Exchange Simulator, which currently supports BRUT, Lava, CME, SuperMontage, NYSE DOT, AMEX, Arca, INET, ISE and NITE simulation, is a real-time, interactive trading environment used by developers, QA and production support departments to verify the functionality of their order management systems. Multiple exchanges can be supported simultaneously using protocols such as FIX, CMS and CTCI, with each exchange using its own set of rules. European and Asian exchanges will be supported later this year. In addition to their onsite offering, Aegis has addressed the growing trend of offshore, outsourced development with ExchangeSimulator.com, a 24x7 ASP service.

"FTEN's technology, developed by the architects of Western Union's international money funds transfer system and exchange applications for Tandem Computers, was initially deployed in Asian markets including Taiwan, where three of the top five securities firms use FTEN technology," said Ted Myerson, founder and CEO of FTEN. "When we began U.S. implementations in 2002, we arranged for ASP access to the Aegis Exchange Simulator to ensure compatibility with major U.S. exchanges. Since then, the Exchange Simulator has become such an integral-component of our strategy for keeping pace with increasing client demand that we decided to make a long-term commitment to the product. FTEN looks forward to an ongoing, positive relationship with Aegis."

"FTEN is a global vendor of sophisticated securities trading systems, delivering their service in many different trading environments" said Norm Friedman, a vice president at Aegis Software. "Having a rigorous testing capacity that is totally under the user's control and, at the same time, customized differently for each trading venue, is of great value to FTEN."

Aegis will run demonstrations of Exchange Simulator 4.0 at the SIA Technology Management Conference in New York June 8-10.