Orc Software (SSE: ORC), the leading global provider of technology for advanced trading and connectivity, today announced the establishment of a dedicated CameronFIX subsidiary to be known as CameronTec.
Recognizing the increasing importance FIX will play in 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.
Orc Software acquired CameronFIX in 2006 through its purchase of software technology company Cameron Systems. Then and increasingly so now, 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.
"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."
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.
"For our existing CameronFIX customers as well as the broader financial services community this is a particularly positive development as it signals a sharper customer centric focus, dedicated resources, a more nimble engineering foundation and a renewed strategy for the continued strengthening of the CameronFIX Engine," says Anders Henriksson, CEO of CameronTec.
Steve Christinson, CTO of CameronTec, comments: "In line with our commitment to deliver continuous and significant product upgrades, the imminent 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."
Leading the operation and playing significant roles in the growth of CameronTec will be Anders Henriksson as Chief Executive Officer, Steve Christinson as Chief Technology Officer, Max Colas as Chief Product Officer and Annie Walsh as Chief Marketing Officer; representing former senior and executive management of Orc Software. Steve Christinson and Annie Walsh additionally held senior management positions with CameronFIX founding company, Cameron Systems. The collective experience of these individuals means the firm opens its doors with over 20 years experience in FIX and specifically CameronFIX applications and performance.