New York-based foreign exchange (FX) trading network Currenex has deployed Cameron Systems' CameronFIX engine to support its Executable Streaming Prices (ESP) service.
Currenex is using the FIX 4.2 spec for its ESP service, which provides streaming FX rates and allows price makers to transmit real-time spot bids and offers to corporate customers.
Clifford Lewis, Currenex CEO, predicts the use of FIX will grow beyond equities to become the preferred standard for FX trading: "An important step for us therefore has been to develop a FIX gateway so we can offer the broadest and most flexible connectivity options."
Cameron Systems says FIX is a particularly viable solution for FX managers as it tenders access to a larger liquidity pool, provides faster time to market, enables increased volume and offers centralised FX dealing within the order management system.
The vendor says it is actively promoting the broader use of FIX for both foreign exchange and fixed income trading.