Thomson Reuters Boosts Electronic Trading Capabilities To Offer Direct Market Access Through Acquisition Of Aegisoft
New York – Thomson Reuters today announced that it has acquired the assets and business of Aegisoft, a US-based provider of electronic trading solutions and testing tools.
Aegisoft has built its business on the Athena product line, a multi-asset trading platform which provides order and execution management, exchange connectivity and foreign exchange aggregation, as well as client and exchange simulators.
This high-performance, flexible, multi-asset trading platform is designed to support diverse trading requirements, from buy-side quantitative funds and hedge funds engaged in algorithmic and statistical-arbitrage, to sell-side firms engaged in agency and proprietary trading.
The acquisition of Aegisoft strengthens Thomson Reuters desktop transactions capability across exchange traded markets and is a significant step forward in its strategy to offer clients, broker sponsored direct market access (DMA) through both its terminals and order routing networks. Thomson Reuters desktop customers will now have direct access to both exchanges and alternative trading systems.
By providing direct market connectivity through Thomson Reuters Trading for Exchanges (TRTEx) from a desktop or through a FIX interface via Thomson Reuters Order Routing Networks, the company will significantly broaden its global transactions offering for broker dealers, investment firms and hedge funds. This further reinforces Thomson Reuters continued investment and commitment to providing the premier information and trading desktop across exchange traded markets.
“Thomson Reuters acquisition of Aegisoft helps take our transactions platform for exchange traded markets to the next level to meet the growing demand for clients seeking DMA and more sophisticated trading support tools. Consolidating our complete transactions workflow into a simple, powerful trading platform within the desktop will bring greater efficiencies and improve trading opportunities for our clients. We are excited about the capabilities this acquisition brings for our customers and look forward to bringing further workflow propositions to market through 2010,” said, Stephen Wilson, Global Head of Exchange Traded Instruments, Thomson Reuters.
Terms of the agreement were not disclosed.
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to thomsonreuters.com.
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