iX-eCute is an embedded hardware based pre-trade risk control system, logically designed to provide real time pre-trade risk assessment in addition to real time market data and trading connectivity to a variety of venues. Trading times are in the single digit microseconds.
The features of the service include:Fully hardware encapsulated TCP/IP/Ethernet stack with support for retransmissions, jumbo frames, VLAN tagging and dynamic windowing.Full order life cycle held on card for full risk check coverageDeterministic latency performance regardless of order load up-to-line rateReduced server footprint and power requirementsSEC C15-3 risk checks, IIROC risk checks, APAC-specific regulationsMulti-session capabilityMarket data input directly to card for live price tolerance and market order price calculationsDrop copy feeds from card for back office integration and regulatory complianceProprietary interface to DXC Fixnetix GUI 'iX-Eye' for order flow monitoring and SOD/ intraday limit and restriction configurationLive latency monitoring via Field-Programmable Gate Array (FPGA) nanosecond time stamping with dashboard view in iX-Eye
The iX-eCute service operates four times faster than a standard FPGA. Each piece of iX-eCute software has a bespoke design, tailored to each customer, which further reduces latency.
As with all DXC Fixnetix services, iX-eCute is supported by experts 24/7. For more information about iX-eCute, you can watch our CTO, Dr Marcus Perrett talk about it here.