CameronTec, the financial industry's leading provider of FIX infrastructure and connectivity solutions, today announced during Sifma's FST Expo in New York that Societe Generale Corporate & Investment Banking has selected the CameronFIX Engine for its Fixed Income and Currency FIX infrastructure requirements.
The contract was completed in Q1 and is based on CameronTec's licensing subscription model.
Societe Generale Corporate & Investment Banking's Stephane Malrait, Global head of eCommerce says they decided on CameronFIX after a detailed analysis of its broader FIX requirements. "Societe Generale Corporate & Investment Banking's primary objective is to offer high-quality services to our clients and to provide better trading processes and best execution services. We remain committed to extending our offering to clients as highlighted by our recent launch of our FIX eCommerce API platform."
"We are pleased to be part of Societe Generale Corporate & Investment Banking's strategic initiative in Global Foreign Exchange," says Michel Balter, Sales Director EMEA of CameronTec. "CameronFIX will provide the FIX backbone for the bank's Global FX distribution architecture and play a central role in API Trading and Data Streaming. Following a thorough assessment of their FX/MM systems and architecture, CameronFIX was selected based on its superior performance, scalability and high availability, and through satisfying rigorous requirements on low latency and high throughput.
CameronFIX 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, and an increasing number of boutique firms seeking high standards for FIX, 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 and distribution channels.