Aegisoft Provides Access to Foreign Exchange Liquidity From Major Banks
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NEW YORK, NY, Jun 24 (MARKET WIRE) --
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.
Media contact:
Aegisoft, LLC
Steve Oppenheimer
Director of Marketing
+1-212-651-9464
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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