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Fixnetix Launches iX-eCute® and iX-Max for Chi-X® Australia
LONDON, January 7, 2015 /PRNewswire/ --
Fixnetix, the global provider of front office managed trading solutions in Capital
Markets, announced today the launch of iX-eCute(R), its Field-Programmable Gate Array
(FPGA) risk management hardware solution and iX-Max, its high performance proprietary
market data feed-handler, for Chi-X(R) Australia. iX-eCute(R) and iX-Max have received
qualification from Chi-X(R) Australia for their trading system as a market solution.
The iX-eCute(R) solution provides a platform offering full marketplace conformance,
comprehensive risk checks and extensive throttling capabilities for Australian equities.
This launch builds on already incorporated functionality, designed to meet the
requirements of increasing global risk management regulation. The Australian solution
provides for an industry leading performance of sub 3.5micros round-trip-time for an
independently terminated client and venue design; such a method is often preferred over
simpler 'packet sniffing' technologies by regulators. The solution also required the
development and deployment of a new market data feed-handler, known as iX-Max, given the
unique vagaries of the marketplace.
"Due to similarities with other markets already live in Australia, Fixnetix has been
able to leverage existing code-base to incorporate the specific requirements of the
Chi-X(R) Australia trading system easily," said Dr Marcus Perrett, Director of Development
at Fixnetix. "With Chi-X(R) Australia live, we now have both major Australian equity
markets supported with
iX-eCute(R) and iX-Max."
Fixnetix has patented sophisticated technology that provides isolated client and venue
sessions via dual TCP/IP offload engines ('TOE') and has recently celebrated its second
year of client deployment in North America and Asia of the iX-eCute(R) solution in this
configuration.
About Fixnetix
Fixnetix is an award winning company providing outsourced managed services across
multiple asset classes to leading global banks, hedge funds and proprietary trading groups
seeking trading, market data, hosting, infrastructure, connectivity and risk management
solutions. The company is in over 40 co-location and proximity hosting centres across the
world offering access to over 90 markets. Fixnetix is one of the first firms to
commercialize FPGA (Field Programmable Gate Array) technology for execution purposes with
the iX-eCute(R) trading appliance. Fixnetix was granted a patent for the iX-eCute(R)
solution in April this year by the United States Patent and Trademark Office. For more
information, visit http://www.fixnetix.com
Fixnetix Contact
Jason Mochine, Commercial Director: E: jason.mochine@fixnetix.com T:
+44-(0)2031594082
Fixnetix
Fixnetix Launches iX-eCute® and iX-Max for Chi-X® Australia
LONDON, January 7, 2015 /PRNewswire/ --
Fixnetix, the global provider of front office managed trading solutions in Capital
Markets, announced today the launch of iX-eCute(R), its Field-Programmable Gate Array
(FPGA) risk management hardware solution and iX-Max, its high performance proprietary
market data feed-handler, for Chi-X(R) Australia. iX-eCute(R) and iX-Max have received
qualification from Chi-X(R) Australia for their trading system as a market solution.
The iX-eCute(R) solution provides a platform offering full marketplace conformance,
comprehensive risk checks and extensive throttling capabilities for Australian equities.
This launch builds on already incorporated functionality, designed to meet the
requirements of increasing global risk management regulation. The Australian solution
provides for an industry leading performance of sub 3.5micros round-trip-time for an
independently terminated client and venue design; such a method is often preferred over
simpler 'packet sniffing' technologies by regulators. The solution also required the
development and deployment of a new market data feed-handler, known as iX-Max, given the
unique vagaries of the marketplace.
"Due to similarities with other markets already live in Australia, Fixnetix has been
able to leverage existing code-base to incorporate the specific requirements of the
Chi-X(R) Australia trading system easily," said Dr Marcus Perrett, Director of Development
at Fixnetix. "With Chi-X(R) Australia live, we now have both major Australian equity
markets supported with
iX-eCute(R) and iX-Max."
Fixnetix has patented sophisticated technology that provides isolated client and venue
sessions via dual TCP/IP offload engines ('TOE') and has recently celebrated its second
year of client deployment in North America and Asia of the iX-eCute(R) solution in this
configuration.
About Fixnetix
Fixnetix is an award winning company providing outsourced managed services across
multiple asset classes to leading global banks, hedge funds and proprietary trading groups
seeking trading, market data, hosting, infrastructure, connectivity and risk management
solutions. The company is in over 40 co-location and proximity hosting centres across the
world offering access to over 90 markets. Fixnetix is one of the first firms to
commercialize FPGA (Field Programmable Gate Array) technology for execution purposes with
the iX-eCute(R) trading appliance. Fixnetix was granted a patent for the iX-eCute(R)
solution in April this year by the United States Patent and Trademark Office. For more
information, visit http://www.fixnetix.com
Fixnetix Contact
Jason Mochine, Commercial Director: E: jason.mochine@fixnetix.com T:
+44-(0)2031594082
Fixnetix