SOURCE: Aegisoft LLC

June 24, 2008 10:02 ET

Aegisoft Announces New Release of FIX-Based Toolset to Assist Brokers in the Development of Trading Algorithms

Industry's First Test Tool to Support the FIX Algorithmic Trading Definition Language (FIXatdl(SM))

NEW YORK, NY--(Marketwire - June 24, 2008) - Aegisoft, a premier global provider of high performance trading and testing solutions, today announced the release of Client Simulator and Exchange Simulator 8.1. Aegisoft's comprehensive toolset, designed to test across the entire trade lifecycle, has long been the choice of broker-dealers for automated, regression, interactive and performance testing of FIX-based trading systems. The result is improved information visibility, access and decision making, which ultimately allows companies to quickly deploy their order management systems for optimal performance.

Client Simulator 8.1 Feature Highlights:

--  Aegisoft's Client Simulator is the industry's first test tool to
    support the FIX Algorithmic Trading Definition Language (FIXatdl). FIXatdl
    is the language that defines the format for specifying the parameters for
    algorithms. Client Simulator 8.1 processes FIXatdl formatted algorithms,
    displaying the appropriate user interface and generating corresponding FIX
    tags. This functionality benefits broker-dealers who want to verify their
    FIXatdl definition, with a light-weight OMS. The FIXatdl 1.1 standard, as
    newly announced by FPL, is fully supported (for reference, see
    http://fixprotocol.org/FIXatdl).
    
--  Newly enhanced internationalization support now enables users from
    around the globe to send international text using FIX encoded tags. This
    functionality aids all users testing in an international environment using
    Unicode data over FIX.
    

"Aegisoft's FIX-based testing suite plays a vital role in our testing and development lifecycle," commented Ram Ayyadurai, Equities IT, Credit Suisse. "The exchange and client simulator applications offer the ability to easily create multiple unique test scenarios, correlated with market data, and validate our internal order management systems against exchange compatibility. Aegisoft's tools empower us with greater control in application testing, and help us meet the much needed quick-time to market requirement necessary to compete in today's markets."

Exchange Simulator 8.1 Feature Highlights:

--  Exchange Simulator (ExSim) is the industry's first test tool to
    validate an order management system against simulation of an FX ECN.
    

"The significant expansion in electronic FX trading activity, driven by the growth of algorithmic trading, has created a desire among market participants to validate the performance of their order management systems using a simulation of an FX ECN," noted R. Keith Lite, Global Director Business Development, Hotspot FXi. "Simulation tools benefit the marketplace by enabling FX trading firms to validate their OMS more quickly and efficiently."

--  Support is now available for Chi-X, PHLX and NYSE CCG exchanges. These
    additional destinations allow Equities and Options traders to greatly
    increase the scope of their testing environment.
    

"Our main mission is to develop the most advanced trading and testing tools to ensure that our clients can continually expand their trading business, improve decision making and mitigate risk while leveraging opportunities in today's ever changing securities markets," commented Steve Oppenheimer, Director of Marketing, Aegisoft.

About Aegisoft

Aegisoft is the developer of AthenaTrader, an algorithmic execution management system (EMS) for Equities, Futures, Options and Foreign Exchange. 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 FIX-based trading systems. Aegisoft provides unmatched trading solutions to clients such as Citigroup, Credit Suisse, Daiwa Securities, Deutsche Bank, JP Morgan Chase, Lehman Brothers, Royal Bank of Scotland and many others. For more information please visit www.aegisoft.com.

Contact Information

  • For more information contact:

    Aegisoft LLC
    Steve Oppenheimer
    Director of Marketing
    +1-212-651-9464
    Email Contact