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CameronTec Builds a Bridge to FIX’s Future
Catalys is CameronTec’s solution for the next dimension in FIX computing. The pioneering management environment aims to help firms gain greater control over their sprawling FIX environments. Of course, CameronTec hopes Catalys will overpower rival FIX engines that remain isolated from the rest of the enterprise.
By Eugene Grygo, Freelance Business and Technology Editor
At a time when securities firms are very cautious about their IT investments, FIX infrastructure and connectivity solutions provider CameronTec is boldly forging ahead with an ambitious offering that is explicitly more than an upgrade and intends to usher in a new era in FIX computing.
By all accounts, FIX is hitting its stride in the Age of Electronic Trading, moving well beyond the front lines of equity trading to post-trade functions, foreign exchange, fixed income, derivatives and algorithmic trading. In fact, this past spring, FIX Protocol Ltd., the overseer of the open standard, launched the algorithmic trading definition language, or FIXatdl, version 1.1, securing FIX’s role in the vanguard of electronic trading.
In addition, earlier this year, in a report from European consultancy Oxera, the FPL reported that the greater, global usage of FIX — even during difficult economic times — has had a beneficial impact on capital market operational efficiencies. FIX computing has also cut risk and spurred cost savings that could then be passed along to investors, according to the report. It facilitates real-time tracking of increasingly complex financial instruments and can ease regulatory monitoring, which contributes to financial stability. FIX also helps streamline connectivity, which boosts the bottom line.
CameronTec has decided to amplify this FIX wave with the launch of Catalys, an innovation that includes key management, testing and monitoring tools. The vendor is targeting firms that need to better harness their FIX nodes across the globe.
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