financial solutions for banks and capital marketsTCS BaNCSwith theProgress Apama Complex Event Processing Platform.

TCS BaNCS customers will now get access to customizable algorithmic strategies, known as white box algorithms. The Apama product will allow TCS to speed up the launch of unique capital markets trading strategies, providing customer organizations time-to-market and return on investment.

Click here for the release fromTata Consultancy Services.