Imported from previous forum
[ original email was from Annie Walsh - aw@cameronsystems.com ]
DRESDNER KLEINWORT WASSERSTEIN SELECTS CAMERONFIX
TO TRADE ON EURONEXT USING FIX
NEW YORK, July 2, 2002 — Cameron Systems today announced investment bank Dresdner Kleinwort Wasserstein (DrKW) has selected CameronFIX for trading on the Euronext exchange. Cameron Systems’ flagship product and leading FIX engine, CameronFIX, is currently in production at DrKW.
Euronext, the pan-European exchange, utilizes a ‘non-pure’ implementation of the FIX protocol and therefore requires an adapter that sits between the FIX engine and Euronext, to facilitate Straight Through Processing.
Dresdner Kleinwort Wasserstein developed its own Euronext Adapter using CameronFIX, a leading FIX engine implementation for the FIX protocol, to further advance its strategic objective for faster connectivity and easier access when trading on Euronext.
In an agreement also announced today, DrKW has now signed over the intellectual property and global sales rights for this Euronext Adapter to Cameron Systems. Going forward, Cameron Systems will sell the adapter — the CameronFIX Euronext Adapter — globally. The benefits for firms adopting the CameronFIX Euronext Adapter include reduced risk and cost to business. To date, firms have relied on developing their own in-house adapters to enable FIX conversion to the Euronext standard.
"We found CameronFIX to be a very flexible engine that could be configured quickly to the specific format required when communicating with the Euronext exchange," said Ian Frith, Head of Client Connectivity, DrKW. "CameronFIX together with the Euronext adapter is now in production and working well." DrKW generally use Financial Fusion’s FIX engine for a FIX engine solution, however they have selected CameronFIX to communicate with Euronext due to its flexibility.
"Interest in using FIX through Euronext is increasing," said John Cameron, Chief Technology Officer, Cameron Systems. "We intended bringing a Euronext adapter to market during Q3 2002, however we found that DrKW had developed a new adapter solution using CameronFIX that was working well, and therefore we were happy to negotiate the rights for this."
CameronFIX 6.0 supports the latest version of the FIX Protocol — Version 4.3. CameronFIX 6.0 is the fifth major release for Cameron Systems since launching in 1997.
Cameron Systems will be exhibiting at Sibos, Geneva, Switzerland, September 30 — October 4, 2002.
About Cameron Systems
Cameron Systems (www.cameronsystems.com) is a leading global supplier of FIX (Financial Information eXchange) engines to brokers, fund managers and exchanges. Cameron Systems is focussed on FIX engine development; its flagship product — the CameronFIX engine — an implementation of the FIX protocol. Cameron Systems founder, John Cameron, spent more than fifteen years in financial software development and consulting in the electronic trading and FIX market in the USA, Europe and Asia Pacific regions before Cameron Systems was launched in 1997. Cameron Systems’ clients include UBS Warburg / PaineWebber, Barclays Capital, Compaq, Dresdner Kleinwort Wasserstein, Deutsche Bank, EMX, Fidelity Investment Services, Knight Securities, PricewaterhouseCoopers and Australian Stock Exchange.
About Dresdner Kleinwort Wasserstein
Dresdner Kleinwort Wasserstein (DrKW) (www.drkw.com) is the investment bank within the Corporates and Markets Division of Dresdner Bank AG, a member of the Allianz Group since July 2001. Headquartered in London, Frankfurt and New York and with an international network of offices, DrKW provides a wide range of investment bank products and services to European and international clients through its Investment Banking and Capital Markets business lines.
About Euronext
Upon full completion of the Euronext (www.euronext.com) planned integration process, Euronext will be the first fully integrated cross-border, European market for equities, bonds, derivatives and commodities. Euronext was created in September 2001 with the merger of exchanges in Amsterdam, Brussels and Paris, in response to growing demand from the market for a political environment favorable to further consolidation in the European capital market, and a desire to capitalize on greater liquidity and lower costs resulting from the introduction of the Euro.
Contact:
Annie Walsh
Corporate Communications
Cameron Systems
Tel. +61 412 867 068
aw@cameronsystems.com
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