Imported from previous forum
[ original email was from Annie Walsh - aw@cameronsystems.com ]
FIX Protocol Migrates to Japan’s Futures & Options Market: Nihon Unicom Selects CameronFIX for Streamlining Century Securities & Access Securities
Sydney, AU & Tokyo, JPN – Monday September 20, 2004 — Global FIX Engine vendor Cameron Systems and Japan-based partner MetaBit today announced that Nihon Unicom Corporation, leading service provider for the execution and clearing of all commodity futures exchanges in Japan, has selected the CameronFIX Engine to streamline retail flow for the trading of Futures [Nikkei 225] and Options at their subsidiary Century Securities; consisting of two newly merged subsidiaries of Nihon Unicom — Access Securities and Century Securities.
This is the first known implementation in Japan of the Financial Information Exchange [FIX] protocol’s version 4.3 for futures and options trading by a Japanese securities firm. Nihon Unicom’s decision to use Japan’s more commonly utilized version of the protocol - FIX 4.3 - is due to its enhanced support for derivatives trading.
MetaBit, leaders in Japan for FIX implementations within financial markets, was contracted by Nihon Unicom to provide the CameronFIX connectivity solution and required FIX integration consulting and support.
CameronFIX will provide the FIX standard requirements to link the currently separate Order Management Systems utilised by both former Century Securities and Access Securities. Given the highly competitive environment in Japan’s financial industry, Nihon Unicom decided to utilise CameronFIX for FIX version 4.3 as rapid integration technology to consolidate the systems of the newly merged firms.
Nihon Unicom selected its preferred software integrator, Trade Works, to assess reputable FIX engines available in the market, and settled on the CameronFIX engine for its track record with derivatives trading, support for various versions of the FIX protocol, as well as its robust, proven architecture.
“Nihon Unicom decided to apply the FIX protocol in an unusual manner,” said Mr. Oba, Associate Director, Systems Development & Operations, Nihon Unicom. “FIX is typically utilised for communicating securities transactional messages between participants of the financial industry and the exchanges. In this project however, we utilised FIX as a rapid technology solution to integrate two completely differing trading order management systems. We are impressed with the performance of the CameronFIX engine and its support of listed derivatives combined with MetaBit’s in-depth of knowledge of the FIX protocol and the Japanese financial market. MetaBit provided a fast turnaround for the necessary testing and provision of the appropriate FIX solution.”
“We are pleased to be working with Nihon Unicom Corporation and Trade Works to provide the ‘best fit’ FIX implementation for its dual OMS requirements,” said Yoko Tateya, Director at MetaBit. “We are continuing to make significant headway with the FIX protocol within the Japanese financial market and today’s announcement is testament to this.”
MetaBit will provide Nihon Unicom with ongoing local support for CameronFIX.
Nihon Unicom is a Member of the Tokyo Commodities Exchange (TOCOM) and Tokyo Grain Exchange (TGE).
Cameron Systems is exhibiting at the upcoming Derivatives & Securities Forum in Singapore, 19 – 21 October 2004 - Raffles City Convention Centre.
About Nihon Unicom Corporation
The Nihon Unicom Corporation provides services for execution and clearing for all Commodity Futures Exchanges in Japan including TOCOM (Tokyo Commodity Exchange) and TGE (Tokyo Grain Exchange). Nihon Unicom’s primary business is in Commodity Futures Trading, and in addition has diversified their scope to related areas including Margined Foreign Exchange, Managed Futures [via integration with subsidiaries of Access Securities], FX Platform (facility provider for FX), AURA (subsidiary of IB, CTA in N.Y) and Trade Vision (system provider for Commodity Futures Brokers). More information at www.unicom.co.jp/english/
About TRAdE WORKS
Established in 1999, TRAdE WORKS Co., Ltd. is focused on providing cost efficient solutions to system integration projects for the financial industry. It is TRAdE WORKS’ goal to find the best solution in the shortest time frame. In any project, TRAdE Works first provides a sample solution, followed by system or networking consultancy where necessary. They are conversant with all aspects of the rapidly changing financial industry. For more details, visit www.tworks.co.jp
About MetaBit Systems
Based in Tokyo, IT consulting firm MetaBit Systems is focused on serving the financial industry. Established as a high-quality niche product provider, MetaBit offers modularised financial software products to foreign and domestic firms. MetaBit focuses on FIX consulting and equities trading software solutions that link Buy and Sell side clients via FIX. MetaBit’s XiliX™ and MetaXL™ products have revolutionised Japan’s FIX world, enabling multi-broker trading and reducing transaction processing times; setting the foundation for shorter settlement cycles. For more information, visit www.meta-bit.com
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, UBS, CIBC World Markets, Nomura Securities, Barclays Capital, LatentZero, Charles River Development, RCM, Gartmore Investment Management, MFS Investment Management and Dresdner Kleinwort Wasserstein. For additional information see www.cameronsystems.com
Contacts:
Annie Walsh, Cameron Systems
+61.412.867.068, aw@cameronsystems.com
Daniel Burgin, MetaBit Systems
+81.3.3664.4160, danielb@meta-bit.com
Hideyuki Oba, Nihon Unicom
+81.3.5623.5089, oba@unicom.co.jp
Takanao Kamezaki, TRAdE WORKS
+81.3.3515 6619, kamezaki@tworks.co.jp