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Financial Technologies taps Aegisoft to test FIX-based trading gateway

27 July 2009  |  1416 views  |  0 Source: Aegisoft

Aegisoft, a leading global provider of multi-market high performance trading platforms and FIX validation solutions, announced today that Financial Technologies India Ltd. (FTIL), a world leader in trading technology and development of next generation, multi-asset financial markets, has selected Aegisoft's Client Simulator to test FTIL's FIX-based trading gateway, a key component within its exchange trading ecosystem.

The companies will also co-market Client Simulator to member exchanges.

The Financial Technologies Group is among the global leaders in offering technology IP and domain expertise to create and operate next-generation financial exchanges that are transparent, efficient and liquid, across all asset classes including equities, commodities, currencies and bonds among others. The company operates one of the world's largest networks of 10 exchanges connecting fast-growing economies of Africa, Middle East, India and South East Asia. FTIL's FIX Gateway adaptor is connected with 12 exchanges and is adaptable with all the leading international exchanges in the world.

Mr. Dewang Neralla, Co-founder & Director (Technology), Financial Technologies India Ltd., said, "With Financial Technologies being a market leader in providing solutions for financial exchanges, it is imperative we provide the highest level of quality and that our solutions are able to cater to the complex evolving needs of the marketplace. Today, our FIX gateway is adaptable with most of the world's exchanges. In order to ensure that we are able to handle complex scenarios in our FIX gateway, we have selected Aegisoft's Client Simulator. I am sure Client Simulator from Aegisoft will enhance testing capabilities of our FIX gateway, while at the same time will help us in assisting exchange ISVs as well as exchange members with better and faster trouble shooting."

"Aegisoft continues to experience rapid expansion across geographies and markets due to its breadth and depth of offerings," said Stan Adelman, President of Aegisoft. "As the FIX Protocol continues to grow in its importance and spreads across the global marketplace, ensuring a robust and reliable FIX-based trading platform is essential. We are pleased that a world leader in trading technology and exchange business like Financial Technologies has selected our Client Simulator. I am sure that our partnership will be useful for FTIL to help define new benchmarks in FIX Gateway and offer futuristic trading technology solutions to the global financial markets."

Client Simulator acts as a fully-featured simulation of buy-side clients for the purpose of testing inbound FIX order flow. Client Simulator reduces development and QA cycles so that customers can release their trading system faster and deliver the highest quality software.

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