‘Bringing everything to the desktop’. Thomson Reuters Acquires Aegisoft

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Author: tester (10 Articles)

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‘Bringing everything to the desktop’ is a common theme in our day and age of super-connectivity.

As part of Thomson Reuters efforts to provide more to market players above and beyond financial data and analysis, the company acquired Aegisoft last month, a leading a 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 acquisition emphasizes the multidimensionality of Thomson Reuters. No longer simply a database, Thomson Reuters is quickly becoming a platform for portfolio management and execution.
Aegisoft’s expertise lays in exchange connectivity and foreign exchange aggregations. Thomson Reuters provides buy-side traders with direct access to the exchanges. The two alternative trading systems through Thomson Reuters, the Trading for Exchanges via desktop and the FX interface through the vendors’ order routing networks, make it possible to bypass local brokerage firms and other exchange members in the trading procedure. With ArenaFX market aggregating, market platfrom name, it will be possible to trade faster in a more automated and increasingly fragmented environment. Athena FX is more than an aggregator, it adds intelligence, functionality and control beyond what is offered by most competitors.
Another nifty platform is Athena Trader, a high performance, flexible platform with a feature-rich, intuitive API. Clients use Athena Trader to develop their proprietary alpha seeking, arbitrage or market making algorithms and strategies. The company provides a number of trading solutions that examine almost every aspect of the trading enviroment. From trading systems to back office support, the company supplies adequate products to the trading cycle.

The acquisition of Aegisoft strengthens Thomson Reuters’ desktop transaction capabilities across exchange traded markets. Also, this acquisition signifies a major step forward in Thomson Reuters’ strategy to offer clients broker-sponsored direct market access (DMA) through both terminals and order routing networks. Therefore, Thomson Reuters’ desktop customers will now have direct access to both exchanges and alternative trading systems.

By providing direct market connectivity through either Thomson Reuters Trading for Exchanges (RTEx) from a desktop or through a FIX interface via Thomson Reuters Order Routing Networks, the company will significantly broaden its global transactions for broker dealers, investment firms and hedge funds. This further reinforces Thomson Reuters’ continued commitment to providing both premier information and a trading desktop across most exchange trade markets.