7Hedge and Fixnetix Sign Connectivity Agreement

LONDON, December 9, 2014 /PRNewswire/ --

Fixnetix is pleased to announce that it has signed an exclusive agreement with 7Hedge, a global provider of FX spot liquidity and execution solutions.

The collaboration sees Fixnetix providing connectivity to 7Hedge, specifically in the LD4 and NY4 data centres (Slough, UK and Secaucus NJ, USA). 7Hedge will be utilising the established, fast and resilient Fixnetix network, which consists of a global backbone of over 40 data centres and connectivity to over 90 markets. Hosting 7Hedge on the mature infrastructure that Fixnetix has in place will allow clients to establish connectivity to 7Hedge quickly and easily on a global scale.

"We are the first ECN to offer such connectivity options via Fixnetix at zero cost. We will be delivering even faster execution with ultra-low round-trip latency to many existing clients as well as on-boarding new clients wishing to leverage and profit from this unique relationship," said Ashwind Soonarane (Global Liquidity & Distribution, 7Hedge).

"Fixnetix are happy to support 7Hedge in continually driving innovation in the FX marketplace. Our robust, low latency global network provides the perfect highway to connect market participants further," said Hugh Hughes, Chairman and CEO of Fixnetix.

Market access to 7Hedge will be offered to clients free of fees by Fixnetix as 7Hedge will be providing sponsorship. 7Hedge, with its global drive to increase liquidity to the FX marketplace has invested to ensure the cost of new client connections remains competitive.

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 colocation and proximity hosting centers across the world offering access to over 90 markets. Fixnetix is one of the first firms to commercialise FPGA (Field Programmable Gate Array) technology for execution purposes with the iX-eCute^® trading appliance. Fixnetix was granted a patent for the iX-eCute^® solution in April this year by the United States Patent and Trademark Office. For more information, visit http://www.fixnetix.com

Fixnetix Contact 

Nicola Woolley - E: nicola.woolley@fixnetix.com T: +44(0)203-008-4623

About 7Hedge 

7Hedge is a fast-growing institutional FX spot ECN headquartered in London. Clearing via one of the most respected Tier 1 banks, the core competencies of 7Hedge are the proactive and granular customisation of liquidity for every client, consistently delivering best-in-class low latency solutions, and outstanding customer service and support. Buy and sell side participants access deep, anonymous, and optimal liquidity pools of CLS and non-CLS currencies with full matching capabilities in NY4 or LD4 via a single credit agreement.

"7Hedge is a boutique offering with a unique network of top tier bank and non-bank market makers. We are proud that we are able to re-invent FX spot execution and considerably improve execution for our clients." Ashwind Soonarane (Global Liquidity & Distribution). For more information visit: http://www.7hedge.com

SOURCE Fixnetix