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CameronTec Announces New European Partner, DEVnet

CameronTec, the financial industry’s leading provider of FIX infrastructure and connectivity solutions and wholly owned subsidiary of Orc Software, today announced an integration partner agreement with Munich-based consultancy DEVnet Holding GMBH. DEVnet, a specialist in trading and risk solutions, offers a broad range of services for both business and technology. The cooperation provides DEVnet with the opportunity to implement CameronTec products in Germany, Austria and Switzerland.

CameronTec’s alliance with DEVnet will bolster coverage in important European financial hubs such as Frankfurt, Munich, Vienna and Zurich, and complements core professional services for CameronFIX, the engine universally regarded as the reference standard for reliable, mature FIX applications. With proven track record and expertise in the areas of trading and risk management solutions, DEVnet is currently cooperating on CameronTec’s product implementations for exchanges across Europe.

“We see significant opportunity for the adoption of CameronTec solutions both within the mature and emerging markets in Europe, running in parallel with the financial industry’s increased uptake and mature deployment of FIX infrastructures,” says Anders Henriksson, CEO, CameronTec. “We believe our customers will benefit greatly from our cooperation with an expert like DEVnet.”

“We are pleased to form a partnership with CameronTec and work closely with the financial industry’s leading CameronFIX solution. With our many proven solution deployments in the areas of trading and risk, we consider this collaboration a good match in the area of market access. Fast and flexible market access plays a critical role for our clients.” says Andreas Kokott, CEO, DEVnet. “In CameronTec we have found an excellent partner to meet and address market demands now and in the future, using sound and proven technologies.”

Today’s news follows CameronTec’s recent announcement regarding its latest market innovation and new industry reference for FIX ecosystems, Catalys. Addressing the expanding cross-functional needs of sell and buy side firms, exchanges and ISV’s, Catalys offers a highly adaptive, integrated FIX infrastructure based on the widely-installed CameronFIX. Catalys recognizes the increasing complexity faced by firms managing decentralized FIX infrastructure in a global environment, and provides enhanced flexibility, control and insight.

In line with its commitment to respond to customer needs and deliver performance enhancements through incremental CameronFIX version upgrades, CameronTec will release CameronFIX Version 6.5 during Q4.