Fixnetix Arrives in Canada
Global managed services company offers market data for TMX Group and Chi-X Canada
London - 28 Feb 2013 – Fixnetix, managed services provider for ultra-low latency market data, trading and risk control, announced today a Canadian footprint as a vendor for TMX Group’s subsidiaries including Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha and Montreal Exchange. In addition to TMX Group, Fixnetix has become a VOR for Chi-X® Canada ATS Limited, a wholly owned subsidiary of alternative trading venue operator Chi-X® Global Holdings LLC. Expanding into the Canadian region by offering market data from leading trading venues is phase one of a multiple strategic phase process slated to respond to regulatory demands with a fully managed outsourced services model.
"Establishing a Canadian presence for market data from TMX Group and Chi-X Canada® greatly enhances the 89 market worldwide Fixnetix network," says Hugh Hughes, Chief Executive of Fixnetix. "We have been operating successfully for over seven years by putting the customer first, this allows us to continue to do so."
Fixnetix, 2012 award winner (BEST HFT Product in Europe for Risk Control from eFinancial News Awards for Excellence,) and 2011 award winning company (fastest growing tech company in England and 2nd fastest in all of Europe,) provides outsourced managed services across multiple asset classes to leading global banks, hedge funds and proprietary trading groups seeking ultra-low latency trading, market data, hosting, infrastructure connectivity and risk management solutions. The company is in 33 co- location and proximity hosting centres across Europe, USA, Asia-Pac and Africa and offers trading access to over 80+ markets.
Fixnetix is one of the first firms to offer the FPGA for execution. The company launched on November 2010 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. The microchip enforces pre-market risks at nanosecond 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 SEC Rule 15c3-5 and anticipated declarations from other regulatory governing bodies. For more information, visit www.fixnetix.com.
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