Imported from previous forum
[ original email was from Annie Walsh - aw@cameronsystems.com ]
Blue System partners with Cameron Systems for unique first-to-market transactional FIX-based trading model.
Cameron Systems furthers its support for FIX protocol usage across additional asset classes.
LONDON, UK, Tuesday September 14, 2004: — Global Financial Information Exchange [FIX] engine provider, Cameron Systems, and futures and options trading systems specialists, Blue System Inc., today announced an exclusive alliance to provide the financial community with a greater value proposition for derivatives trading.
With a revolutionary approach to global electronic trading, Blue System provides its clients with leading edge, trading, analysis and advanced risk management tools free of charge, using a unique, unmatched transaction commission based pricing structure.
To complement and expand its product suite, Blue System will add BLUE™fix, a licensed version of the CameronFIX Engine 6.1. This will enable Blue System to provide its clients with consolidated FIX/back office and trading systems at zero fixed cost, eliminating the necessity to source from multiple product and service providers. Blue System’s CameronFIX-enabled BLUE™trader system will enable FIX protocol connections using the globally accepted FIX messaging standard.
Under its BLUE™fix application, Blue System is licensed to use the CameronFIX Universal Server and all CameronFIX options, including: High Availability, monitoring and scheduling. Cameron will offer Blue System’s clients support for all versions of the FIX protocol 4.0 to 4.4, and message types, including: MarketData, QuoteRequest, Quote, Order, Execution and SecurityDefinitionRequest.
“Blue System is very pleased to be working with Cameron Systems,” said Blue System’s CEO Sulim Malook. “We selected Cameron for its proven track record and extensive institutional client base. Our choice of partner was the result of careful analysis of a number of criteria including: a thorough knowledge of FIX and strong global presence; business flexibility in developing a pure, transaction based model; and best product fit with our existing front-end technology.”
Cameron Systems Sales Director, Glenn Cruickshank stated, “Cameron Systems partnership with Blue System for a futures and options trading solution has again demonstrated our leading market position and ongoing support for the FIX standard, evidenced today with the introduction of the protocol across new asset classes, with additional geographies and new business process areas.”
Cameron Systems and Blue System are co-exhibiting at the forthcoming FOW Derivatives & Securities Forums at the Raffles City Convention Center, Singapore, 19–21 October 2004, and at the Melia Castilla Hotel, Madrid, Spain, 16-17 November 2004.
About Cameron Systems
First released in 1997, the CameronFIX Engine is a highly scalable implementation of the Financial Information eXchange protocol; the messaging standard developed specifically for the real-time electronic exchange of securities transactions.
The CameronFIX Engine is suitable for large and medium size fund managers, brokers and exchanges, as well as smaller companies who use the FIX protocol. Cameron Systems provides dedicated and global FIX integration and connectivity solutions with worldwide 24/7 technical support from its offices in New York, London and Sydney. Cameron Systems client base is global in over 15 countries across North America, Europe and Asia Pacific. Major customers include: Fidelity Management and Research, Knight Securities, CIBC World Markets, UBS, Nomura Securities, Barclays Capital, LatentZero, Charles River Development, RCM, Gartmore Investment Management, MFS Investment Management and Dresdner Kleinwort Wasserstein.
Cameron Systems is a Global Member of the FIX Protocol Organisation and is a SWIFTNet Ready FIX application provider.
For additional information see www.cameronsystems.com
About Blue System
Blue System Inc. (BSI) was established with the express purpose of consolidating multiple products and services, eradicating current inefficiencies and providing an altogether more streamlined and cost effective solution for trading in the new electronic arena. It provides its clients, both buy-side and sell-side institutions, with unlimited trading and analysis licenses absolutely free of charge. By adopting a highly competitive, ‘pay-as-you-use’ model, BSI has eliminated the traditional costs and ongoing maintenance charges usually associated when subscribing to professional products.
BSI is a member of the National Futures Association in the U.S. and is registered as an independent Introducing Broker. Blue System Trading Limited is a wholly owned subsidiary and is regulated by the Financial Services Authority in the U.K.
For additional information see www.bluesysteminc.com
Contacts:
Annie Walsh, Cameron Systems
+61.412.867.068, aw@cameronsystems.com
Glenn Cruickshank, Cameron Systems
+44.207.464.8817, gc@cameronsystems.com
Sulim Malook, Blue System
+44.207.464.8447, smalook@bluesysteminc.com