Published On: Mon, Mar 29th, 2010

Orc Software Establishes Focused CameronFIX Subsidiary CameronTec

Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity has announced the establishment of a dedicated CameronFIX subsidiary to be known as CameronTec.

Recognizing the increasing importance FIX will play in Japan and the worldwide financial industry, the new focused organization will provide greater responsiveness, while continuing to access and benefit from resources of the broader Orc group.

“The establishment of CameronTec reflects our conviction that customer needs, marketing and sales initiatives, as well as the further development of the CameronFIX offering will be best served by a dedicated organisation,” said Thomas Bill, CEO, Orc Software. “There are obvious synergies between the various Orc technologies, and we will continue to fully leverage these.”

CameronFIX is universally regarded as the reference standard for reliable, mature FIX engine applications. It is the only long-established, FIX engine that continues to deliver significant version upgrades year after year.

“MetaBit has long enjoyed a successful partner service relationship based on the CameronFIX Engine. For Japan-based CameronFIX customers today’s news is a particularly positive development as it signals a sharper customer centric focus, more dedicated engineering resources and a renewed strategy for the continued strengthening of the CameronFIX Engine,” says Daniel Burgin, CEO of MetaBit.

Steve Christinson, CTO of CameronTec, comments: “In line with our commitment to deliver continuous and significant product upgrades, the upcoming CameronFIX 7 release will address real-time operational requirements. Going forward, CameronFIX users will be able to not only safely modify their configurations in real-time, but also to configure, manage and monitor their entire park of FIX engines through industry-standard JMX. This development strengthens the already operationally robust and highly performant CameronFIX Engine with an advanced makeover. In keeping with our engineering strategy, we are also continually looking for ways to further improve performance particularly in the area of our pure software High Availability solution.”

The flagship CameronFIX engine today is the outcome of 12+ years continuous investment in FIX performance, scalability, interoperability and robustness. Larger investment firms, brokers, exchanges and regulators on all five continents use CameronFIX for their high performance FIX applications. What is clear and apparent for most, is the criticality their FIX applications will play in their pursuit of liquidity amid continued market fragmentation and the emergence of new venues.

CameronTec has been operational since January 2010 with a dedicated team of seasoned professionals with extensive backgrounds and expertise across all elements of the global financial landscape — trading, sales, product development, customer service and of course, technology. To serve a growing global customer base, CameronTec operates from its offices in Hong Kong, Sydney, London, New York, Chicago, Paris and Stockholm. In Japan CameronTec is represented by its partner MetaBit, Tokyo, for providing local sales, support and FIX training to the CameronFIX user base.

During Hong Kong’s FIX Protocol Conference in May, CameronTec will preview CameronFIX 7, the outcome of a 3 year development roadmap for improved scalability, enhanced experience and generational renewal resulting from significant improvements to the defining aspects of the software, and leveraging industry standards for Java programming, integration and performance.

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