Citigroup Australia Directly Connects Its Clients to Australian Stock Exchange With CameronFIX SEATS Interface
Brokers at Citigroup Australia can now connect their clients directly to the Australian Stock Exchange (ASX) through the auspices of the CameronFIX SEATS (Stock Exchange Automated Trading System) Interface and Market Mirror, developed by Cameron Systems. The interface, which uses the standardized FIX (Financial Information Exchange) protocol, "provides [Citigroup's] international clients with FIX direct market trading access to the ASX, [and it] deploys the Cameron Systems Market Mirror to keep track of DMA [Direct Market Access] orders in the market," as stated in the press release.
The Cameron FIX SEATS interface is said to multitask, providing a fast FIX connection, while "supporting and handling complex SEATS operations [such as] upward quantity amendments that require the introduction of split orders on SEATS. The Interface supports load balancing across multiple SEATS gateways to service multiple FIX clients simultaneously," according to the press release.