Source: Aegis Software
Aegis Software Inc., a leading provider of high performance, multi-asset trading solutions, announced today that it has successfully completed CME Group certification for FIX/FAST market data format.
FIX/FAST is the basis for CME Group's new market data distribution and offers reduced latency at both average and peak message rates.
"Trading today has become an arms race," said Norm Friedman, Vice President of Aegis Software. "FIX/FAST is an important strategic weapon in our arsenal. It offers higher bandwidth and reduced latency at both average and peak message rates, allowing customers using our AthenaTrader Execution Management System (EMS) to get to market ever so faster," added Mr. Friedman.
AthenaTrader is an agile solution designed for traders who need fast execution and reliable connectivity to exchanges and liquidity pools. AthenaTrader supports proprietary traders who write their own algorithms and strategies, buy-side desks seeking best execution with minimal impact, sell-side market makers or agency brokers executing orders on behalf of clients.
"Concord Energy recently selected AthenaTrader because it was both faster than any other EMS we tested in the marketplace and the personal attention that Aegis showed us," said Shawn McLaughlin, Senior Vice President, Concord Energy LLC. "Aegis' support for the new FIX/FAST protocol will reduce end-to-end latency and further improve our speed to market," added Mr. McLaughlin.