Jyske Bank Chooses Aegisoft's Exchange Simulator to Test FIX-based Trading System

17 November 2008

Aegisoft, a leading global provider of advanced electronic trading and FIX testing solutions, announced today that Jyske Bank (OMX: JYSK) has chosen and deployed Exchange Simulator to test trading with its preferred broker destinations.

The Exchange Simulator is a live, continuous trading environment designed for functional, regression and performance testing of trading systems. It simulates equities, options, futures and FX destinations and processes real-time market data from consolidated and direct-market feeds.

“Jyske Bank needed to be able to test and verify the behavior of its trading system for various complex scenarios,” commented Ole Vilstroem, Project Manager, Jyske Bank. “We conducted a thorough evaluation of several industry solutions. Aegisoft’s Exchange Simulator came out on top. Their testing solution has enabled us to successfully optimize development and tests related to our trading system implementation project dealing with FIX messaging,” added Mr. Vilstroem.

Headquartered in Silkeborg, Jyske Bank the second largest independent bank in Denmark, offers a full range of financial solutions to private customers and to small and medium-sized businesses.

“We are pleased to welcome Jyske Bank to our growing list of customers across Europe," said Steve Oppenheimer, Director of Marketing at Aegisoft. "It's exciting when a company like Jyske Bank, that's looking to expand its trading business, recognizes Aegisoft and Exchange Simulator as the company and product to help it achieve its business objectives."

Aegisoft’s suite of testing tools (Exchange Simulator, Client Simulator and T3) enable buy and sell side firms, exchanges, and ECNs to successfully test their trading systems and applications. It supports functional, regression and performance testing and is particularly useful in recreating real-time production problems. The all-around usefulness of the product assists developers, QA and support teams across the entire software development lifecycle.

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