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Fixnetix Selects CameronFIX for Low Latency Enhancements to Hosted Co-location Services

Tier 1 European Investment Bank first customer to benefit

CameronTec, the financial industry’s leading provider of FIX infrastructure and connectivity solutions and wholly owned subsidiary of Orc Software, today announced UK-based provider of low latency market data and trading infrastructure, Fixnetix, has selected the CameronFIX Routing Hub and High Availability Solutions for its @ Source Hosted Co-location Services. The agreement was completed in Q1 2010 and is based on CameronTec's licensing subscription model.

Fixnetix customers such as investment banks and hedge funds will further benefit with the newly extended service for offering low latency FIX-to-FIX routing as well as the flexibility to leverage a Highly Available FIX service.

Operating some 18 co-location and proximity hosting centres across Europe and the US to support trading across all the major cash equities, futures, FX, commodities and bond markets, Fixnetix has completed roll-out of the CameronFIX solutions in it UK operations, with further plans to extend this worldwide.

“Fixnetix has a rapidly growing customer roster of leading investment banks, hedge funds and proprietary trading groups worldwide,” says Paul Ellis, Chief Operating Officer of Fixnetix. “Our successful innovation depends on organic and strategic partnership growth to fulfil all asset class low latency demands for data and trading.”

Michel Balter, Sales Director EMEA for CameronTec says market demand is growing for Fixnetix high value co-location offering low latency FIX services. “CameronTec is pleased that Fixnetix, a respected and fast growing provider of market data and trading infrastructure connectivity to financial institutions, has selected CameronFIX on the basis of scalability, low latency and flexibility to power its new low latency, Highly Available FIX offering.”

CameronFIX is the outcome of 13+ years continuous investment in FIX performance, scalability, interoperability and robustness. Larger investment firms, brokers, exchanges and regulators on all five continents, and an increasing number of boutique firms seeking high standards for FIX, use CameronFIX for their high performance FIX applications.

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