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      TCS is here to make a difference through technology.

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      02 May 2025 IBM, Tata Consultancy Services and Government of Andhra Pradesh to Deploy India’s Largest Quantum Computer in the Country’s First Quantum Valley Tech Park
      30 Apr 2025 TCS Collaborates with SAP to Enable Enterprise-wide GenAI and Cloud Adoption For its Customer
      24 Apr 2025 TCS Sponsored Marathons Generate $2.25 Billion for Local Economies and Spark $279 Million in Donations to Charity; Boosts the TCS Brand Globally
      View all
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      02 May 2025 TCS Ranked Denmark’s #1 IT Service Provider for Customer Satisfaction in 2025
      23 Apr 2025 TCS Partners with Google Cloud on Agent-to-Agent Interoperability Protocol to Drive Future-Ready Enterprises
      11 Apr 2025 TCS Partners with Google Cloud to Accelerate AI-led Transformation in the Retail Sector
      View all
    • Analyst recognition

      Recent recognitions

      22 Apr 2025 TCS Ranked #6 Amongst Banking Technology Providers and Recognized as a Regional Leader across all Geographies by Everest Group
      17 Apr 2025 TCS BaNCS Named a Leader Among Wealth Management Products by Everest Group
      01 Apr 2025 TCS Positioned as a Leader in Worldwide Discrete Manufacturing Product Lifecycle Management Strategic Consulting Services and Systems Integration by IDC MarketScape
      View all
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      11 Jun 2025 TCS and PTC Present the North America Leadership Forum 2025
      04 Jun 2025 Veeva R&D and Quality Summit: Developing Better Health Outcomes
      19 May 2025 TCS at Sapphire 2025
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    Share TCS BaNCS enhances its Algorithmic Trading capabilities; Integrates TCS BaNCS with Progress Apama® Complex Event Processing Platform
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    TCS BaNCS enhances its Algorithmic Trading capabilities; Integrates TCS BaNCS with Progress Apama® Complex Event Processing Platform

     

    Bedford, MA | Mumbai, India, June 28, 2011 (MARKETWIRE): Tata Consultancy Services (TCS), (BSE: 523540, NSE: TCS) a leading IT services, consulting and business solutions organization, and the Progress Software Corporation (NASDAQ: PRGS), a leading software provider, announced the integration of TCS BaNCS with Progress Apama® Complex Event Processing Platform to offer a customizable algorithmic trading solution to the market.

    TCS BaNCS is a comprehensive portfolio of financial solutions for banks, capital markets and insurance companies. TCS BaNCS Securities Trading, a flagship product of TCS BaNCS is a multi-asset, multi-market trading solution, which offers low-latency, high-performance trading to sell-side firms. With the addition of the capabilities of the Apama® platform, TCS BaNCS customers will gain access to customizable algorithmic strategies more popularly known as white box algorithms.

    Bharat Shah, Global Product Head, TCS BaNCS Securities Trading, said, “The TCS BaNCS Algorithmic Trading solution leverages the Apama® Complex Event Processing platform to help our clients create custom trading strategies and execute their trades quickly and easily. Our clients can now achieve significant competitive advantage by monitoring markets in real time, developing algorithmic trading strategies and calibrating them to exploit new business opportunities.”

    According to Paul Henaghan, Vice President and Managing Director, Progress Software (Asia Pacific), “We are witnessing massive growth in Asian capital markets and our partnership with Tata Consultancy Services will help us exploit new opportunities. The Apama® Complex Event Processing product enables TCS to expedite the deployment of unique capital markets trading strategies, giving customer organizations rapid time-to-market and return on investment.”

    Progress Software is recognized as a market leader with more than 150 deployments of the Apama® platform at top sell-side firms, buy-side firms, hedge funds and regulators, with companies such as ANZ, RBC, JP Morgan, Deutsche Bank and the UK FSA (Financial Services Authority).

    About Progress Software Corporation
    Progress Software Corporation (NASDAQ: PRGS) is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur - to capitalize on new opportunities, drive greater efficiencies and reduce risk. The company offers a comprehensive portfolio of best-in-class infrastructure software spanning event-driven visibility and real-time response, open integration, data access and integration, and application development and deployment - all supporting on-premises and SaaS / Cloud deployments. Progress maximizes the benefits of operational responsiveness while minimizing IT complexity and total cost of ownership. Progress can be reached at www.progress.com.

    About TCS Financial Solutions 
    TCS Financial Solutions is a strategic business unit of Tata Consultancy Services. Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS BaNCS. Our mission is to provide best–of-breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed-to-market for our clients. With a global customer base of more than 240 institutions operating in over 80 countries, TCS Financial Solutions deliver state-of-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, visit us at www.tcs.com/bancs.

    About Tata Consultancy Services Ltd. (TCS)
    Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of  IT,  BPS, infrastructure,  engineering and  assurance services. This is delivered through its unique Global Network Delivery Model™,recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 198,500 of the world’s best-trained consultants in 42 countries. The company generated consolidated revenues of US $8.2 billion for year ended March 31, 2011 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.

    TCS Financial Solutions Media Contacts

    Americas / Europe / UK
    Email: sunil.robert@tcs.com
    Phone: +1732 331 3084

    APAC
    Email: alex.goldrick@tcs.com
    Phone: +61 (2) 9318 1088

    India / Middle East and Africa
    Email: anjana.srikanth@tcs.com
    Phone: +91 80 6725 6963

    TCS Media Contacts

    Global

    Email: pradipta.bagchi@tcs.com

    +91 22 6778 9999

    India

    Email: ashish.babu@tcs.com

    +91 22 6778 9077

    Europe / UK

    Email: abhinav.kumar@tcs.com

    +32 2282 1927

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