CameronTec Group, the global standard in financial messaging infrastructure and tools for the Capital Markets industry, today announced leading Turkish Broker, Eczacıbaşı Securities, has selected and gone live with the Catalys FIX gateway to connect to Borsa Istanbul's equities and derivatives markets.
As Turkey continues its market transformation, undergoing significant development and change in trading market infrastructure, leading local Brokers such as Eczacıbaşı are investing in the financial industry’s best-of-breed technology to retain and build their business. Following Borsa Istanbul’s trading platform upgrade leveraging the FIX Protocol, Brokers are in turn upgrading their connectivity in order to efficiently access the Exchange’s new trading platform.
Eczacıbaşı Securities is one of the most established independent Brokerage operations in Turkey. As providers of the globally acknowledged FIX technology standard, CameronTec Group is well positioned to supply Eczacıbaşı and the broader Turkish market with superior connectivity solutions that have been fully certified by Borsa Istanbul. The suite of CameronTec products selected by Eczacıbaşı’s includes Catalys connectivity technology, Business Adapters, High Availability and the Dashboard monitoring tool.
Anders Henriksson, CEO for CameronTec Group says: “In response to increasing interest in Turkey’s financial markets, Brokers such as Eczacıbaşı Securities are under greater pressure to invest and leverage proven technologies. CameronTec is pleased to be working with Eczacıbaşı Securities, one of Turkey’s leading Brokers already serving institutional customers in more than 20 countries.”
Raim Solmaz, Information Technologies Director for Eczacıbaşı Securities says going into production with technology from CameronTec greatly bolsters their connectivity value proposition. “Our business now offers customers the most robust FIX market connectivity, with the added capability to more effectively monitor and manage all connections. This puts us in a leading Broker position for both local and international market participants.”