BlackRock incorporates CameronFIX engine with Aladdin trading platform

Source: Cameron Systems

Cameron Systems, the world's leading provider of FIX (Financial Information eXchange) messaging solutions, today announced that BlackRock Solutions has integrated the CameronFIX platform with its enterprise investment system Aladdin.

The solution will be used in support of both BlackRock Inc.'s (NYSE:BLK) internal asset management business and a wide variety of best-in-class external BlackRock Solutions clients.

CameronFIX is BlackRock Solutions' first FIX trading software implementation. BlackRock Solutions is currently using FIX to communicate to major ECNs as well as directly to a number of brokers for fixed income, equity and derivative products.

BlackRock Solutions offers risk management and analytical tools and an enterprise investment system to a broad base of institutional clients. Aladdin combines highly automated trade processing with sophisticated risk analytics on the one centralized platform. The result is a fully integrated investment process that supports both internal and external straight through processing.

"Cameron Systems' expertise in fixed income as well as equities has been proven during our recent implementation of the CameronFIX platform and throughout our continued dealings with their NY-based technical team," says Tom Fortin, Head of Product Development for BlackRock Solutions. "We believe there is a significant opportunity to leverage FIX in the fixed income space and are excited to offer connectivity to TradeWeb, MarketAxess and directly to brokers for a variety of fixed income instruments."

"We are pleased to be working with BlackRock Solutions to deliver full FIX capabilities to their customers," says Cameron Systems' Sales Director North America, George Wishart. "With the FIX protocol gaining critical mass in fixed income, the need for BlackRock Solutions to be able to provide a competitive FIX solution increased. In CameronFIX they have selected the global market's first choice FIX trading platform."

Results recently released from Tower Group/FIX Protocol Ltd's latest Global FIX Survey ranked CameronFIX number one in market share globally across 600+ participating buy side and sell side institutions.

Cameron Systems recently announced a merger agreement with Orc Software (SSE: ORC), a partnership that sees Cameron Systems pushing the FIX protocol further into the exchange space and offering FIX connectivity to 100+ exchanges.

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