Japanese broker Nihon Unicom is installing Cameron Systems' flagship FIX engine to integrate disparate order management systems for futures and options trading at its newly-merged Century Securities subsidiary.
Nihon Unicom's Centuries Securities subsidiary was formed by the merging of the broker's Access Securities and Century Securities businesses. The CameronFIX engine will provide the FIX standard requirements to consolidate the currently separate order management systems used by the former Century Securities and Access Securities.
Mr Oba, associate director, systems development and operations, Nihon Unicom, says: "FIX is typically utilised for communicating securities transactional messages... In this project however, we utilised FIX as a rapid technology solution to integrate two completely differing trading order management systems."
The CameronFIX engine was selected by Nihon Unicom's system integrator Trade Works. The broker contracted with local firm MetaBit for the supply of the product, as well as for FIX integration consulting and on-going support services.
Cameron Systems claims this is the first known implementation in Japan of the FIX protocol's version 4.3 for futures and options trading by a Japanese securities firm. The vendor says the broker chose version 4.3 of the FIX protocol for its enhanced support for derivatives trading.