CameronTec to provide high-value FIX connectivity services to its Buy Side clients.
CameronTec, the global provider of the financial industry’s most widely-installed FIX infrastructure and connectivity solutions, today announced that BNP Paribas Securities Services has selected CameronTec’s Catalys for the client connectivity hub in its outsourced dealing service for the buy side.
BNP Paribas Securities Services, a global custodian with nearly USD 7 trillion in assets under custody, will use Catalys as part of its client facing FIX Trading Hub within Dealing Services, enabling it to provide better connectivity and straight-through-processing to clients.
Dealing Services is a buy-side dealing desk for asset managers, insurers and private banks, providing access to market liquidity via a global network of brokers and ensuring best execution process. Dealing Services operates worldwide with 40 expert dealers, handles over 850,000 orders a year, for 40 clients managing over €500 billion of assets, with state of the art dealing platforms with broad market connectivity.
“We are pleased Dealing Services at BNP Paribas Securities Services has selected CameronTec to power its high value FIX Dealing Hub services to the buy side community,” says Michel Balter, CameronTec’s Sales Director for EMEA. “Liquidity, market access and managing client flows efficiently are of utmost importance to Dealing Services, and they have selected multiple integrated products within the Catalys solution suite to ensure optimal connectivity through a standardised protocol.
Philippe Boulenguiez, head of Dealing Services at BNP Paribas Securities Services said: “Our clients rely on us not only because of our dealing expertise, but also for our advanced technology and as a long term business enabler. We selected Catalys because it offers the appropriate FIX connectivity, which matches our current needs and future requirements.”
Catalys is the inclusive FIX-based ecosystem engineered on the industry acknowledged standard in FIX engines, CameronFIX. Catalys is designed to further empower brokers, banks and the buy-side to aggregate, view and manage related trade data. This covers FIX transactional data and latency, risk and operational data, from a multitude of disparate third party systems, gateways and applications.