Charles River Development has signed a strategic agreement with Cameron Systems to ship the CameronFIX Engine as a component of the Charles River Investment Management System (Charles River IMS). Charles River will embed the CameronFIX Engine within Charles River IMS.
Charles River says the integration of the products will result in transparent conversion of trade data from Charles River IMS into the appropriate FIX messages and facilitate downstream trade processing with an investment organization’s chosen counterparties – enabling users to seamlessly send and receive FIX-based equity, fixed income, futures, options, foreign exchange, and other trade messages directly from Charles River IMS.
Charles River will ship the CameronFIX Engine as a component of Charles River IMS v8.0 at no additional cost to clients in the fourth quarter of this year. Current Charles River clients will be able to take advantage of the CameronFIX engine through a software upgrade to Charles River IMS v8.0.
Charles River IMS v7.2 supports FIX 4.0 through 4.2 and FIX-based fixed income allocations with MarketAxess and TradeWeb. Charles River IMS will support FIX 4.4 in its upcoming v8.0 release as well as FIX-based equity allocations and FIX-based FX trades and allocations.
“We are very pleased Charles River Development’s 120+ clients will be able to take advantage of the CameronFIX engine,” says John Cameron, Cameron Systems Chief Technology Officer. “Over the past seven years we have worked hard to develop the world’s best FIX technology. Similarly, Charles River is moving to the forefront of FIX connectivity with support for FIX-based equity, fixed income, and FX transactions. We look forward to working with Charles River to increase the adoption of FIX, and are pleased to be part of a solution that brings productivity and performance benefits to the investment management marketplace.”
Charles River will ship the CameronFIX Engine as a component of Charles River IMS v8.0 at no additional cost to clients in the fourth quarter of this year. Current Charles River clients will be able to take advantage of the CameronFIX engine through a software upgrade to Charles River IMS v8.0. The upgrade will not require a re-implementation or changes to current connectivity or workflow. Charles River will also offer clients the option to adopt Cameron’s “High Availability” FIX engine, which includes added support for disaster recovery.