Scandinavian hedge fund manager Sector Asset Management has implemented AthenaTrader, an execution management system from trading technology provider Aegisoft, for algorithmic trading of foreign exchange.
Sector’s investment managers are now using the platform to connect to various trading venues to manage their alpha-seeking strategies. The addition of Sector as a customer extends Aegisoft’s market presence in Europe.
“We needed a platform that not only met our requirements for execution, order and risk management, but was flexible enough to allow us to modify it for proprietary purposes,” said Eyup Saltik, investment manager at Sector Asset Management, in a statement. “We chose AthenaTrader because of its advanced features, open?programming interface and a very responsive and accessible professional services team.”
According to Aegis, buy-side firms are placing increased importance on technology that offers a single point of access to fragmented market liquidity.
The firm said AthenaTrader gives users a holistic view of the market, either aggregated or by venue, price or quantity, allowing them to deploy trading strategies that span liquidity pools and capitalise on real-time market opportunities quickly.