SOURCE: Aegisoft, LLC

Aegisoft, LLC

September 14, 2009 10:01 ET

Sector Asset Management Implements Aegisoft's AthenaTrader for FX Market Aggregation

NEW YORK, NY--(Marketwire - September 14, 2009) - Aegisoft, a leading provider of global trading solutions, software and professional services, announced today that Sector Asset Management has deployed AthenaTrader for algorithmic trading of foreign exchange. Sector's investment managers are now using the platform to connect to various trading venues to manage their alpha-seeking strategies.

Sector Asset Management, among the leading hedge fund managers in Scandinavia, joins the growing ranks of banks, brokerage firms and hedge funds to have selected AthenaTrader as its execution management platform for foreign exchange trading. Sector Asset Management is a leading edge, independent, specialist capital management firm whose clients include institutions and professional investors.

"We needed a platform that not only met our requirements for execution, order and risk management, but was flexible enough to allow us to modify it for proprietary purposes," said Eyup Saltik, Investment Manager at Sector Asset Management. "We chose AthenaTrader because of its advanced features, open programming interface and a very responsive and accessible professional services team," added Saltik.

Buy-side firms are placing increased importance on technology that delivers a single point of access to fragmented market liquidity, in order to establish the right price and depth. AthenaTrader customers gain a holistic view of the market -- either aggregated or by venue, by price or by quantity breakpoint -- enabling them to deploy trading strategies that span liquidity pools and quickly capitalize on real-time market opportunities. Users of AthenaTrader benefit from sharper pricing, lower latency and better execution on every trade, all with just a single click (or API call) on an aggregated book.

"Sector required a robust and proven execution management system to trade in the FX marketplace," said Steven Santivenere, Director of Sales, at Aegisoft. "Their investment managers demanded quick access to liquidity pools, coupled with outstanding product support and service. Sector performed a comprehensive search for a state-of-the-art system and even compared AthenaTrader to some of the leading complex-event processing (CEP) systems. It's now been proven that their efforts have been rewarded, as Sector has come to realize the full value of our offering, in both product and service. We look forward to assisting Sector in managing its growing portfolio of business."

The addition of Sector Asset Management as a customer further extends Aegisoft's growing market presence in the European region.

About Aegisoft

Since 1994, Aegisoft has been providing innovative trading solutions, software and services to the global financial marketplace. 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 is used by 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.

In addition, Aegisoft's FIXTest Marketplace is considered the industry standard for automated, regression, interactive and performance testing of trading systems. More information is available at www.aegisoft.com.

Contact Information

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