CameronTec announces Societe Generale Corporate & Investment Banking powers new FX API Infrastructure with CameronFIX
For Immediate Release: Paris, London & New York, Tuesday 22 June 2010 — CameronTec, the financial industry’s leading provider of FIX infrastructure and connectivity solutions, today announced during SIFMA’S FST Expo in New York that Societe Generale Corporate & Investment Banking has selected the CameronFIX Engine for its Fixed Income and Currency FIX infrastructure requirements. The contract was completed in Q1 and is based on CameronTec's licensing subscription model.
Societe Generale Corporate & Investment Banking’s Stephane Malrait, Global head of eCommerce says they decided on CameronFIX after a detailed analysis of its broader FIX requirements. “Societe Generale Corporate & Investment Banking’s primary objective is to offer high-quality services to our clients and to provide better trading processes and best execution services. We remain committed to extending our offering to clients as highlighted by our recent launch of our FIX eCommerce API platform.”
“We are pleased to be part of Societe Generale Corporate & Investment Banking’s strategic initiative in Global Foreign Exchange,” says Michel Balter, Sales Director EMEA of CameronTec. “CameronFIX will provide the FIX backbone for the bank’s Global FX distribution architecture and play a central role in API Trading and Data Streaming. Following a thorough assessment of their FX/MM systems and architecture, CameronFIX was selected based on its superior performance, scalability and high availability, and through satisfying rigorous requirements on low latency and high throughput.
CameronFIX is the outcome of 12+ 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. What is clear and apparent for most, is the criticality their FIX applications will play in their pursuit of liquidity amid continued market fragmentation and the emergence of new venues and distribution channels.
CameronTec is currently exhibiting at SIFMA’S FST Expo in New York until June 24, stand # 1416A.
About CameronTec
CameronTec is the financial industry’s leading provider of FIX infrastructure and connectivity solutions; its flagship product CameronFIX universally regarded as the reference standard for reliable, mature FIX engine applications. It is the only long-established FIX engine that delivers continuous, compelling version upgrades.
With truly dedicated customer service at the core of everything we do, CameronTec has offices in London, Paris, Stockholm, New York, Chicago, Hong Kong and Sydney. CameronTec is an Orc Software company (SSE: ORC).
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.
About Société Générale Corporate & Investment Banking
At the core of Société Générale’s universal banking business model, the Corporate & Investment Bank is a well-diversified and leading player with nearly 11,000 professionals present in 33 countries across Europe, the Americas and Asia-Pacific.
Standing by its clients across sectors, the Corporate & Investment Bank tailors solutions for them by capitalising on its worldwide expertise in investment banking, global finance, and global markets.
For Corporates, Financial Institutions and public sector: providing a global advisory approach (M&A, debt, equity transaction, capital structure, and asset & liability management), as well as quality capital raising solutions across the debt and equity spectrum, optimised financing and expert risk management responses notably in the realm of foreign exchange and rates derivatives.
For investors: offering reliable and sound investment opportunities and risk management solutions through its integrated global markets platform delivering seamless access to markets (equity, rates, credit, currencies, commodities and derivatives), as well as advice and solid financial engineering, quality of execution and forward-looking research across asset classes.
Media Contacts:
Annie Walsh, Chief Marketing Officer, CameronTec +44 (0)7748 633445
Ila Kotecha, Media Relations Manager, Societe Generale Corporate & Investment Banking,
+44 (0) 20 7676 6804
Sales Contact:
Michel Balter, Sales Director EMEA, CameronTec, sales_emea@camerontec.com
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