CameronTec has integrated its FIX platform with the Object Trading’s global DMA platform for equity, derivative and FX markets.
As sell-side firms wrestle with the opposing requirements to reduce business cost and complexity without diminishing client service, they increasingly look to streamline trade messaging and market access infrastructure. Many firms suffer with legacy infrastructures that are a drag on performance and have become expensive to manage after years of technology build-outs and add-ons. For those firms, an outsourced offering enables them to improve operational efficiency and trade performance at a lower cost than building in-house.
The joint offering delivers a packaged solution that provides CameronTec’s message transformation and routing technology with Object Trading’s Frontrunner DMA platform to provide access to more than 60 global markets. The result is a ready-to-trade solution that integrates buy-side client connectivity, trade data management, and market access across broker and client trading systems.
Prior to today’s announcement, a number of top tier firms have combined CameronTec and Object Trading technology, and leveraged the two firms’ subject matter expertise to manage trade messaging and market access. This has influenced the decision to formalise the collaboration between CameronTec and Object Trading to deliver a pre-packaged, fully integrated solution to the market.
CameronTec’s Catalys provides an integrated platform for operations, infrastructure and trading. Open-standard-based and centrally managed, Catalys harnesses unprecedented levels of performance, data interoperability, convergence and business insight. Combined with CameronFIX, the firm’s high performance FIX platform, Catalys provides the flexibility and innovation that clients have come to expect from the FIX world.
Object Trading’s DMA suite provides normalised market access via real-time market data and order execution with in-line pre-trade risk constraints, greatly reducing the complexities of exchange connectivity. Through a single gateway, sell-side and buy-side firms can access equity, derivative and FX markets globally. The platform offers a quick time to market and low technical overhead to add additional destinations with one integration. FrontRunner removes the limitations to growth as markets multiply and grow in complexity, allowing firms to access new opportunities with minimal investment.
"For the first time, brokers now have access to a comprehensive market-facing infrastructure for FIX and non-FIX markets based on an open, high-performance, reliable messaging technology,” says Anders Henriksson, chief executive at CameronTec. “For many firms currently constrained by proprietary infrastructures, this brings a compelling opportunity for decision-makers on both the business and technology side.”
Steve Woodyatt, chief executive at Object Trading says: “As the industry looks to streamline trading operations, eliminating redundant, inflexible market connectivity infrastructures has become a focus, from the CIO and CTO to the traders on the desk. Our FrontRunner DMA platform, paired with CameronTec Catalys, provides a simple yet very powerful proposition. Engaging with CameronTec, we can deliver one FIX platform, integrated with one gateway to an extensive set of liquidity venues, supporting all your trade messaging and market connectivity needs across the firm.”