Exane will use the CameronFIX platform to provide FIX protocol connectivity for receiving equity order flow from its worldwide institutional customers. The platform will also be used by Exane BNP Paribas across its business to provide support for trade advertisement and indication of interest networks and point to point clients, as well as a FIX gateway for its middle office allocation services.
This deal represents Exane BNP Paribas’ second implementation of the FIX protocol, and, according to the cash equity company, was motivated by the fact that so many of its buy side customers already use CameronFIX.
The platform is also popular throughout the trading community, with other users including Bank of America, Nomura Securities, Credit Suisse, and Citigroup, among others.
