The new office will provide a platform for Aegis to meet growing international demand for its market leading solutions and provide advanced support for its current global customer base. Aegis' comprehensive solution suite supports multi-asset trading requirements, from buy-side quantitative funds and hedge funds engaged in algorithmic and statistical-arbitrage, to sell-side firms engaged in program, principal, agency, derivatives and proprietary trading.

"There is a growing desire amongst trading companies in Europe to gain a competitive advantage by having access to the right technology," said Norm Friedman, Vice President, Aegis Software. "Increasingly, our customers have become more sophisticated, wanting greater control over trade execution, and more efficient direct market access. The heightened demand for algorithmic trading functionality amongst European quantitative trading desks and the popularity of spread trading across the energy futures markets were also factors for opening an office in London," added Friedman.

Aegis' AthenaTrader product offering is a broker-neutral execution management platform that aggregates an entire market. It enables traders to view numerous instruments and multiple currencies, concurrently, in the same portfolio or blotter across the network or around the world.

"Our work in Europe has continued to increase, making a physical presence in the region of clear strategic significance for the company and our clients," said Stan Adelman, President of Aegis Software. "This represents a remarkable opportunity for us to bring our resources and capabilities to bear in a market that is ripe with potential," added Mr. Adelman.

The London-based office is comprised of a staff of Sales, Business and Technical support. The new office will be headed by Malcolm Piper, Manager, European Sales. Mr. Piper, has significant understanding of trade process management and international experience in advancing support for a growing European customer base.