Source: Cameron Systems
Cameron Systems, the leading global provider of FIX industry standard messaging solutions, and Swiss-based firm XTrades AG, a leading provider of financial software and consulting services to the European investment management community, today announced a strategic agreement for integration of the CameronFIX platform with XTrades STP Order Management System – OrMa.
CameronFIX will provide the FIX-based trading enhancements for OrMa to enable customers to seamlessly send and receive trade messages using the dominant global industry standard. Leading Swiss Bank, Banca Del Gottardo, has already taken advantage of XTrades OrMa solution with the CameronFIX platform embedded.
"With our strong business reputation for financial solutions competency, it was critical XTrades partnered with a highly compatible FIX platform provider who could match us in product performance and customisation specialisation," said Mikael Lundqvist, Head of Market Connectivity Solutions for XTrades AG. "We were hearing a lot of good things about Cameron's FIX platform from our clients and the industry at large. Our experience with Cameron Systems confirmed the excellent feedback for its products and support; CameronFIX met our requirements for delivering the exceptional multi-platform, modularity, file persistence and routing capabilities we needed."
"Over the past eight years we have worked hard to develop the world's best FIX technology and we are pleased to be working with XTrades to further advance the adoption of the standard in Europe," said Cameron Systems CEO, Peter Cooper. "The combination of XTrades market expertise and strong technical solutions with the seamless CameronFIX connectivity platform makes for a very beneficial offer in Europe."
"Banca Del Gottardo's selection of XTrades OrMa solution, with the CameronFIX platform embedded, is a continuance of our business practice to offer clients the most robust execution capabilities available," said Alberto Foglia, Head of Front End and PMS development at Banca Del Gottardo. "As one of the leading banks in Switzerland we are very pleased to employ these proven and reliable product sets to further expand our services and market access to exceed our clients' diverse needs."
XTrades joins Cameron's already established European partners PSH Consulting [Germany] and Alcion [France] for delivering superior trading solutions to the European investment management community.
The terms of the agreement announced today also give XTrades reseller rights for the CameronFIX platform in Switzerland and Italy. XTrades will provide custom development of FIX connections for private and investment banking firms, Brokers and Exchanges.