Aegisoft Rolls Out Algo Back Tester

"It will allow people to measure the success of their algorithms against real-time or historical market data," says Steve Oppenheimer, director of marketing with Aegisoft. "They can see [their algorithm's performance] in their order book before they put them in production."

The new offering is based on technology that the vendor has been using in its Exchange Simulator product, which has been available since 2001, says Norm Friedman, a vice president with Aegisoft.

According to Friedman, unlike

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