CameronFIX User Survey Highlights Challenges Facing the FIX Protocol

16 June 2010

CameronTec, providers of the financial industry’s most widely utilized FIX infrastructure and connectivity solution, today announced the release of the 2010 CameronFIX User Survey findings. A detailed copy of the findings will be available from the CameronTec booth during next week’s FST Expo in New York, and will also appear in the June edition of FIXGlobal magazine.

Respondents to the global CameronFIX survey included both buy and sell sides, across large to smaller firms, as well as exchanges and ISV’s... in total representing FIX traffic volume of 200,000,000 FIX messages per day and more than 4,000 FIX sessions.

CameronFIX Survey findings include:

• More than 75% of FIX users registered an increase in FIX volumes; with FIX usage reportedly greater since the financial crisis hit in 2008,

• 60% of firms reported no downsizing to their FIX team over the same period,

• In terms of the versions of FIX being used and the age of infrastructure, findings indicate firms during the financial crisis, were staying with existing frameworks over anything new.

Industry participants also provided additional information around the findings with expanded commentary from firms such as Deutsche Bank and Winterflood Securities.

CameronTec is exhibiting at the FST Expo in New York June 22 - 24, booth # 1416A. Visit the stand to learn more about the industry’s most widely installed FIX engine, CameronFIX, and pick up a copy of the latest CameronFIX User Survey findings.

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