Fixnetix Wins Best High Frequency Trading Product in the Financial News Awards for Excellence in Trading and Technology, Europe 2012
Pre-trade risk control for Europe recognised as industry best.
London, UK 4 October, 2012 Fixnetix, managed services provider for ultra-low latency market data, trading and risk control, announced today they are the winner of the Best High Frequency Trading Product presented by the Financial News Awards for Excellence in Trading and Technology, Europe 2012. iX-EMS was developed as a software alternative to the hardware pre-trade solution (FPGA) called iX-eCute for pre-trade risks and nanosecond trading. iX-EMS is easily deployed and responds to the needs for pending regulation controls and risk mitigation. European based mainstream and boutique brokerages are able to obtain immediate access and offer best in class latencies.
"Fixnetix is thrilled to have won the Best High Frequency Trading Product, with iX-EMS, software risk-control, from the Financial News Awards for Excellence in Trading and Technology 2012," says Hugh Hughes, Chief Executive of Fixnetix. "We are honoured to be recognised as a le
ader in pre-trade risk technology and constantly aim to offer the fastest, most reliable solutions."
iX-EMS is presently in use and available for all European exchange member participants who are seeking immediate risk control and lower latencies. Interested parties may choose from three models of implementation: Shared hosted access via the Fixnetix backbone deployed in multiple datacentres, Dedicated hosted access or Direct to the customer as an Enterprise software solution.
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 firms 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.
More information: http://www.fixnetix.com
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About the Awards
The Financial News Awards for Excellence in Trading & Technology have been operating for ten years. The awards celebrate the achievements of firms and individuals working across the spectrum of trading and technology in the European financial markets, from stock exchanges and alternative trading platforms, to software vendors and in-house IT teams.
The unprecedented turmoil since the financial crisis struck five years ago has tested the resilience of the industry’s trading infrastructures and the professionals who design and operate them. A slew of regulation, meanwhile, continues to reshape Europe, creating opportunities for the industry’s most resourceful and innovative IT teams and trading executives.
Amid the confusion, however, the industry’s brightest and most ambitious innovators remain undeterred and continue to spot new opportunities to eliminate efficiencies, improve client service, and deepen our knowledge and understanding of the way the markets work.
These awards aim to provide an authoritative view of the leading, most innovative and visionary players in the European trading and technology industry.
This year’s awards featured six new categories:
Best Equities Trading Platform
Best Transaction Cost Analysis Service/Product
Best Use of Social Media in Trading and Technology
Best Broker for Market Structure/Execution Consulting
Best Single Dealer Foreign Exchange Platform
Best Inter-Bank and/or Multi-Bank Foreign Exchange Platform
For a full shortlist of the awards, click here: http://www.efinancialnewsevents.com/award/tradingandtechnology2012/index.html
The awards are completely independent, fee-free and editorially-led. The FN editors draw on a combination of anecdotal information from analysts, sell side and buy side firms, exchanges, clearing houses and industry experts, combined with empirical data, to draw up the shortlist. The shortlist was then voted on by an independent panel of 50 judges comprising established industry veterans and experts. Judges score each shortlisted entrant out of five. The votes are fully vetted by the editors to prevent conflicts of interest.
The award for Best Broker for Market Structure/Execution Consulting was voted for by a panel of 11 heads of buy side trading/dealing only. Judges score each shortlisted entrant out of five. The votes are fully vetted by the editors to prevent conflicts of interest.
The Editor’s Choice award is not voted for and award at the editor’s discretion.
About the event
The winners were unveiled for the first time at the annual awards gala dinner on October 3 at the Royal Courts of Justice. The event was attended by more than 300 people from across the industry, from brokerages and exchanges, to alternative trading venues and high frequency firms. The event also showcased our list of 40 Under 40 Rising Stars of trading and technology unveiled in our September issue.
For a full list of our Rising Stars and their profiles, click here: http://www.efinancialnews.com/special-reports/2012-09-03/rising-stars-of-trading-and-technology-2012
About Financial News
Financial News, the online daily news service and weekly newspaper, is the leading source of information about the investment banking, fund management and securities industries. At the core of Financial News are the news stories, comment and analysis from our team of journalists. Top quality content from Financial News and the rest of DJ with 400 reporters in Europe (EMEA) in 30 news bureaus. Throughout the working day they will bring you the key news affecting the securities industry, from insights into the latest capital markets deals to information about pension fund mandates and who is moving where.
We analyse trends and issues and provide in-depth coverage of M&A, private equity, debt and equity capital markets, fund management, information technology and recruitment. In addition to the daily news service, our web site contains all of the content of our securities industry weekly newspaper. Much of the information is not available elsewhere.
Our navigation is focused on four core sectors: Asset Management, Investment Banking, Private Equity and Trading and Technology. Whether you want access to all the day’s news fast, breaking analysis of the events, a considered view of trends, expert commentary and analysis or aggregation of world class press sources, you’ll finds links to it all from our sector pages.
Financial News is the sister publication of the Wall Street Journal Europe and is owned by Dow Jones Corporation.
To read Financial News, click here: http://www.efinancialnews.com/?mod=mainnav
About the editor
Michelle Price is the editor of the Financial News trading & technology desk and ultimately over-sees the Financial News Awards for Excellence in Trading & Technology. Michelle was appointed editor of the Financial News Trading and Technology section in October 2010.
Prior to joining Financial News, Michelle was Business Editor at the FT’s The Banker magazine, where she took responsibility for technology, trading, retail banking, and all Asia-Pacific coverage. Before her stint on The Banker magazine, Michelle worked on two business and technology publications.
Michelle is an award-winning journalist with a BA (Hons) in history from the University of Cambridge.