ICAP, which has a long history in FX and operates the leading FX trading platform EBS, is using Orcâs CameronFIX Universal Server for its advanced FX order flow and connectivity, and Orcâs CameronFAST solution for high performance market data distribution using the FAST protocol. Orc Software finalized and booked the deal with ICAP in Q3 2006, for production go-live later in 2006.
âCameronFIX is helping us deliver to our customers a superior FIX solution for FX trading that provides extremely low latency,â notes John Schoen, Regional Product Manager - Americas at ICAP. âIn addition, CameronFAST gives us the ability to stream FX market data over a FIX session.â
âICAP is a valued customer and we are delighted that they are using the CameronFIX Universal Server and CameronFAST for their requirements,â said George Wishart, Sales Director for Orc Software. âOrc, as an active global member of the FIX Protocol organization, is committed to the expansion of FIX. FAST is an excellent example of the FIX community working together to improve the protocol for all users. Orc will continue as a leader in support of these standards.â
The FIX Protocol Limited (FPL) has further enhanced support for FX trading with the release of FIX 5.0 in January 2007. In addition, the FPLâs new FAST compression provides support for high volume streaming data, such as market data.
CameronFIX is the globally proven FIX connectivity solution used by leading financial institutions and exchanges worldwide. The CameronFIX Market Data Server enables the streamlining of multiple market data vendor feeds converted to the single FIX format.