Fixnetix Powers Renaissance Capital Ultra-Low Latency Access to the LSE International Order Book and Fixnetix network
Leading Emerging Markets Investment Bank Chooses Global Managed Services Provider
London, Moscow – 27 March 2012
Renaissance Capital, the leading emerging markets investment bank, has chosen Fixnetix, the global managed services provider, for ultra-low latency trading, market data, and exchange collocation for London. This trading solution allows Renaissance Capital’s clients ultra-low latency access to LSE market from collocation and proximity hosting. Customers can exploit fast access to MICEX-RTS markets through multiple data centres in London, across Europe and Americas. The alliance allows Renaissance Capital to provide its clients low latency Market Data to over 80 markets globally across all asset classes. “Leading investment banks, such as Renaissance Capital, choose Fixnetix based on our proven global network for trading, market data and risk control across multiple asset classes,” says Hugh Hughes, Chief Executive of Fixnetix. “Our team welcomes the challenges and demands of the emerging markets and foresees a long relationship with the Russian algorithmic trading community.” Russia continues to thrive as an algorithmic trading epicentre. Renaissance Capital has been responding to growth by offering next generation solutions to customers. Forming a partnership with London-based Fixnetix enables Renaissance Capital to target the most demanding institutional customers with leading technology solutions for trading. "We selected Fixnetix for its experience in providing ultra-low latency trading and hosting solutions to market participants,” says Damian Bunce, Managing Director, Head of the Electronic Trading Group at Renaissance Capital. We look forward to working with Fixnetix to further enhance the speed and quality our services to clients.”
About Renaissance Capital
Renaissance Capital is a leading investment bank focused on the emerging markets of Russia, the CIS, Eastern Europe, Asia and Africa. The Firm also offers its clients access to these markets through financial centres such as London, New York and Hong Kong. Renaissance Capital has market-leading positions in each of its core businesses - M&A, equity and debt capital markets, securities sales and trading, research, and derivatives. The Firm is building market-leading practices across emerging markets globally in metals & mining, oil & gas and agriculture. Renaissance Capital is part of Renaissance Group. Renaissance Capital’s Electronic Trading Group offers prime brokerage and execution-only services, including low latency access. The Firm’s unparalleled experience in Russia, coupled with a deep understanding of electronic trading, emerging markets, market structure, trading strategies and technology, providing customers with a market-access product that is robust and resilient. More information: www.rencap.com
About Fixnetix
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 80+ markets . Fixnetix is one of the first companies to offer an FPGA (Field Programmable Gate Array) trading solution when in late November 2010 it announced a real-time low latency filter, iX-eCute, an FPGA to solve the eternal industry conundrum of pre-trade risk, compliance and ultra-low latency execution. 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 by having nic to nic times as low as 740 nanoseconds. More information: www.fixnetix.com/our-company/contact-fixnetix/
For further information about this press release please contact:
Fixnetix: London – Karen Bertoli Karen.Bertoli@fixnetix.com, +44 758 5956 759
Renaissance Capital: Moscow – Daria.KhilenkovaPR@rencap.com, <a data-cke-saved-href="tel:" href="tel:" +74952587770"="">+7 (495) 258-7770