ICAP Utilizes Orc Software’s CameronFIX and CameronFAST to Support FX Trading over FIX Protocol
Chicago & New York – Wednesday, September 26, 2007 - Orc Software (SSE: ORC), the leading global provider of technology for advanced derivatives trading and connectivity, today announced ICAP, the world’s premier interdealer broker, is utilizing Orc Software’s CameronFIX and CameronFAST solutions for its foreign exchange (FX) trading capabilities.
ICAP, which has a long history in FX and operates the leading FX trading platform EBS, is using Orc’s CameronFIX Universal Server for its advanced FX order flow and connectivity, and Orc’s CameronFAST solution for high performance market data distribution using the FAST protocol. Orc Software finalized and booked the deal with ICAP in Q3 2006, for production go-live later in 2006.
“CameronFIX is helping us deliver to our customers a superior FIX solution for FX trading that provides extremely low latency,” notes John Schoen, Regional Product Manager - Americas at ICAP. “In addition, CameronFAST gives us the ability to stream FX market data over a FIX session.”
“ICAP is a valued customer and we are delighted that they are using the CameronFIX Universal Server and CameronFAST for their requirements,” said George Wishart, Sales Director for Orc Software. “Orc, as an active global member of the FIX Protocol organization, is committed to the expansion of FIX. FAST is an excellent example of the FIX community working together to improve the protocol for all users. Orc will continue as a leader in support of these standards.”
The FIX Protocol Limited (FPL) has further enhanced support for FX trading with the release of FIX 5.0 in January 2007. In addition, the FPL’s new FAST compression provides support for high volume streaming data, such as market data.
CameronFIX is the globally proven FIX connectivity solution used by leading financial institutions and exchanges worldwide. The CameronFIX Market Data Server enables the streamlining of multiple market data vendor feeds converted to the single FIX format.
Orc Software and ICAP are currently exhibiting at the Forex Network Chicago conference, Mid-America Club in Chicago.
About ORC Software
Orc Software (SSE: ORC) is a leading global provider of technology for advanced derivatives trading and connectivity. Celebrating 20 years in 2007, Orc provides solutions and services to its worldwide customers from its offices across Europe, North America and Asia Pacific. Orc Software's customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors, hedge funds and software vendors.
CameronFIX, the number one Financial Information Exchange protocol (FIX) platform, is an Orc Software connectivity solution. CameronFIX is used as a FIX platform by major members of the global financial industry.
www.orcsoftware.com
About ICAP
ICAP is the world’s premier voice and electronic interdealer broker and the source of global market information and commentary for professionals in the international financial markets. The Group is active in the wholesale markets in interest rates, credit, energy, foreign exchange and equity derivatives. ICAP has an average daily transaction volume in excess of $1.5 trillion, more than 50% of which is electronic. ICAP plc was added to the FTSE 100 Index on 30 June 2006.
www.icap.com
Contact:
Barry Vasudevan, Marketing Director, North America, Orc Software,
barry.vasudevan@orcsoftware.com, +1 212 792 5487
Candice Adam, Corporate Communications, ICAP, +44 20 7050 7104