Algorithmic gymnastics - keeping at least one vault ahead of the rest

John Bates's product design may be step-by-step improvements at Progress Software, but for his hedge fund clients, it can provide a giant leap ahead of their peers

Little may John Bates have realised, as he studied employee badge-tracking systems at Cambridge University in the late 1980's and early 1990's, that the same principles allowing the university to monitor where employees' little steps were falling in its buildings would one day underpin Bates's own work at Apama, then Progress Software, helping hedge funds take giant leaps ahead of their competitors on global markets.

Before 'cutting the umbilical cord' with the mother ship Academia and founding

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