Imported from previous forum
[ original email was from Carrie Gallagher - cgallagher@aegisoft.com ]
Aegis Software Increases Speed to Market for Futures Traders
Completes CME Group Certification for FIX/FAST Market Data Format
New York, November 26, 2007 – Aegis Software Inc., a leading provider of high performance, multi-asset trading solutions, announced today that it has successfully completed CME Group certification for FIX/FAST market data format. FIX/FAST is the basis for CME Group’s new market data distribution and offers reduced latency at both average and peak message rates.
“Trading today has become an arms race,” said Norm Friedman, Vice President of Aegis Software. “FIX/FAST is an important strategic weapon in our arsenal. It offers higher bandwidth and reduced latency at both average and peak message rates, allowing customers using our AthenaTrader™ Execution Management System (EMS) to get to market ever so faster,” added Mr. Friedman.
AthenaTrader is an agile solution designed for traders who need fast execution and reliable connectivity to exchanges and liquidity pools. AthenaTrader supports proprietary traders who write their own algorithms and strategies, buy-side desks seeking best execution with minimal impact, sell-side market makers or agency brokers executing orders on behalf of clients.
“Concord Energy recently selected AthenaTrader because it was both faster than any other EMS we tested in the marketplace and the personal attention that Aegis showed us,” said Shawn McLaughlin, Senior Vice President, Concord Energy LLC. “Aegis’ support for the new FIX/FAST protocol will reduce end-to-end latency and further improve our speed to market,” added Mr. McLaughlin.
Aegis product specialists will be discussing the growing demand for algorithmic trading functionality at the FIA Annual Futures & Options Expo in Chicago, November 27-29. For more information on AthenaTrader, please contact 212-651-9464 or e-mail info@aegisoft.com.
About Aegis Software
Since 1994, Aegis Software has been innovating in the face of ever changing market structures. Aegis products have been developed by teams comprising traders, quantitative analysts and IT developers, so our clients can be sure that it’s been designed by people who really understand how the market works. Today, we continue to develop powerful, intelligent and user-configurable trading software and services for clients that demand performance and reliability. Aegis is the developer of AthenaTrader, an algorithmic execution management system (EMS) for Equities, Futures, Options 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. Aegis provides unmatched trading solutions to clients such as Citigroup, Credit Suisse, Deutsche Bank, JP Morgan Chase, Lehman Brothers and many others. For more information please visit www.aegisoft.com.
For more information contact:
Aegis Software Inc.
Steve Oppenheimer
Director of Marketing
212-651-9464
soppenheimer@aegisoft.com