Chicago, Wednesday 22 October 2014 — CameronTec Group, the global standard in financial messaging infrastructure and tools for the Capital Markets industry, today announced that trueEX, the leading derivatives execution and processing platform, will be offering its FIX-based monitoring and testing solution to its clients. FIX, the industry standard protocol for swaps trading, enables CameronTec to provide increased pre-trade transparency and more efficient execution through its MagniFIX Monitoring and VeriFIX Testing tools.
“Next-generation technologies enable trueEX to deliver proven and trusted execution and processing for the interest rate swaps market,” said Jim Miller, co‐founder and Director of Product at trueEX. “The CameronTec tools provide an excellent monitoring framework and pre-launch testing for our clients, which achieves the performance and scalability critical to our service offering.”
trueEX is the world’s first CFTC-designated, Dodd-Frank compliant Exchange for interest rate swaps. Without disrupting the fundamental structure of the interest rate swap markets, trueEX offers market participants the dual benefits of automated execution and clearing in an electronic, CFTC-regulated, DCM (Designated Contract Market) exchange. To date, trueEX has processed more than 3 trillion in allocations, terminations, offsets, and blended compressions.
“Robust and scalable technology that drives more efficient derivatives workflow is essential to building any successful trading platform,” said Peter Mott, VP Americas at CameronTec Group. “We are delighted that a firm of trueEX’ pedigree and proven innovation has selected our tools, which we believe provide them a clear competitive advantage.”
CameronTec Group Professional Services offers onsite support at client sites or at its offices in Chicago, New York, London, Stockholm, Hong Kong, Mumbai, Sydney, Paris and Frankfurt.
Meet CameronTec Group at this week’s Australia FIX Conference in Sydney, October 23rd.
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.
CameronTec’s flagship offering Catalys is underpinned by market-leading connectivity technology and engineered on the widely acknowledged standard in FIX engines, CameronFIX. 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. Complementary FIX integration, testing and management solutions that include VeriFIX build out a complete offering to provide end-to-end global connectivity solutions for any electronic trading environment, using or migrating to FIX and proprietary protocols.
CameronTec’s solutions are tested and trusted by the world’s best firms in over 50 countries, on all five continents, representing the broadest cross section of tier 1 and 2 investment banks, brokers, fund managers, exchanges, regulators, and members of the ISV community.
trueEX is an electronic, CFTC-regulated, exchange and swap execution facility (SEF) for interest rate swaps. The company’s mission is to deliver the most innovative solutions, while providing connections to multiple clearing houses and an open access business model. trueEX offers market participants the dual benefits of automated execution and clearing in an electronic, CFTC-regulated, DCM (Designated Contract Market) exchange without disrupting the fundamental structure of the interest rate swap markets. The combination of domain expertise, next-generation technology, and innovative trading solutions enables trueEX to provide pre-trade certainty of execution and clearing, trade anonymity, pre-trade and post-trade transparency, as well as low cost execution for the interest rate swaps market.