Orc Software and Cameron are market leaders in their respective business areas.
The direct effects are related to sales of Cameron FIX components to Orc clients and Orc Software's direct market access interfaces to Cameron's clients.
Together Orc and Cameron will provide a unique product range enabling our customers to connect their customers and partners, in order to automate order flows to a much larger extent", says Jonas Lindstrom, CEO of Orc Software.
Magnus Bocker, Chairman of Orc Software says: "We expect Orc Software's increased competitiveness following the acquisition of Cameron Systems to be significantly value enhancing to our shareholders.
Cameron's founder and CEO, John Cameron says: "Since reaching our position of market leader in the FIX space, we at Cameron Systems have been giving considerable thought how to best take our company to the next level.
The objective is to use the leading technical solutions from Cameron as the FIX interface to OMX systems, and more broadly to leverage Cameron's knowledge of the FIX protocol.
Financial advisor to Cameron Systems was Marlin & Associates.
Cameron Systems, the only globally proven Financial Information Exchange protocol (FIX) trading solutions provider, celebrates four years of success in 2005 with more connections, more customers and more products.
With offices located in New York, London, Shanghai and Sydney, Cameron works with its network of global partners and its worldwide customer base to deliver greater efficiencies for all FIX messaging for market data, trade and post trade across Equities, Fixed Income, Futures & Options and Foreign Exchange.