Sunday Times Microsoft Tech Track 100 Recognises Financial Services Provider
London, 19 September, 2011 – Published this weekend, the 11th annual Sunday Times Microsoft Tech Track 100 league table ranks Britain’s one hundred privately-owned technology, media and telecoms (TMT) companies with the fastest-growing sales over the last three years. The Sunday Times Microsoft Tech Track 100 interviewed Fixnetix management in great depth; the company was required to submit all financial details, operational structure and products/services that it provides to its customer base to be considered for this coveted accolade. Fixnetix earned the 4th ranking position for technology companies in the country. The first 3 ranking companies are all Web retail sales related.
Fixnetix is now the 1st and leading “pure” financial services technology company for trading, data and risk management in the UK. The company leads the field for “Front Office Outsourcing” for fully managed Data, Trading, Hosting, Connectivity and Risk Management to its global customer base.
“London-based companies continue to dominate the league table, with 55 Tech Track 100 firms headquartered in the capital (compared to 52 last year). They have made a strong contribution to the national economy over the last three years, despite the tough economic conditions. Together they employ 6,300 people and have achieved combined sales of £3.1bn,” reported the Sunday Times Microsoft Tech Track 100.
“We are delighted to have earned 4th position in the Sunday Times Microsoft Tech Track 100 Company Analysis,” says Hugh Hughes, Chief Executive of Fixnetix. “Our growth reflects customer demand, employee commitment and constant innovation in response to trading, data and risk challenges faced by global banks, hedge funds and proprietary trading firms.
Fixnetix provides outsourced managed services across multiple asset classes for ultra-low latency trading, market data, hosting, infrastructure connectivity and risk management solutions to leading global banks, hedge funds and proprietary trading groups. The company is in 33 co-location 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 78+ 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 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. More information: http://www.fixnetix.com/our-company/contact-us.html