Vienna & Ljubljana Exchanges Go Live with CameronFIX
For Immediate Release: London & Vienna, Thursday 16 December 2010 — CameronTec, the financial industry’s leading provider of FIX infrastructure and connectivity solutions and wholly owned subsidiary of Orc Software, today announced two exchanges within the CEE Stock Exchange Group (CEESEG), Vienna and Ljubljana, have gone live with CameronFIX — the global financial industry’s most widely-installed, high performance Financial Information eXchange (FIX) offering. The agreement was completed in Q1 2010 and is based on CameronTec's licensing subscription model.
The Vienna Stock Exchange is the initiator and like the exchanges of Budapest, Ljubljana and Prague, a 100% subsidiary of the CEE Stock Exchange Group, the largest exchange group in Central and Eastern Europe. The four member exchanges of the Group account for around half of total market capitalization and about two-thirds of equity turnover in Central and Eastern Europe. CEESEG is thus the largest player of all exchanges in the region.
The Vienna Stock Exchange operates the only securities exchange in Austria as well as the Energy Exchange Austria, EXAA, and the CEGH Gas Exchange of the Vienna Stock Exchange. The CameronFIX implementation for CEESEG currently covers around 20 financial institutions for order routing and market data. The solution also handles the interaction of orders managed by the standard trading front end software.
Today’s news follows the recent announcement by Ljubljana Exchange regarding its implementation and launch of the Xetra® trading system. By introducing Xetra to the Slovene capital market the Ljubljana Exchange is reaching one of its key strategic objectives: integration of the Slovene market into international capital markets.
“Vienna Stock Exchange provides state-of-the-art technologies and infrastructure to its members and market participants. The selection of the CameronFIX Engine is a continuation of our commitment to excellence, ensuring the smooth and efficient execution of stock exchange transactions and facilitating interaction among all market participants,” says Michael Buhl, CEO of the Vienna Stock Exchange and CEE Stock Exchange Group.
“CameronTec is pleased to be selected by the CEESEG to provide FIX connectivity for what is undoubtedly the largest exchange player in the region. We look forward to working with the Vienna and Ljubljana Exchanges to bring the broader benefits of CameronFIX to additional members of the CEE Stock Exchange Group,” commented Anders Henriksson, CEO for CameronTec.
"CameronFIX has traditionally been the preferred choice for exchanges, regulators and clearing houses seeking a high-performance, focused and independent FIX vendor," says Max Colas, Chief Product Officer for CameronTec. "In addition to countless member firms, today many exchanges are CameronFIX-enabled globally. When it comes to investing in a commercial FIX solution, exchanges value the integrity and reputation that come with the CameronFIX industry-standard."
CameronTec this month announced the release of the latest version CameronFIX 6.5.
About CEESEG
The CEE Stock Exchange Group (CEESEG) is the holding company of the four stock exchanges of Budapest, Ljubljana, Prague and Vienna. With almost half of the total market capitalization and about two-thirds of all trading volumes in equities in Central and Eastern Europe, the CEE Stock Exchange Group is the largest player of all exchanges in the region. To raise liquidity in the four markets the CEESEG eases market access and trading on the local markets. At the same time, the Group takes various coordinated measures to increase the visibility of the four markets.
About CameronTec
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.
Media Contact:
Annie Walsh, Chief Marketing Officer, CameronTec +44 (0)7748 633445
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