Imported from previous forum
[ original email was from Carrie Gallagher - cgallagher@aegisoft.com ]
NEW YORK, June 19, 2007 – Today at the Securities Industry and Financial Markets Association Conference, Aegis Software Inc. announces that is has passed conformance as an Independent Software Vendor (ISV) for the iMpact Data Feed on The Intercontinental Exchange (ICE). iMpact provides faster connectivity to ICE pricing, and is seen as the replacement for ICE’s FIX interface to market data. Support for ICE’s iMpact is available immediately from Aegis.
Aegis Software is the developer of Athena, an Execution Management System (EMS) for global equities, futures, options and foreign exchange, with extensive support for algorithmic, quantitative, portfolio and basket trading. ICE is a leading electronic marketplace for trading energy futures and OTC commodity products for oil, natural gas, power and emissions. Using the iMpact data feed, Athena users can execute several milliseconds faster – of crucial importance for spread trading, such as intra-market (calendar) spreads and inter-market (crack) spreads, or when pursuing arbitrage opportunities across exchanges, such as natural gas trading on ICE vs. CME/NYMEX.
“The entire industry is on the move,” said Norm Friedman, Vice President of Aegis Software. “ICE is offering the new iMpact feed, CME is going with FAST, and NYSE Euronext has deployed the Common Customer Gateway (CCG) – all focused on reducing trading latency. And it’s not just exchanges and ECNs – it’s the Buy side and Sell side too. Everyone is obsessed with performance.”
About Aegis Software
Since 1994, Aegis Software has been creating powerful, sophisticated and easy to use trading software and services for financial companies that demand performance, robustness, availability, and flexibility. Aegis is the developer of Athena, an algorithmic execution management system (EMS) for equities, options, futures, and foreign exchange trading. In addition to trading solutions, Aegis’ testing products – Exchange Simulator, Client Simulator and T3 – are considered the industry standard for automated, regression, interactive and performance testing of FIX-based trading systems. For more information visit www.aegisoft.com or contact info@aegisoft.com.
Media Contact:
Carrie Gallagher
Aegis Software Inc.
212-651-9490