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®, its Field-Programmable Gate Array (FPGA) risk management hardware solution and iX-Max, its high performance proprietary market data feed-handler, for Chi-X® Australia. iX-eCute® and iX-Max have received qualification from Chi-X® Australia for their trading system as a market solution.
The iX-eCute® 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 3.5µs 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® Australia trading system easily," said Dr Marcus Perrett, Director of Development at Fixnetix. "With Chi-X® Australia live, we now have both major Australian equity markets supported with
iX-eCute® 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® solution in this configuration.
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® 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
Jason Mochine, Commercial Director: E: firstname.lastname@example.org T: +44-(0)2031594082