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Fixnetix Launches iX-eCute® for the Australian Stock Exchange
SYDNEY and LONDON, December 3, 2014 /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 for the Australian Stock Exchange (ASX).
iX-eCute(R) has been qualified by ASX for their ASX OUCH trading system for production
use.
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 regulations such as the SECs' 15c-3 in the USA, NI 23-103 in Canada and meets market
requirements in Japan. The Australian solution provides an industry leading performance of
sub 3.5uS 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.
"Fixnetix has built upon our historical knowledge of FPGA and the OUCH protocol to
arrive at a unique and compelling solution for Australia," said Dr Marcus Perrett,
Director of Development at Fixnetix. "This installation extends our already considerable
footprint of managing service FPGA systems worldwide," he added.
Fixnetix has patented sophisticated technology that provides isolated client and venue
sessions via dual TCP/IP offload engines ('TOEs') and has recently celebrated its second
year of client deployment in North America and Asia of the iX-eCute(R) solution.
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 centers 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 Contacts:
Jason Mochine, Commercial Director, +442031594082, jason.mochine@fixnetix.com
Fixnetix Limited
Fixnetix Launches iX-eCute® for the Australian Stock Exchange
SYDNEY and LONDON, December 3, 2014 /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 for the Australian Stock Exchange (ASX).
iX-eCute(R) has been qualified by ASX for their ASX OUCH trading system for production
use.
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 regulations such as the SECs' 15c-3 in the USA, NI 23-103 in Canada and meets market
requirements in Japan. The Australian solution provides an industry leading performance of
sub 3.5uS 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.
"Fixnetix has built upon our historical knowledge of FPGA and the OUCH protocol to
arrive at a unique and compelling solution for Australia," said Dr Marcus Perrett,
Director of Development at Fixnetix. "This installation extends our already considerable
footprint of managing service FPGA systems worldwide," he added.
Fixnetix has patented sophisticated technology that provides isolated client and venue
sessions via dual TCP/IP offload engines ('TOEs') and has recently celebrated its second
year of client deployment in North America and Asia of the iX-eCute(R) solution.
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 centers 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 Contacts:
Jason Mochine, Commercial Director, +442031594082, jason.mochine@fixnetix.com
Fixnetix Limited