Managed Services Company Breaks 1 Microsecond Barrier

NEW YORK -- (BUSINESS WIRE) --

Fixnetix announced today, iX-eCute, an FPGA (Field Programmable Gate Array) microchip for ultra-low latency trading is now the world's fastest trading appliance for the financial markets. Customers are now seeing latencies as low as 740 nanoseconds through the stack (wire-to-wire). Fixnetix is offering live demonstrations of nanosecond trading at the New York SIFMA Show, held at The Hilton Hotel, 1335 Avenue of the Americas, 14 - 16 June in Booth 1611 and the Midtown Suite. http://www.fixnetix.com/email/new-york.html

"Fixnetix continues to prove we are the fastest, most reliable and efficient system in the world," says Hugh Hughes, Chief Executive of Fixnetix. "iX-eCute encapsulates our commitment to innovation by offering global customers the world's fastest trading gateway."

"iX-eCute is a one stop solution for speed as well as regulatory change (20+ pre-risk checks taking less than a 100 nano seconds) as its consistent deterministic performance guarantees the speed of every order without latency impact," says Matt Dangerfield, Director of Trading Solutions at Fixnetix. "1 order has the same system latency as 1 million orders per second; this is a crucial point in trading and one which is often over looked."

About Fixnetix:

Fixnetix provides outsourced managed services across multiple asset classes for ultra-low latency trading, market data, hosting and infrastructure connectivity, as well as risk management solutions to leading global banks, hedge funds and proprietary trading groups. The company is in 29 co-location centres and proximity hosting centres across Europe and the US and offers both raw and ultra-low latency normalised market data as well as low latency trading for member firms and sponsored trading access to over 73 markets.

Recently, Fixnetix announced a real-time low latency filter, iX-eCute, an FPGA (Field Programmable Gate Array,) to solve the eternal industry conundrum of pre-trade risk, compliance and ultra-low latency execution. iX-eCute opens the marketplace to all participants with no detrimental impact on trading performance with the necessary risk controls. iX-eCute enforces pre-market risks at nano-second time frames whilst preventing impact on latencies that historically have slowed down more traditional trading systems and models. Unlike other solutions, the iX-eCute microchip has near zero impact on latency for governing the required checks directed by the recent SEC Rule 15c3-5 and anticipated declarations from other regulatory governing bodies. More information: http://www.fixnetix.com/our-company/contact-us.html

CONTACT:

Fixnetix
Karen Bertoli, +1-312-399-7878
Chief Marketing Officer
Karen.bertoli@fixnetix.com