Media Alert: Progress Software chairs panel session on 'The Realities of Algo Trading', Profit & Loss Forex Network, Chicago, September 25, 2006

BEDFORD, Mass. PRNewswire-FirstCall
21-Sep-2006

The use of algorithms in foreign exchange (FX) has sharply increased during 2006, as traders continue to leverage the capabilities of today's electronic trading technology. Next-generation algorithmic trading solutions are enabling FX traders to connect, monitor, analyze and respond to fast-moving data. FX traders are increasingly using algorithmic techniques for competitive advantage.

Chris Martins, Principle Product Marketing Manager, Apama Products, Progress Software, will moderate a panel on the 'The Realities of Algo Trading' at the Profit & Loss Forex Network in Chicago on September 25. The session, which begins at 11:00am, will explore the drivers for algorithmic trading in FX, why firms are embracing it - and how. Martins will be joined on the panel by: Jeff Bone, General Manager Foreign Exchange, RGM Advisors; Jeremy Smart, Executive Director, Head of FX e-Commerce Sales, Morgan Stanley and Leda Braga, Head of Systematic Trading, BlueCrest Capital Management.

Progress Software will also be exhibiting at the event, at Booth 18.

Profit & Loss Forex Network - Chicago, September 25-26, 2006 The Mid-America Club Aon Center 200 East Randolph Drive Chicago, Illinois 60601

SOURCE Progress Software Corporation -0- 09/21/2006 /CONTACT: Judy Mintz, Progress Software, (781) 280-4286, jmintz@progress.com; Kathryn Torpy, Cre8 Results Limited, +44 (0)20 7734 9199, apama@cre8results.com/ (PRGS)

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