CameronTec, the financial industry’s leading provider of FIX infrastructure and connectivity solutions and wholly owned subsidiary of Orc Software, today announced two exchanges within the CEE Stock Exchange Group (CEESEG), Vienna and Ljubljana, have gone live with CameronFIX — the global financial industry’s most widely-installed, high performance Financial Information eXchange (FIX) offering. The agreement was completed in Q1 2010 and is based on CameronTec's licensing subscription model.
The Vienna Stock Exchange is the initiator and like the exchanges of Budapest, Ljubljana and Prague, a 100% subsidiary of the CEE Stock Exchange Group, the largest exchange group in Central and Eastern Europe. The four member exchanges of the Group account for around half of total market capitalization and about two-thirds of equity turnover in Central and Eastern Europe. CEESEG is thus the largest player of all exchanges in the region.
The Vienna Stock Exchange operates the only securities exchange in Austria as well as the Energy Exchange Austria, EXAA, and the CEGH Gas Exchange of the Vienna Stock Exchange. The CameronFIX implementation for CEESEG currently covers around 20 financial institutions for order routing and market data. The solution also handles the interaction of orders managed by the standard trading front end software.
Today’s news follows the recent announcement by Ljubljana Exchange regarding its implementation and launch of the Xetra® trading system. By introducing Xetra to the Slovene capital market the Ljubljana Exchange is reaching one of its key strategic objectives: integration of the Slovene market into international capital markets.
“Vienna Stock Exchange provides state-of-the-art technologies and infrastructure to its members and market participants. The selection of the CameronFIX Engine is a continuation of our commitment to excellence, ensuring the smooth and efficient execution of stock exchange transactions and facilitating interaction among all market participants,” says Michael Buhl, CEO of the Vienna Stock Exchange and CEE Stock Exchange Group.
“CameronTec is pleased to be selected by the CEESEG to provide FIX connectivity for what is undoubtedly the largest exchange player in the region. We look forward to working with the Vienna and Ljubljana Exchanges to bring the broader benefits of CameronFIX to additional members of the CEE Stock Exchange Group,” commented Anders Henriksson, CEO for CameronTec.
"CameronFIX has traditionally been the preferred choice for exchanges, regulators and clearing houses seeking a high-performance, focused and independent FIX vendor," says Max Colas, Chief Product Officer for CameronTec. "In addition to countless member firms, today many exchanges are CameronFIX-enabled globally. When it comes to investing in a commercial FIX solution, exchanges value the integrity and reputation that come with the CameronFIX industry-standard."
CameronTec this month announced the release of the latest version CameronFIX 6.5.
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