Aegisoft Provides Access to Foreign Exchange Liquidity From Major Banks

Market Wire, June, 2009

Aegisoft , a leading provider of global trading solutions, is pleased to report that its real-time market aggregation and algorithmic trading platform, AthenaFX (TM), now provides connectivity to foreign exchange liquidity from the world's largest financial institutions including Barclays, JP Morgan Chase, Citigroup, Deutsche Bank, HSBC, Morgan Stanley and UBS.

Most banks maintain FX trading via the FIX Protocol Specification, in support of both executable streaming prices and the Request for Quote trading model. When streaming prices, dealable updates are continually sent, while the RFQ model will transmit quote updates until the client trades or the time-to-live timer expires. Banks are an important source of liquidity, trading in dozens of currencies and in hundreds of pairs, up to two or three years forward.

"In today's rapidly moving and fragmented FX market, traders need a fast and easy way to access multiple liquidity venues in order to establish the right price and depth. Our customers gain a holistic view of the market -- either aggregated or by venue, by price or by quantity breakpoint -- enabling them to deploy FX trading strategies that span liquidity pools and quickly capitalize on real-time market opportunities," said Norm Friedman, Vice President at Aegisoft. "Users of AthenaFX benefit from sharper pricing, lower latency and better execution on every trade, all with just a single click on an aggregated book," Friedman added.

"Professional users are placing increased importance on technology that delivers a single point of access to market liquidity, combined with a common trading record. By delivering efficiency gains, this technology enables users to retain more trading value," said Justyn Trenner, CEO & Principal, ClientKnowledge.

From customizable trading "personalities" to stealth algorithms that arbitrage across multiple venues, AthenaFX provides unique functions for access to the entire FX marketplace. Banks, brokers and buy-side institutions are drawn to AthenaFX for its easy-to-use aggregated interface, algorithmic capability and its demonstrated speed and stability.

For more information or to see a demo of AthenaFX, please visit our booth (#2513) at the SIFMA Technology Management Conference in New York June 23-25.

About Aegisoft

Since 1994, Aegisoft has been providing innovative solutions for the financial community. Aegisoft's AthenaTrader is a multimarket, broker-neutral execution management system (EMS) for trading equities, foreign exchange, futures and options. It is a high-performance and configurable platform that has been deployed at large banks, hedge funds and proprietary trading firms throughout the world. In addition to trading solutions, Aegisoft's testing products -- Exchange Simulator , Client Simulator and T3 -- are considered the industry standard for automated, regression, interactive and performance testing of trading systems. Clients include high frequency proprietary traders, buy-side desks seeking minimal market impact, market makers relying on automated trading technology and low latency agency brokers around the world.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Media contact: Aegisoft, LLC Steve Oppenheimer Director of Marketing 1-212-651-9464 Email Contact