Imported from previous forum
[ original email was from Annie Walsh - anniew@orcsoftware.com ]
Uptake of CameronFIX gateway expands under MiFID
CameronFIX – Orc Software’s globally proven FIX connectivity solution and gateway to its electronic market connections
LONDON & STOCKHOLM: Friday February 9, 2007 – Orc Software (SSE: ORC) the leading global provider of technology for advanced trading, market making and brokerage, today announced it will be previewing MiFID compliance solutions during the Trade Tech MiFID Conference in London, February 27. These include solutions for Best Execution, Market Connectivity, Systematic Internalisation and support for Transaction Reporting.
With new venues appearing under MiFID, firms will be looking to connect to and manage a larger number of markets and clients. Orc Software provides enhanced direct market access through its 100+ ready made electronic market connections for fast, reliable connectivity with the high performance capabilities of the CameronFIX gateway.
During the MiFID Conference Orc Software’s team will be available to discuss solutions for MiFID compliance to provide:
• the Routing Module for achieving and proving Best Execution,
• market connectivity with stable, reliable 100+ market connections,
• High speed, high performance CameronFIX gateway connections,
• Systematic Internalisation capabilities, and
• TRS reporting for storing, publishing and submitting data.
Orc’s Best Execution Routing Module is a dynamic and reliable integrated solution for defining execution policy including transaction costs, and generating a snapshot of the routing execution decision. This functionality can also be used for cross-purpose data intelligence and regulation compliance. The routing module reduces manual input and therefore the chance of human error.
Visit our booth during MiFID London to learn more about the Orc / CameronFIX technology platform including Orc Trader, Liquidator as well as the CameronFIX Universal Server.
About CameronFIX
CameronFIX, the number one Financial Information Exchange protocol (FIX) platform, is an Orc Software connectivity solution. CameronFIX is used as a FIX platform by major members of the global financial industry including Bank of America, International Securities Exchange, Nomura Securities, Standard Chartered Bank, Credit Suisse, Singapore Stock Exchange, Australian Stock Exchange, OMX, Fidelity Management and Research, Knight Securities, UBS, Citigroup, BlackRock, Barclays Capital, CIBC World Markets and Dresdner Kleinwort Wasserstein.
About Orc Software
Orc Software (SSE: ORC) is a leading global provider of technology for advanced trading, market making and brokerage. Founded in 1987, Orc provides solutions and services to its 600+ worldwide customer sites from its 14 offices across Europe, North America and Asia Pacific. Orc Software’s customers include leading investment banks, trading and market-making firms, exchanges, brokerage houses, institutional investors, hedge funds and software vendors. Orc Software has offices in Chicago, New York, Toronto, London, Stockholm, Frankfurt, Milan, Vienna, Zurich, St. Petersburg, Moscow, Tokyo, Hong Kong and Sydney.
Orc Software is a Global Member of the FIX Protocol Organization
www.orcsoftware.com