"There is a growing desire amongst trading companies in Europe to gain a competitive advantage by having access to the right technology," said Norm Friedman, Vice President, Aegis Software. "Increasingly, our customers have become more sophisticated, wanting greater control over trade execution, and more efficient direct market access. The heightened demand for algorithmic trading functionality amongst European quantitative trading desks and the popularity of spread trading across the energy futures markets were also factors for opening an office in London," added Friedman.
Aegis' AthenaTrader product offering is a broker-neutral execution management platform that aggregates an entire market. It enables traders to view numerous instruments and multiple currencies, concurrently, in the same portfolio or blotter across the network or around the world.
"Our work in Europe has continued to increase, making a physical presence in the region of clear strategic significance for the company and our clients," said Stan Adelman, President of Aegis Software. "This represents a remarkable opportunity for us to bring our resources and capabilities to bear in a market that is ripe with potential," added Mr. Adelman.