CameronTec Group, the global standard in financial messaging infrastructure and tools for the Capital Markets industry, today announced that trueEX, the leading derivatives execution and processing platform, will be offering its FIX-based monitoring and testing solution to its clients.
FIX, the industry standard protocol for swaps trading, enables CameronTec to provide increased pre-trade transparency and more efficient execution through its MagniFIX Monitoring and VeriFIX Testing tools.
"Next-generation technologies enable trueEX to deliver proven and trusted execution and processing for the interest rate swaps market," said Jim Miller, co‐founder and Director of Product at trueEX. "The CameronTec tools provide an excellent monitoring framework and pre-launch testing for our clients, which achieves the performance and scalability critical to our service offering."
trueEX is the world's first CFTC-designated, Dodd-Frank compliant Exchange for interest rate swaps. Without disrupting the fundamental structure of the interest rate swap markets, trueEX offers market participants the dual benefits of automated execution and clearing in an electronic, CFTC-regulated, DCM (Designated Contract Market) exchange. To date, trueEX has processed more than 3 trillion in allocations, terminations, offsets, and blended compressions.
"Robust and scalable technology that drives more efficient derivatives workflow is essential to building any successful trading platform," said Peter Mott, VP Americas at CameronTec Group. "We are delighted that a firm of trueEX' pedigree and proven innovation has selected our tools, which we believe provide them a clear competitive advantage."
CameronTec Group Professional Services offers onsite support at client sites or at its offices in Chicago, New York, London, Stockholm, Hong Kong, Mumbai, Sydney, Paris and Frankfurt.