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Executing profitable algorithmic trading in China

Anuradha Shukla | June 3, 2011
Progress Software tells how through its first workshop in Beijing, China.

Progress Software is set to teach how to execute profitable algorithmic trading in China.

The company has announced its first workshop titled 'Algorithmic Trading - How to Execute and Profit from It', which is scheduled to be held on Thursday, 9 June at the Westin Beijing in Beijing, China.

"This workshop showcases Progress' commitment to the Chinese market. There is an increase in demand for technology to support algorithmic trading in China," said Bryan O'Neill, regional vice president for Asia, Progress Software. "We are very excited about our growth here as the economy is poised to grow steadily in the next five years."

This workshop will be presented in both Chinese and English and will be hosted by Dr. Giles Nelson, deputy chief technical officer (CTO), Progress Software.

Dr. Nelson also co-founded Apama, the company that pioneered the commercial application of algorithmic trading software. He has extensively spoken at technology and capital markets events, and is a well-known figure in the capital markets industry. 

Capitalising algorithmic trading

He will discuss several points in this workshop including the introduction and overview of algorithmic trading, the difference between algorithmic trading in China and western countries, and how to capitalise on algorithmic trading.

Other relevant points such as executing algorithmic trading more effectively and reducing risk and increasing market surveillance will also be discussed.

"Algorithmic trading can bring enormous benefits for traders and we will review how companies can take advantage of the technology and be more competitive. We are seeing enormous growth in high frequency trading (HFT) and algorithmic trading in Asia, possibly signalling the end of US and UK dominance in this financial field," said Dr. Giles Nelson.

"The epicentre of the world's economy is gradually moving East and the Asia markets in general are embracing electronic trading. Over the coming years, we will see a more globalised market for trading technology, innovative new uses for technology as well as an increased ability to police and control trading issues on a global basis. "

 

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