Sydney, Australia: Tuesday March 29, 2005 â The only globally proven Financial Information Exchange protocol [FIX] platform provider Cameron Systems today announced the opening of an office in Shanghai, China in response to the growing adoption of the FIX protocol within the region and the resulting increased demand for the leading CameronFIX Universal Server FIX Engine.
Whilst the Chinese securities market was established only 15 years ago with the opening of the Shanghai Stock Exchange in 1990 and the Shenzhen Stock Exchange one year later, China has rapidly emerged as potentially one of the largest equities and commodities markets within the international trading community and likely to eclipse the current uptake rate of the FIX protocol in Europe.
Senior representatives from Cameron Systems have spent considerable time in China during the past few years establishing the foundations for Cameronâs presence in the region with strong interest in FIX from market leaders preparing for international opportunities and competition. With the Shanghai office scheduled to open Q2 2005, Cameron Systems has recruited senior staff that will provide locally skilled CameronFIX development and support for the Greater China financial community, primarily Shanghai, Hong Kong and Beijing.
In Shanghai last week, Cameron Systemsâ CEO Peter Cooper said: "We are delighted to make this announcement. Cameron Systems is committed to expanding its presence in the Chinese financial markets to deliver the benefits of the Financial Information Exchange (FIX) open standard. FIX is being rapidly adopted in China and as the FIX leaders we are seeing most of the demand - and we are meeting that demand â with the No.1 FIX engine CameronFIX. Our decision to open a dedicated local office was predicated on providing excellent service for the Chinese customer base just as we do for the rest of the world today. Like all our offices, Cameron Systems Shanghai will be staffed with world class developers that contribute to our product development and serve clients in all regions."
Chris Biscoe, Co-Chair of the FIX Protocol Organizationâs Asia Pacific Regional Committee, congratulates Cameron Systems for being the first FIX engine provider to establish a center in mainland China. "Todayâs announcement highlights the important role Cameron Systems is playing with the expansion of the FIX protocol in China. FPL recognizes and thanks Cameron Systems for its ongoing commitment to actively promoting the FIX protocol globally."
"Our aim is to be the leading FIX solutions provider for the local banking and financial sector in China," said Founder and Chief Technology Officer for Cameron Systems, John Cameron. "We are excited about the potential of FIX in China and feel honored to be able to play a small part in the astonishing economic miracle that is China today."
Todayâs announcement follows Cameronâs recent successful FIX Direct Market Access implementations with major Exchanges including Singapore Exchange, Deutsche Bourse, Tokyo Stock Exchange, Australian Stock Exchange and Osaka Securities Exchange with more underway.
Cameron Systems is the only globally proven Financial Information Exchange protocol [FIX] trading solutions provider for worldwide Brokers, Fund Managers, Exchanges, Transaction Networks and Software Vendors across the banking and financial industry. Celebrating 8 years of success in 2005 with more connections, more customers and more products, Cameron Systems continues to help grow financial markets worldwide by actively supporting and playing a leading role in the expansion of the FIX protocol. Cameron Systems has been a Premier Member of FPL the global industry body for FIX since 2003.
Cameron Systems will be exhibiting at the FIX Protocol Organizationâs China Conference scheduled for Q2 2005 and at the Trade Tech Equities Conference in Paris, April 26 â 29.