Cameron Systems

From MarketsWiki

Cameron Systems
Founded	1997
Headquarters	Melbourne, Australia
Key People	John Cameron, CTO Martin Koopman, President
Employees	30
Products	FIX Protocol messaging software
Web site	http://www.cameronsystems.com

Cameron Systems is a technology company that developed CameronFIX, a Financial Information Exchange protocol (FIX) connectivity solution. Cameron Systems was acquired by Orc Software in 2006.^[1] The CameronFIX engine is now sold by Orc Software as an Orc Connect Connectivity Solution. CameronFIX provides the FIX gateway to Orc’s 120 global market connections.

History

In 2001 John Cameron hired The Boston Consulting Group to write a business plan for the company and Martin Koopman joined as president to expand the company. The CameronFIX Universal Server was launched in 2001, which was a full FIX application rather than a set of class libraries and made the product quicker and easier to deploy.

In 2002 offices were opened in New York and London and later in Sydney, and the customer base increased significantly. By 2005 over 500 fund managers, brokers, exchanges and software vendors used the CameronFIX engine. In the FIX Protocol Limited User Survey in 2005 the CameronFIX engine was ranked number one for global market share by both buy side and sell side institutions.^[2]

In February 2006 Orc Software acquired Cameron Systems for $32 million.^[3] Nordic stock exchange operator OMX owned 31.3 percent of Orc Software and agreed to use the Cameron FIX engine at the time of the deal.^[4]

References

1. ↑ Orc Software Completes Acquisition of Cameron Systems. Automated Trader. Retrieved on October 27, 2008.
2. ↑ CameronFIX Receives Number One Ranking. Bobs Guide. Retrieved on October 27, 2008.
3. ↑ Press Release. Business Wire. Retrieved on October 27, 2008.
4. ↑ Orc Software Buys FIX Vendor Cameron Systems. Finextra. Retrieved on October 27, 2008.