Orc Software, a provider of technology for advanced derivatives trading and connectivity, released, during the FIX Protocol Organization’s Electronic Trading Conference in New York, Orc CameronFIX Version 6.3.1. This latest release provides significant performance enhancements around Orc’s FAST capabilities, FIX monitoring through the Orc Dashboard, and further developments for improved Orc System and CameronFIX integration. FIX/FAST is the new industry standard developed by the FIX Protocol Organization specifically for the transmission of market data, and designed to drastically reduce end-to-end latency and improve bandwidth scalability. "Orc CameronFIX version 6.3.1 is an important milestone in our evolution towards a true fourth generation FIX engine, leveraging FAST technology to deliver new levels of performance to our customers," said John Cameron, chief technology officer for Orc Software, in a press release. The new enhancements available in Orc CameronFIX version 6.3.1 includes optimized FAST performance. Orc CameronFAST is benchmarked at three times faster than OpenFAST and significantly faster than CME Reference FAST. Optimization allows orders and prices to be transmitted at greater speeds, resulting in processing larger volumes of data faster.
It also features optimized FAST components inside the CameronFIX Universal Server. The deep integration of compressed binary FAST technology and datatypes into the universal server, initiated with the release of CameronFIX 6.3, has now been extended to message processors and adapters. It offers improved monitoring through the Orc Dashboard and enables firms to achieve unprecedented flexibility in the organization of data for efficient monitoring of the largest global CameronFIX deployments. Additionally, enhanced risk mitigation is available through role based access control, better enabling firms to protect best execution policies relying on critical market links and demonstrating compliant traceability of all management actions globally. And improved Orc System integration will result in select CameronFIX market access via Orc’s extensive market gateways. Some Orc clients are already using this offering for select access to markets such as CBOT, CME, Eurex, HKFE, ICE, IDEM, Euronext.liffe (London, Paris) SGX and TSE.
“With optimized FAST capabilities accessible to CameronFIX users, Orc delivers a new reference to the industry for high-volume, high-frequency, high-performance global electronic trading. Never has robust, scalable technology been so needed than in the current volatile markets,” said Joacim Wiklander, vice president product management at Orc Software, in the release. “Delivering optimized FIX requires high levels of expertise, as does delivering insightful, effective FIX monitoring. As CameronFIX development produces more complex optimizations, and as risk control peaks at critical in the financial industry, only the makers of CameronFIX can achieve the sophisticated monitoring needed to make the best of CameronFIX,” added Max Colas, senior product manager at Orc Software, in the release.
“With our ambitious Dashboard program, users won’t need to rely on second-guess generic monitoring achieved by third-party systems,” Colas added. “Today’s news of Orc’s investment in the Dashboard monitoring program represents only the beginning of its long-term commitment to reliable, high-performance monitoring,” he said.