LiquidityHub selects Orc technology for FIX connectivity

Source: Orc Software

Orc Software (SSE: ORC), the leading global provider of technology for advanced trading, market making and brokerage, today announced LiquidityHub has selected the CameronFIX Universal Server for FIX order flow and connectivity, and the CameronFIX Market Data Server for high performance streaming of market data.

LiquidityHub, a consortium of leading investment banks in the fixed income markets for the aggregation of liquidity and market data in support of electronic trading, will deploy Orc Software's CameronFIX solution to ensure a high availability trading environment via compliance with the FIX protocol messaging standard.

Robert MacLeod, CEO of LiquidityHub said: "Our aim is to provide the fixed income market with a multi-dealer electronic trading solution that allows unprecedented access to deeper liquidity. We have chosen the CameronFIX high-performance FIX gateway and protocol application as part of our policy to use best of breed technology."

"Today's announcement signals the first significant usage of the FIX standard for fixed income derivatives trading," said Arthur Rank, Orc Software's CameronFIX Sales Director for Europe. "LiquidityHub marks a dramatic shift in the traditional fixed income market and we are very pleased to be working together to provide the FIX connectivity and market data requirements for this central pricing aggregator."

CameronFIX is the globally proven FIX connectivity solution used by leading financial institutions and exchanges worldwide. The CameronFIX Market Data Server enables the streamlining of multiple market data vendor feeds converted to the single FIX format.

LiquidityHub facilitates the distribution of liquidity for electronic trading and market data through electronic distribution channels, and is not itself a trading platform.

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