SYDNEY, AU â Monday August 2, 2004 â Global financial services company Citigroup and Financial Information Exchange [FIX] connectivity provider Cameron Systems today announced the recently released CameronFIX SEATS Interface and Market Mirror has been selected by Citigroup Australia to provide them with connectivity to the ASX using the FIX messaging standard.
The CameronFIX SEATS Interface is one module from the Cameron Systems Direct Market Access (DMA) Architecture, which works with the Cameron Systems FIX engine to enable FIX messaging to interact with SEATS execution. The SEATS Interface provides Citigroup Australia with fast, completely standard FIX connections whilst supporting and handling complex SEATS operations on the Australian Stock Exchange. Citigroup also deployed the Cameron Systems Market Mirror, which keeps track of orders in the market.
"Cameron Systems responded quickly to our requirements for a fast and flexible FIX connection that could easily handle SEATS and provide our customers with FIX direct market access to the ASX," said Citigroupâs Vice President, Equity Electronic Trading, Ben Valentine. "The CameronFIX SEATS Interface presented well during our evaluation process as it required minimal configuration and was easily integrated with our existing trading system."
"We are pleased Citigroup Australia is utilizing the CameronFIX SEATS Interface and the Market Mirror to provide FIX direct market access," said Cameron Systems Commercial Director, Martin Koopman. "Todayâs announcement highlights Cameron Systemâs commitment for delivering the FIX connectivity solutions required to meet the rapid globalization of the financial services industry."
CameronFIX provides comprehensive support for the FIX protocol specification versions 4.0 to 4.4 and workflows including IOIs, orders, lists, executions, and allocations. CameronFIX is deployed globally across more than fifteen countries through Europe, North America and Asia Pacific.
The FIX protocol is the globally recognized messaging standard enabling the real-time electronic communication of pre-trade and trade messages between financial institutions, primarily investment managers, broker/dealers, ECNs and stock exchanges.
For further information please contact:
Annie Walsh, Cameron Systems
Martin Koopman, Cameron Systems
Ben Valentine, Citigroup