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Aegis Software Extends Algo Trading to Energy Futures.


First Software Vendor to Certify with the Latest ICE Technology

CHICAGO -- Today at the 22nd Annual FIA FIA

feline infectious anemia.
 Futures & Options Expo, New York-based Aegis Software Inc. announced that its AthenaTrader platform now supports direct connectivity to the Intercontinental Exchange (ICE). The AthenaTrader is an Execution Management System (EMS) for global equities, futures, options and foreign exchange, with extensive support for algorithmic, quantitative, portfolio and basket trading. ICE is a leading electronic marketplace for trading energy futures and OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 commodity products for oil, natural gas, power and emissions. Having officially certified with the ICE, AthenaTrader customers can now connect directly to the ICE to trade futures and OTC cleared contracts.

ICE offers a FIX 4.2 based interface that enables third party applications to access ICE's markets. A new feature of the interface is the ability to access market data via the FIX protocol. This feature reportedly offers substantially higher performance over the legacy market data API, and Aegis is the first ISV (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer.  to certify with this new market data FIX interface.

"In today's financial marketplace asset managers, hedge funds and brokerage houses continue to rely on advanced technology to gain competitive edge," said Norm Friedman, Vice President at Aegis. "Athena's support of ICE is consistent with Aegis' strategy of offering the fastest, most direct connectivity to all major liquidity pools. Energy trading is so fast paced, NYMEX See New York Mercantile Exchange.

NYMEX

See New York Mercantile Exchange (NYM).
 has listed some contracts on the CME CME

See: Chicago Mercantile Exchange


CME

See Chicago Mercantile Exchange (CME).
 and, in a similar vein, many of our Athena customers want direct high speed access to the ICE".

ICE operates the leading market for trading Brent crude futures, a key benchmark for pricing crude oil, as well as trading cleared Henry Hub contracts, the most actively traded natural gas hub in North America. "This gives us a more cost-effective alternative to NYMEX contracts", said Mark Frank of InTrade LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, "and it expands our opportunities to arb between the exchanges".

About Aegis Software

Aegis Software has been addressing the trading and quality assurance needs of the financial services industry since 1994. Aegis' products include algorithmic trading ("Athena"), FIX, CMS (1) See content management system and color management system.

(2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system.
, CTCI CTCI Computer to Computer Interface  and LiffeConnect protocols ("Athena Gateway Server"), as well as the premier FIX testing solutions in the industry: Exchange Simulator and Client Simulator. For more information, visit www.aegisoft.com, email info@aegisoft.com, or call 212-268-3100.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Company overview
Date:Nov 28, 2006
Words:378
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