Fixnetix Selects CameronFIX for Low Latency Enhancements to Hosted Co-location Services
Tier 1 European Investment Bank first customer to benefit
For Immediate Release: LONDON, Tuesday 2nd November 2010 — CameronTec, the financial industry’s leading provider of FIX infrastructure and connectivity solutions and wholly owned subsidiary of Orc Software, today announced UK-based provider of low latency market data and trading infrastructure, Fixnetix, has selected the CameronFIX Routing Hub and High Availability Solutions for its @ Source Hosted Co-location Services. The agreement was completed in Q1 2010 and is based on CameronTec's licensing subscription model.
Fixnetix customers such as investment banks and hedge funds will further benefit with the newly extended service for offering low latency FIX-to-FIX routing as well as the flexibility to leverage a Highly Available FIX service.
Operating some 18 co-location and proximity hosting centres across Europe and the US to support trading across all the major cash equities, futures, FX, commodities and bond markets, Fixnetix has completed roll-out of the CameronFIX solutions in it UK operations, with further plans to extend this worldwide.
“Fixnetix has a rapidly growing customer roster of leading investment banks, hedge funds and proprietary trading groups worldwide,” says Paul Ellis, Chief Operating Officer of Fixnetix. “Our successful innovation depends on organic and strategic partnership growth to fulfil all asset class low latency demands for data and trading.”
Michel Balter, Sales Director EMEA for CameronTec says market demand is growing for Fixnetix high value co-location offering low latency FIX services. “CameronTec is pleased that Fixnetix, a respected and fast growing provider of market data and trading infrastructure connectivity to financial institutions, has selected CameronFIX on the basis of scalability, low latency and flexibility to power its new low latency, Highly Available FIX offering.”
CameronFIX is the outcome of 13+ years continuous investment in FIX performance, scalability, interoperability and robustness. Larger investment firms, brokers, exchanges and regulators on all five continents, and an increasing number of boutique firms seeking high standards for FIX, use CameronFIX for their high performance FIX applications.
In line with our commitment to respond to customer needs and deliver performance enhancements through incremental CameronFIX version upgrades, CameronTec will release CameronFIX version 6.5 during Q4.
Meet CameronTec at Upcoming FIX Protocol Conferences:
During November CameronTec continues to exhibit at FIX Protocol organisation conferences. Visit our stand at the FPL Briefing in Stockholm on 23 November to learn more about our latest market innovation and meet our team members closest to you.
CameronTec is the financial industry’s leading provider of FIX infrastructure and connectivity solutions. Its latest market innovation Catalys takes FIX further and is the new industry reference for FIX ecosystems.
Catalys is based on the industry’s most widely installed FIX engine, CameronFIX. CameronFIX is universally regarded as the reference standard for reliable, mature FIX engine applications. It is the outcome of 13+ years continuous investment in performance, scalability, interoperability and robustness. CameronFIX is today used by boutique to larger investment firms, brokerage houses, exchanges and regulators in 25 countries, on all five continents.
With truly dedicated customer service at the core of everything we do, CameronTec has offices in London, New York, Chicago, Stockholm, Paris, Hong Kong and Sydney.
CameronTec is an Orc Software company (SSE: ORC) and premier member of the FIX Protocol organization.
About CameronTec Licensing
Standard license agreements follow CameronTec’s licensing subscription model; a flexible approach designed to streamline the customer on boarding process and provide ease of access to software updates, together with a mature support framework. Customers are invoiced quarterly, in advance, and revenue allocated to the invoicing period.
Fixnetix is in 26 co-location and proximity hosting centres across Europe and the US to support trading across all the major cash equities, futures, FX, commodities and bond markets. The company offers both raw and ultra low latency normalised market data services, as well as low latency trading access for member firms and sponsored trading access to over 55 + markets.
Fixnetix's direct ultra low latency market data feed solutions are fast, reliable and flexible, featuring best-of-breed high performance feed handler technology, dual ticker plant technology and unparalleled high bandwidth provisions. Feeds are available in multiple formats for quick and seamless integration, offering full redundancy throughout the entire delivery mechanism, and are provided on-the-wire reducing support and implementation costs and timeframes.
About Orc Software
Orc is a leading provider of technology and services for the global financial industry. Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Available as deployed software or as managed services, Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions. Orc Software is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).
Annie Walsh, Chief Marketing Officer, CameronTec +44 (0)7748 633445
Karen Bertoli, Chief Marketing Officer, Fixnetix +1 312 399 7878
Michel Balter, Sales Director EMEA, CameronTec, email@example.com