Fixnetix Expands Global Managed Services Capability with NovaSparks FPGA Matrix Feed Handlers
Nanosecond execution meets the fastest market data processing speeds available.
London, 2 April, 2012 – Fixnetix and NovaSparks announce a strategic alliance to deliver a managed FPGA market data service for exchange collocation venues in the U.S. and Europe. The service will use the NovaSparks FPGA Market Data Matrix© feed handlers to offer customers the most predictable, lowest latency market data available in the market. This can be combined with Fixnetix iX-eCute FPGA Market Gateways for execution services.
Fixnetix provides global managed services for market data, trading and risk control to leading banks, hedge funds and proprietary firms. NovaSparks is dedicated to applying FPGA technologies to Capital Markets and offers the fastest Feed Handlers commercially available, giving trading firms nanosecond, deterministic market data processing speeds.
“Fixnetix responds to customer demands for the fastest and most efficient solutions; NovaSparks FPGA Market Data Matrix greatly adds to our product offerings ,” says Hugh Hughes, Chief Executive of Fixnetix. “Forming strategic partnerships with leading technology companies such as NovaSparks are a key component of the Fixnetix global growth plan as we continue to innovate and support the financial trading community.”
“We are proud Fixnetix selected NovaSparks as their premium market data partner” states Yves Charles, CEO NovaSparks. “Now our mutual customers are able to adopt leading edge FPGA solutions on a utility basis, quickly, and with a lower cost of ownership,” concludes Charles.
The financial community is increasingly demanding stronger outsourcing solutions that are both cutting edge while cost effective. This new alliance facilitates a one-stop-shop offering for both data and trading of electronic markets across all asset classes worldwide. With FPGA technology from both Fixnetix and NovaSparks “Tick to Trade” in single digit microseconds is now the new benchmark.
NovaSparks takes a unique „FPGA- centric? design approach to offer market data feed handlers that use a matrix of FPGAs in its core. Called the FPGA Market Data Matrix,
the feed handlers are specialized for ultra low latency trading. Packaged in „easy-to- deploy? appliances, the appliances can be chained together to seamlessly scale across all markets. The company is rapidly rolling out FPGA Matrix Feed Handlers for equity and futures venues across all of Europe and North America. Founded in 2008 and backed by Partech International, NovaSparks executive management team is based in Paris France, Boston MA., London and New York. www.novasparks.com
Contact: Marie Giangrande, Marie@PublicNotions.com +1.203.536.1334
Fixnetix, winner of the 2011 Deloitte Technology Fast50 UK, 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 and the US and offers trading access to over 79+ markets. November 2011, Fixnetix won first place for the 2011 Deloitte UK Technology Fast 50, earned 2nd place in the Deloitte Technology 500 EMEA and placed fourth in the 11th annual Sunday Times Microsoft Tech Track 100 league table which ranks Britain?s one hundred privately-owned technology, media and telecoms (TMT) companies with the fastest-growing sales over the last three years.
Fixnetix is one of the first companies to offer the FPGA for execution. The company announced late 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 with the necessary risk controls. iX-eCute 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 recent SEC Rule 15c3-5 and anticipated declarations from other regulatory governing bodies. The FPGA is available and being utilised for execution with nic to nic times as low as 740 nanoseconds.
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