PRODUCTS & SERVICES
London, UK: Leading global provider of FIX-based messaging platforms, Cameron Systems together with its South African-based partner, Peresys, today announced details of a London-based FIX HUB service developed to meet the trading requirements of the European securities industry. Powered by CameronFIX technology, the Peresys HUB service will facilitate connectivity and trade related messaging, using the FIX protocol standard, between buy and sell side participants in the equities, fixed income and derivatives markets.
The London HUB service is an extension of Peresys’ successful FIX HUB service currently offered in South Africa. “Peresys has established a successful trading HUB service in South Africa and we are confident we can leverage this to offer similar services to the UK and European markets,” says Peresys Managing Director, Ashley Mendelowitz. “Our relationship with Cameron Systems has been pivotal to the development, and we look forward to introducing the HUB service to Europe and providing value-for-money FIX services including an outsourced FIX engine for participants who cannot justify investing in their own FIX implementation,” adds Mendelowitz.
“The use of CameronFIX continues to expand in the FIX HUB business to meet both local and international client order routing requirements,” said Cameron Systems Director of Sales Glenn Cruickshank. “The success we have achieved in Asia is being replicated into EMEA with further FIX HUB partnerships planned for 2006. Cameron Systems is currently in discussion with partners over the linking of FIX HUBs to create a FIX HUB network service.”
Cameron Systems has emerged as the leader in providing all FIX trading requirements for Exchanges, Brokers, Fund Managers, Transaction Networks, Software Vendors and other market participants.
Peresys offers FIX-based IOI’s, order routing and DMA into and out of South Africa for Equities, Derivatives, and Fixed Income,with a trading community that includes the top 25 JSE registered stockbrokers and leading buy-sides in South Africa, the UK,mainland Europe and the US.
Cameron Systems is next exhibiting at the FIA Derivatives Conference in Beijing, August 9 – 11 and SIBOS in Copenhagen, September 5 - 9.
About Peresys
Peresys is a South African-based software solutions provider to the financial markets community, including Exchanges, Members and Fund Managers, with a specific focus on FIX messaging solutions, dealing and related applications.
Through its points of presence in London and New York, Peresys connects into the premier global FIX networks such as Radianz, Thomson Autex, TNS and Reuters Order Routing, thus ensuring that clients can reach their trading counterparties virtually anywhere in the world. The offering is high speed, reliable and cost effective.
Peresys’ product suite also includes applications for Equity Trading into SETS, Securities Lending and Borrowing, and Fixed Income Exchanges.
About Cameron Systems
Cameron Systems, the only globally proven Financial Information Exchange protocol [FIX] trading solutions provider celebrates 8 years of success in 2005 with more connections, more customers and more products. Cameron Systems continues to help grow financial markets worldwide by actively supporting and playing a leading role in the expansion of the FIX protocol.
With offices located in New York, London, Sydney, Shanghai and Tokyo, Cameron Systems works with its sales and support Partners and its worldwide client base to deliver greater efficiencies for all FIX trading across Equities, Commodities, Fixed Income, Futures & Options and Foreign Exchange.
The world’s leading securities and financial firms have selected the CameronFIX platform. These include Fidelity Management and Research, Knight Securities, UBS, CSFB, Citigroup, Barclays Capital, Charles River Development, CIBC World Markets, MarketAxess, Gartmore Investment Management, MFS Investment Management, Nomura Securities, Standard Chartered
Bank, Macquarie Securities and Dresdner Kleinwort Wasserstein.