Market Data

CSC Fixnetix provides market data in both native and normalised formats, offering direct access to over 90 global exchanges and electronic communication networks (ECN's). The market data is processed with the closest proximity to the exchange machine engine and can be delivered to multiple data centres over the CSC Fixnetix low-latency backbone.

Delivering every tick and full-depth, our market data and infrastructure operates across two streams, to allow for service availability and access to exchange disaster recovery (DR) sites. One connection will be configured to deliver the exchange A-stream feed as well as being the primary path for TCP traffic such as order flow, market data re-requests and remote co-location management for traffic. The second connection will deliver the B-stream feed and will also act as the backup path for TCP traffic.

A choice of 1GB or 10GB connections are available for shared or dedicated use within co-location. We work closely with you to understand your order flow volumes so that we are able to confirm the capacity required for each and every market.

Our network is monitored for availability and capacity, as well as end-to-end latency and all connectivity is fully resilient and diverse, including access to ECN or exchange DR sites.

iX-Max- normalised market data

The iX-Max market data feed protocol and distribution platform has been brought into prominence over the last few years by CSC Fixnetix to address a variety of requirements. iX-Max is 100% CSC Fixnetix owned and developed by our staff. Therefore our ability to respond to enhancement requests from clients, bug fixes and exchange mandated changes is significantly improved over the offerings of 3rd party providers.

iX-Max feed handlers and the distribution architecture beneath the handlers (where applicable) are now proven to be capable of delivering significantly improved latency over some of the legacy handlers provided by 3rd parties. Depending on the market and the hardware platform, latency reductions average between 25-50%. For this reason alone, some of our clients have taken the step to migrate to iX-Max. 

iX-Max is built with a client accessible monitoring capability, which enables clients to see the same information that CSC Fixnetix accesses in order to monitor specific items such as system availability, status, latency etc. The level of transparency this brings is something which has been important to our customers. 

CSC Fixnetix has completed the development of all the primary European Cash Equities and selected primary Futures and Derivatives markets for iX-Max. Our market coverage continues to grow based on client demand- we are happy to support iX-Max in individual environments and we will provide sample code, documentation and access to UAT environments. While we are motivated to facilitate a migration with the minimum effort on the part of the client, we recognise there will be some work required and we will support you through this process as required. 

Depending on the individual client's requirements, iX-Max can be deployed in a variety of ways- whether in co-location for optimised performance or centrally for a multiple market delivery. The iX-Max distributed architecture is well placed to serve large or small scale requirements equally well. 

In summary, the iX-Max feed allows CSC Fixnetix to continue to provide managed market data feed services via an environment which we are fully in control of and where our dependency on multiple 3rd parties is dramatically reduced. The result is that CSC Fixnetix can offer a more effective service model, giving our customers service transparency and allowing us to work closely with our customers for new requirements which we can control directly.