Cameron Systems, which provides the FIX-based messaging service, revealed details about its new system which will allow financial institutions to receive multiple market data vendor feeds and transform these into FIX market data messages.
“The market data server is targeted particularly at firms with high volume market data distribution or consumption needs including exchanges, market data providers and algorithmic traders,” said John Cameron, chief technology officer at Cameron.
The new server is the first commercial product to use Cameron Systems new patent pending accelerator technology, which would boost FIX performance by 10.
In the coming weeks Cameron Systems will be releasing the first market data adapter, the CameronFIX Reuters Market Data service (RMDS) Adapter, which will allow institutions to convert Reuters feeds to the FIX protocol.