SOURCE: Aegisoft, LLC

Aegisoft, LLC

April 13, 2009 10:15 ET

Capgemini Signs an Agreement With Aegisoft to Develop FIX Engine Validation Solutions for the Capital Markets Industry

NEW YORK, NY--(Marketwire - April 13, 2009) - Aegisoft, a leading global provider of multi-market high performance trading platforms and FIX validation solutions, and Capgemini Financial Services USA Inc. ("Capgemini"), one of the world's foremost providers of consulting, technology and outsourcing services, today announced that they signed an agreement to jointly develop an end-to-end FIX validation solution. The solution will be backed by Aegisoft's proven technology and Capgemini Financial Services Global Business Unit's internationally recognized services.

The Financial Information eXchange ("FIX") Protocol is the industry-driven messaging standard that is changing the face of the global financial services sector, as firms adopt the protocol to transact in an electronic, transparent, cost-effective and timely manner. The ever-increasing trading volumes and market data messaging rates heighten the importance for trading entities to use a FIX-based solution. This increases the importance of ready-to-use software, packaged with services offered by a company with worldwide reach, and whose staff has substantial, relevant experience and domain knowledge. The solution aims at providing accelerated time to market, reducing the cost of quality control, and is expected to provide competitive advantages for the customer.

Capgemini's professional services for FIX engine validation will be backed by Aegisoft's technology so customers will have scalable and robust FIX engines supporting their global trading needs. The solution is expected to have the potential to transform the FIX implementation by reducing the time to market and cost involved.

"Aegisoft is the established leader providing software used to validate FIX-based trading systems. Their suite of FIX validation products are considered the industry standard for automated, regression, interactive and performance validation of trading systems," said Charlie Li, senior vice president in the Global Testing Practice at Capgemini's Financial Services Business Unit. "FIX Engines are the backbone of trading applications, and we are pleased to have found a proven teaming partner to bring validation solutions for FIX to the market."

"We are excited to join forces with Capgemini," said Stan Adelman, president of Aegisoft. "As the FIX Protocol continues to grow in its importance and spreads across the global marketplace, the day-to-day significance of a robust and reliable FIX-based trading platform is extremely strategic. Alignment between business and IT teams is at a critical junction, and Capgemini has a long history of helping customers address this challenge, and improve their application quality while reducing development costs. Our solution offers a package of the industry's leading FIX validation tools together with best-of-breed professional services to give customers the ultimate end-to-end FIX engine validation solution."

About Capgemini

Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working -- the Collaborative Business Experience -- and through a global delivery model called Rightshore®, which aims to offer the right resources in the right location at competitive cost. Present in more than 30 countries, Capgemini reported 2008 global revenues of EUR 8.7 billion and employs over 90,000 people worldwide.

More information is available at www.capgemini.com.

Capgemini's Financial Services Global Business Unit (FS GBU) brings deep industry experience, enhanced service offerings and next generation global delivery to serve the financial services industry. With a network of 10,000 professionals serving over 900 clients worldwide, the FS GBU collaborates with leading companies in banking, insurance, and capital markets to create tangible value. For more information please visit www.capgemini.com/financialservices.

About Aegisoft

Since 1994, Aegisoft has been providing innovative solutions for the financial community. Aegisoft's AthenaTrader is a multi-market, 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. More information is available at www.aegisoft.com.

Rightshore® is a trademark belonging to Capgemini.

Contact Information

  • Media contacts:
    Aegisoft
    Steve Oppenheimer
    Director of Marketing
    +1-212-651-9464
    Email Contact

    Capgemini Financial Services
    Lisa Desmond
    Corporate Communications
    +1-786-251-8413
    Email Contact