News in brief: CQG expands functionality for fixed income traders

Progress Software launches market surveillance systemProgress Software has launched Progress Market Surveillance and Monitoring Solution Accelerator, which advances its real-time market monitoring and surveillance capabilities. It allows financial institutions, exchanges and regulators to detect patterns of abusive or erroneous trading activity and take action in real time to prevent trading fraud and abuse.When an unusual market event such as a rogue trade takes place, an alert is automatically generated in real-time, which signals that there is a potential issue. Such alerts can be...