Leading global provider of FIX-based messaging platforms, Cameron Systems together with its South African-based partner, Peresys, today announced details of a London-based FIX HUB service developed to meet the trading requirements of the European securities industry.
Powered by CameronFIX technology, the Peresys HUB service will facilitate connectivity and trade related messaging, using the FIX protocol standard, between buy and sell side participants in the equities, fixed income and derivatives markets.
The London HUB service is an extension of Peresys' successful FIX HUB service currently offered in South Africa.
"Peresys has established a successful trading HUB service in South Africa and we are confident we can leverage this to offer similar services to the UK and European markets," says Peresys Managing Director, Ashley Mendelowitz. "Our relationship with Cameron Systems has been pivotal to the development, and we look forward to introducing the HUB service to Europe and providing value-for-money FIX services including an outsourced FIX engine for participants who cannot justify investing in their own FIX implementation," adds Mendelowitz.
"The use of CameronFIX continues to expand in the FIX HUB business to meet both local and international client order routing requirements," said Cameron Systems Director of Sales Glenn Cruickshank. "The success we have achieved in Asia is being replicated into EMEA with further FIX HUB partnerships planned for 2006. Cameron Systems is currently in discussion with partners over the linking of FIX HUBs to create a FIX HUB network service."