Thomson Reuters has acquired the assets and business of Aegisoft, a US-based provider of electronic trading solutions and testing tools.

The acquisition of Aegisoft is likely to strengthen Thomson Reuters desktop transactions capability across exchange traded markets and is an important 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.

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.

The 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.

Stephen Wilson, global head of exchange traded instruments at Thomson Reuters, said: “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 work flow 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 work flow propositions to market through 2010.”