Imported from previous forum
[ original email was from Carrie Gallagher - cgallagher@aegisoft.com ]
New York, NY – March 21, 2006 - Aegis Software Inc., a New York-based provider of trading software, announced today that eSpeed, Inc. (NASDAQ: ESPD), a leading developer of electronic marketplaces and trading technology for the global capital markets, has chosen “Exchange Simulator” and “Client Simulator” for testing and verification of trading systems that are used in the Global FIX Connectivity Group.
Exchange Simulator allows developers, QA engineers and production support departments to verify trading systems against simulations of popular exchanges and ECNs, including NYSE, NASDAQ, ARCA, INET, LAVA, CME, CBOE and ISE. Several exchanges can be run simultaneously and each user can have their own virtual exchange. Exchange Simulator includes capabilities for functional, regression, conformance and load testing.
The Client Simulator emulates FIX connections coming in from customer environments. The product provides an easy-to-use interface for testing transactions as a client, and operates as a virtual order entry interface. Client Simulator allows users to follow transactions from beginning to end, with all associated FIX messages. A basic function of the software is to create test scripts that automatically verify a set of transactions. For fast troubleshooting, support engineers can also re-play FIX logs in order to recreate any problem experienced by a client.
“eSpeed’s adoption of our products validates the proposition that a quality order management system must have adequate testing tools,” said Norm Friedman, Vice President, Aegis Software. “FIX environments, especially for broker/dealers, tend to be very intricate – multiple lines in, multiple lines out, real-time feeds, order routing, reference databases, entitlements, credit verification systems, compliance, etc, and any failure, or even noticeable delay, is unacceptable. Aegis’ mission is to help make these complex trading environments bullet-proof, with easy-to-use QA test tools.”
About Aegis Software, Inc.
Headquartered in New York City, Aegis Software has been addressing the trading, connectivity and quality assurance needs of the financial industry since 1994. Aegis’ products include algoritmic trading software (“Athena”), FIX and CMS protocols, as well as an extensive array of testing and QA solutions. For more information, visit www.aegisoft.com or call 212-268-3100.
About eSpeed, Inc.
eSpeed, Inc. (NASDAQ: ESPD) is the leader in developing and deploying electronic marketplaces and related trading technology that offers traders access to the most liquid, efficient and neutral financial markets in the world. eSpeed operates multiple buyer, multiple seller real-time electronic marketplaces for the global capital markets, including the world’s largest government bond markets and other fixed income and equities marketplaces. eSpeed’s suite of marketplace tools provides end-to-end transaction solutions for the purchase and sale of financial and non-financial products over eSpeed’s global private network or via the Internet. eSpeed’s neutral platform, reliable network, straight-though processing and superior products make it the trusted source for electronic trading at the world’s largest fixed income and foreign exchange trading firms and major exchanges. To learn more, please visit www.espeed.com.
Media Contact:
Carrie Gallagher
Aegis Software Inc.
info@aegisoft.com