Source: Orc Software
Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced Exane, a leading independent European investment firm, has deployed for its cash equity business, which trades under the name of Exane BNP Paribas, the CameronFIX platform to provide FIX protocol connectivity for receiving equity order flow from its worldwide institutional customers.
The CameronFIX platform is also used by Exane BNP Paribas across its business to provide support for Trade Advertisement and Indication of Interest networks and point to point clients, as well as a FIX gateway for its middle office allocation services.
Guillaume Lacronique, Head of Equity Trading Technology for Exane BNP Paribas says, "Exane's switch to CameronFIX was motivated by the fact that it is used by so many of our Buy Side customers and most of the global trading community. We needed to be able to quickly adapt to client specific requirements, which has proved very easy to do with the CameronFIX platform. CameronFIX is the stable, high performance FIX platform Exane BNP Paribas can rely on. The implementation was very straightforward - its architecture made it easy to integrate with our existing systems and get up and running in production. CameronFIX has given us a flexible FIX solution that enables us to perform all our Buy Side operations with relative ease."
"FIX is not new to Exane BNP Paribas," says Arthur Rank, Head of CameronFIX European Sales for Orc Software. "This is now their second implementation of the FIX protocol so they had a clear understanding of their trading performance requirements and needed a solution that would grow with their business. We are pleased that CameronFIX was able to deliver to their exact specifications."