Sydney, AU & Tokyo, JPN – Monday September 20, 2004 — Global FIX Engine vendor Cameron Systems and Japan-based partner MetaBit today announced that Nihon Unicom Corporation, leading service provider for the execution and clearing of all commodity futures exchanges in Japan, has selected the CameronFIX Engine to streamline retail flow for the trading of Futures [Nikkei 225] and Options at their subsidiary Century Securities; consisting of two newly merged subsidiaries of Nihon Unicom — Access Securities and Century Securities.
This is the first known implementation in Japan of the Financial Information Exchange [FIX] protocol’s version 4.3 for futures and options trading by a Japanese securities firm. Nihon Unicom’s decision to use Japan’s more commonly utilized version of the protocol - FIX 4.3 - is due to its enhanced support for derivatives trading.
MetaBit, leaders in Japan for FIX implementations within financial markets, was contracted by Nihon Unicom to provide the CameronFIX connectivity solution and required FIX integration consulting and support.
CameronFIX will provide the FIX standard requirements to link the currently separate Order Management Systems utilised by both former Century Securities and Access Securities. Given the highly competitive environment in Japan’s financial industry, Nihon Unicom decided to utilise CameronFIX for FIX version 4.3 as rapid integration technology to consolidate the systems of the newly merged firms.
Nihon Unicom selected its preferred software integrator, Trade Works, to assess reputable FIX engines available in the market, and settled on the CameronFIX engine for its track record with derivatives trading, support for various versions of the FIX protocol, as well as its robust, proven architecture.
"Nihon Unicom decided to apply the FIX protocol in an unusual manner," said Mr. Oba, Associate Director, Systems Development & Operations, Nihon Unicom. "FIX is typically utilised for communicating securities transactional messages between participants of the financial industry and the exchanges. In this project however, we utilised FIX as a rapid technology solution to integrate two completely differing trading order management systems. We are impressed with the performance of the CameronFIX engine and its support of listed derivatives combined with MetaBit’s in-depth of knowledge of the FIX protocol and the Japanese financial market. MetaBit provided a fast turnaround for the necessary testing and provision of the appropriate FIX solution."
"We are pleased to be working with Nihon Unicom Corporation and Trade Works to provide the ‘best fit’ FIX implementation for its dual OMS requirements," said Yoko Tateya, Director at MetaBit. "We are continuing to make significant headway with the FIX protocol within the Japanese financial market and today’s announcement is testament to this."
MetaBit will provide Nihon Unicom with ongoing local support for CameronFIX.
Nihon Unicom is a Member of the Tokyo Commodities Exchange (TOCOM) and Tokyo Grain Exchange (TGE) to select the CameronFIX Engine.
Cameron Systems is exhibiting at the upcoming Derivatives & Securities Forum in Singapore, 19 – 21 October 2004 - Raffles City Convention Centre.