CameronTec to provide high-value FIX connectivity services to its Buy Side clients.
Latest News: Paris & London, Tues. 5 February 2013 — CameronTec, the global provider of the financial industry’s most widely-installed FIX infrastructure and connectivity solutions, today announced that BNP Paribas Securities Services has selected CameronTec’s Catalys for the client connectivity hub in its outsourced dealing service for the buy side.
BNP Paribas Securities Services, a global custodian with nearly USD 7 trillion in assets under custody, will use Catalys as part of its client facing FIX Trading Hub within Dealing Services, enabling it to provide better connectivity and straight-through-processing to clients.
Dealing Services is a buy-side dealing desk for asset managers, insurers and private banks, providing access to market liquidity via a global network of brokers and ensuring best execution process. Dealing Services operates worldwide with 40 expert dealers, handles over 850,000 orders a year, for 40 clients managing over €500 billion of assets, with state of the art dealing platforms with broad market connectivity.
“We are pleased Dealing Services at BNP Paribas Securities Services has selected CameronTec to power its high value FIX Dealing Hub services to the buy side community,” says Michel Balter, CameronTec’s Sales Director for EMEA. “Liquidity, market access and managing client flows efficiently are of utmost importance to Dealing Services, and they have selected multiple integrated products within the Catalys solution suite to ensure optimal connectivity through a standardised protocol.
Philippe Boulenguiez, head of Dealing Services at BNP Paribas Securities Services said: “Our clients rely on us not only because of our dealing expertise, but also for our advanced technology and as a long term business enabler. We selected Catalys because it offers the appropriate FIX connectivity, which matches our current needs and future requirements.”
Catalys is the inclusive FIX-based ecosystem engineered on the industry acknowledged standard in FIX engines, CameronFIX. Catalys is designed to further empower brokers, banks and the buy-side to aggregate, view and manage related trade data. This covers FIX transactional data and latency, risk and operational data, from a multitude of disparate third party systems, gateways and applications.
Meet CameronTec during this month’s FIX Protocol EMEA Trading Conference in London, at Old Billingsgate on 28 February. Visit our stand to learn more about latest Catalys release v 2.1.
CameronTec provides the global standard in connectivity technology and trading infrastructure that today powers the largest user base among financial institutions worldwide.
Trusted by the financial industry’s most outstanding reference sites in over 50 countries on all 5 continents, our customers collectively represent the broadest cross section of sectors. These include exchanges, regulators, tier 1 and tier 2 investment banks, brokers, fund managers and a diverse selection of members of the ISV community.
Our technology is purpose built to handle all the relevant data FIX flows and converging data. This means transactional, reference, latency, risk and operational data. All from a multitude of disparate third party systems, gateways and applications.
CameronTec’s highly experienced, regionally focused customer service and engagement teams operate from our offices in London, Stockholm, Paris, Frankfurt, New York, Chicago, Hong Kong and Sydney.
CameronTec is owned by Nordic Capital Fund VII.
BNP Paribas Securities Services (securities.bnpparibas.com), a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider backed by a strong universal bank. It provides integrated solutions to all participants in the investment cycle including the buy side, sell side, corporates and issuers.
The bank has a local presence in 34 countries across five continents, effecting global coverage of more than 100 markets. It partners with clients to help overcome complexity, while offering a one-stop shop for all asset classes, both onshore and offshore, around the world.
Key figures as at 30 September 2012: USD 6,815 billion of assets under custody; USD 1,280 billion of assets under administration; more than 7,044 administered funds and 7,700 employees.