Chicago, Wednesday 21 May 2014 — CameronTec Group, the global standard in financial messaging infrastructure and tools for the Capital Markets industry, in association with recently acquired Greenline Financial Technologies, today announced new trading venue IEX has utilized VeriFIX to facilitate technology operations critical to fast deployment of its innovative trading platform.
IEX is the first registered alternative trading system funded exclusively by mutual funds, hedge funds, family offices and individuals, representing a cross-section of traditional investors.
By any venue standard, IEX has been quick to launch and fast to grow. On April 28, 2014, IEX matched 86 million shares, a 127% increase from the daily average in March, and a figure that has already surpassed four of the 12 American Exchanges by that date, including the NYSE MKT, the Chicago Stock Exchange, the National Stock Exchange, and NASDAQ PSX.
“As a market center, IEX shoulders high expectations for reliability. Asset-managers, our subscribers, and our partners in clearance and trade reporting rely on us for quality and consistency of experience. We constantly test our system’s robustness. VeriFIX has been an invaluable partner in providing the tools and environments to test real world situations,” said Rob Park, Chief Technology Officer for IEX Group. “VeriFIX was certainly a key contributor not just for our go-to-market strategy but for the ongoing evolution of our marketplace.”
Josh Tolman, Deputy CEO at CameronTec Group says VeriFIX proved to be a critical platform tool for IEX from the start: “Pre-launch, we were able to work very closely with IEX to simulate and test the trading environment and identify plus fix any behaviors that could prove challenging.”
CameronTec Group solutions are trusted by leading firms in over 50 countries on all 5 continents. Its customers collectively represent the largest install base in the industry, across a broad cross section of exchanges, regulators, tier 1 and 2 investment banks, brokers, fund managers and a diverse selection of members of the ISV community.
Meet CameronTec Group next at the TMX Annual Trading Conference in Toronto on May 21st or the Asia Pacific Trading Summit in Hong Kong on May 28th.
Dedicated to institutionalizing fairness in the markets, IEX provides a more balanced marketplace via simplified market structure design and cutting-edge technology. IEX offers a fair-access platform to any qualified broker dealer. IEX is driven by a team of cross-industry experts with backgrounds spanning market venues, electronic trading, and broker-dealers. IEX is the first equity trading venue owned exclusively by a consortium of buy-side investors, including mutual funds, hedge funds, and family offices.
CameronTec Group is the global standard in financial messaging infrastructure and tools for the Capital Markets industry that today powers the largest user base among financial institutions. Uniquely positioned as a software and service provider for enterprise, hosted and managed platforms, our dedicated professional services team ensures optimal integration and deployment performance.
Flagship offering Catalys is underpinned by market-leading connectivity technology and engineered on the widely acknowledged standard in FIX engines, CameronFIX. CameronTec’s FIX integration, testing and management solutions, including VeriFIX and CertiFIX, build out the offering to provide end-to-end global connectivity solutions for any electronic trading environment using or migrating to FIX and proprietary protocols.
Catalys Market Access offers FIX-powered gateways to more than 60 equity, derivative and FX markets across the globe, as a locally deployed or managed and hosted service.
CameronTec’s solutions are tested and trusted by the world’s best firms in over 50 countries, on all five continents, that represent the broadest cross section of tier 1 and 2 investment banks, brokers, fund managers, exchanges, regulators, and the ISV community. Its products and services are exceptionally supported by regionally focused teams in London, Stockholm, Chicago, New York, Hong Kong, Sydney, Paris, Frankfurt and Mumbai. CameronTec Group is owned by Nordic Capital Fund VII.