London & Chicago, Tuesday 5 November 2013 — CameronTec, the global standard in FIX connectivity incorporating trading technology and professional services, today announced a joint offering agreement with leading direct market access provider, Object Trading. Through this unique technology and services cooperation CameronTec will expand its FIX-based Catalys Market Access offering to more than 60 equity, derivative and FX markets across the globe, as a locally deployed or managed / hosted service.
Ongoing pursuit of sustainable competitive edge is driving sell-side firms to focus more and more on reducing business cost and complexity without diminishing client service. Streamlining trade messaging and market access infrastructure while simultaneously reducing risk, cost and complexity across the enterprise, will trigger decisions to abandon legacy infrastructure in exchange for a more cost-effective outsourced offering.
CameronTec CEO Anders Henriksson says this strategic development with Object Trading provides a compelling opportunity for the worldwide financial industry. “For the first time, Brokers now have access to a comprehensive market-facing infrastructure for FIX and non-FIX markets based on an open, high-performance, reliable messaging technology. For many firms currently constrained by proprietary infrastructures, this brings a compelling opportunity for decision-makers on both the business and technology side.”
Prior to today’s announcement, a number of Tier 1 firms have initiated and realized the combined benefits of CameronTec and Object Trading technology, in-production, resulting in successful deployments and business wins that, in many ways, have influenced the decision to formalize the collaboration.
Steve Woodyatt, CEO at Object Trading added: “As the industry looks to streamline trading operations, eliminating redundant, inflexible market connectivity infrastructures has become a focus, from the CIO and CTO to the traders on the desk. Our FrontRunner DMA platform, paired with CameronTec Catalys, provides a simple yet very powerful proposition. Engaging with CameronTec, we can deliver one FIX platform, integrated with one gateway to an extensive set of liquidity venues, supporting all your trade messaging and market connectivity needs across the firm.”
The partnership is a highly complementary development for CameronTec’s existing connectivity and DMA business. Engineered on the widely acknowledged standard CameronFIX, Catalys today powers the largest global user base as the embedded, standard, global FIX-based technology. Its users represent the broadest cross section of tier 1 and 2 investment banks, brokers, fund managers, exchanges, regulators, and members of the ISV community.
Object Trading’s DMA suite provides normalised market access via real-time market data and order execution with in-line pre-trade risk constraints, greatly reducing the complexities of exchange connectivity. Through a single gateway, sell-side and buy-side firms can access equity, derivative and FX markets globally.
CameronTec recently acquired Greenline Financial Technologies, reinforcing its category leadership and creating a unique single destination for all things FIX… whether it’s connectivity, trading or all the tools and framework to manage and optimise.
CameronTec with Greenline is currently exhibiting at the FIA Expo in Chicago, booth # 213. Object Trading is also joining us during the Expo.
CameronTec is the global standard in FIX connectivity incorporating trading technology and professional services that today powers the largest user base among financial institutions. 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 / hosted service. The recently acquired Greenline Financial Technologies and its superior FIX and non-FIX operational technology and services, coupled with CameronTec’s technology and trading tools, creates a compelling end-to-end trading and services platform for the global financial industry.
Uniquely positioned as a software and service provider delivering enterprise, hosted and managed platforms, our dedicated professional services team ensures optimal integration and deployment performance.
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.
Catalys is our flagship offering, designed to provide a superior and resilient integrated platform for operations, infrastructure and trading management — covering all aspects of the deal life-cycle: pre-trade, trade and post-trade. It is underpinned by our market-leading connectivity technology, and engineered on the widely acknowledged standard in FIX engines, CameronFIX. This covers customer-facing, system-facing, and market-facing connectivity.
Our products and services are exceptionally supported by regionally focused teams in London, Stockholm, Paris, Frankfurt, New York, Chicago, Hong Kong, Sydney and Mumbai.
CameronTec is owned by Nordic Capital Fund VII.
Object Trading delivers sell-side and buy-side firms and technology providers a single gateway for connecting to global trading venues. Within its FrontRunner suite of products, the company offers direct market access (DMA) – market data, order execution and pre-trade risk constraints – through an independent and trusted infrastructure. The company’s FrontRunner suite allows users to create a bespoke trading solution around their market access with comprehensive, inline risk constraints. Object Trading is connected to more than 55 global equity, derivative and FX exchanges for both market data and order routing, with offices in London, New York, Chicago and Sydney.