Cognitive Capital Selects Catalys to Support Low Latency Trading
- Chicago-based trading firm leverages CameronTec’s latest FIX infrastructure technology
- Achieves significant latency improvement in real-life testing conditions
For Immediate Release: Chicago, Thursday 22 September 2011: CameronTec, the financial industry’s leading provider of FIX infrastructure and connectivity solutions and wholly owned subsidiary of Orc Group (SSE: ORC), today announced Cognitive Capital, a Chicago-based proprietary trading firm and CameronFIX customer since 2009, has elected to migrate to Catalys for its low latency trading environment. The agreement was completed during Q3 and is based on CameronTec's licensing subscription model.
Catalys is the industry reference for FIX ecosystems, developed specifically to address the cross-functional needs of financial firms that rely on the FIX protocol. A highly adaptive and totally integrated FIX environment, Catalys is based on the industry’s most widely production installed FIX engine globally, CameronFIX.
Cognitive Capital is utilizing Cameron technology to support their low latency, proprietary trading strategies by providing high performance FIX connectivity between their algorithmic trading systems and various equities markets including NASDAQ and NYSE Arca Equities. Their demanding trading environment requires a robust and scalable solution that can handle increasingly large trading volumes.
Aaron Scamehorn, Chief Technology Officer for Cognitive Capital comments: “In CameronFIX we found a good market solution with solid performance that has helped grow our business since 2009. After recently putting Cameron’s latest product Catalys to the test, we were so impressed with its latency-shaving performance we decided to migrate.”
“Catalys is a natural evolution for financial firms that need the best performance metrics, as well as anyone with a FIX ecosystem,” says Anders Henriksson, CEO, CameronTec. “The multiple, complementary modules of Catalys represent the outcome of the continuous work we do to improve the standard in FIX infrastructure and to provide markets with cutting edge innovation for which we are renowned.”
At the core of Catalys is the unique grasp of the FIX world that comes from a concentration of the world’s largest FIX deployments. With a host of industry firsts, Catalys provides an unprecedented level of flexibility and innovation firms need to sustainably differentiate in today’s markets.
Meet CameronTec at Upcoming FIX Protocol Events: CameronTec is next exhibiting in North America at the FPL Americas Trading Conference in New York on November 1st.
For further Information: please contact Annie Walsh, Chief Marketing Officer, CameronTec, tel +44 (0)7748 633445.
About Orc Group
Orc Group is a leading provider of technology and services for the global financial industry. Orc Group delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
The Orc Group serves customers through three business units, each with distinctive offerings:
- Orc develops and provides the tools needed to run profitable trading and brokerage businesses.
- Neonet is a global agency broker that offers professional market participants independent, high-speed execution services.
- CameronTec is the financial industry’s leading provider of FIX infrastructure and connectivity solutions.
With market presence in all global financial centers, Orc Group provides sales and support services from its offices across the EMEA, Americas and Asia-Pacific regions.
Orc Group is publicly traded on NASDAQ OMX Stockholm (SSE: ORC).
For additional information visit www.orc-group.com
About CameronTec
CameronTec is the financial industry’s leading provider of FIX infrastructure and connectivity solutions. Its 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 14+ 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 Group 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.
www.camerontec.com
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