Cameron Systems agrees to acquisition by Orc
NEW YORK and SYDNEY – In a further sign of financial IT vendor consolidation, Fix platform developer Cameron Systems has signed a merger agreement with Stockholm-based trading system provider Orc Software.
The acquisition by Orc, at a price of as much as $32 million, is expected to close later this month.
Through the merger, Cameron Systems will be able to provide its client base – including asset managers, hedge funds and buy-side order management systems vendors – access to Orc's market
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
This Week: Esma, Crossover Markets, SteelEye and more
A summary of the latest financial technology news.
New chatbots reveal limitations of legacy API development
As large language models that underpin the likes of ChatGPT and Bard come to market, vendors and trading firms are starting to see the benefits—and challenges—that open APIs provide.
Broadridge rethinks the OMS
Through its partnership with Glue42, Broadridge is bringing together the best components of its agency trading and market-making solutions.
Ice exec rejects cloud for critical infrastructure
FIA Boca 2023: SVP Bland “can’t imagine” outsourcing critical infrastructure; DRW’s Wilson warns of concentration risk
The ecosystem trap: Why app stores perpetuate vendor lock-in
And how FDC3 appD can solve this problem
This Week: MSCI/Alveo; Ice/Rozetta; market data pricing & more
A summary of the latest financial technology news.
DTCC’s blockchain for CDS trades finds no takers
Sources say the industry is not yet ready to fully adopt wide-scale implementations of distributed-ledger technologies.
OK regulator? How AI became respectable for AML controls
Dutch court case pressures supervisors to accept new tech; explainability the key challenge
