CameronTec, the financial industry's leading provider of FIX infrastructure and connectivity solutions and wholly owned subsidiary of Orc Group (STO:ORC.st), today announced Cognitive Capital, a Chicago-based proprietary trading firm and CameronFIX customer since 2009, has elected to migrate to Catalys for its low latency trading environment.
The agreement was completed during Q3 and is based on CameronTec's licensing subscription model.
Catalys is the industry reference for FIX ecosystems, developed specifically to address the cross-functional needs of financial firms that rely on the FIX protocol. A highly adaptive and totally integrated FIX environment, Catalys is based on the industry's most widely production installed FIX engine globally, CameronFIX.
Cognitive Capital is utilizing Cameron technology to support their low latency, proprietary trading strategies by providing high performance FIX connectivity between their algorithmic trading systems and various equities markets including NASDAQ and NYSE Arca Equities. Their demanding trading environment requires a robust and scalable solution that can handle increasingly large trading volumes.
Aaron Scamehorn, Chief Technology Officer for Cognitive Capital comments: "In CameronFIX we found a good market solution with solid performance that has helped grow our business since 2009. After recently putting Cameron's latest product Catalys to the test, we were so impressed with its latency-shaving performance we decided to migrate."
"Catalys is a natural evolution for financial firms that need the best performance metrics, as well as anyone with a FIX ecosystem," says Anders Henriksson, CEO, CameronTec. "The multiple, complementary modules of Catalys represent the outcome of the continuous work we do to improve the standard in FIX infrastructure and to provide markets with cutting edge innovation for which we are renowned."
At the core of Catalys is the unique grasp of the FIX world that comes from a concentration of the world's largest FIX deployments. With a host of industry firsts, Catalys provides an unprecedented level of flexibility and innovation firms need to sustainably differentiate in today's markets.