Fixnetrix breaks one microsecond trading barrier

New York, 14 June, 2011 – Fixnetix announced today, iX-eCute, an FPGA (Field Programmable Gate Array) microchip for ultra-low latency trading is now the world’s fastest trading appliance for the financial markets. Customers are now seeing latencies as low as 740 nanoseconds through the stack (wire-to-wire). Fixnetix is offering live demonstrations of nanosecond trading at the New York SIFMA Show, held at The Hilton Hotel, 1335 Avenue of the Americas, 14 – 16 June in Booth 1611 and the Midtown Suite. http://www.fixnetix.com/email/new-york.html

“Fixnetix continues to prove we are the fastest, most reliable and efficient system in the world,” says Hugh Hughes, Chief Executive of Fixnetix. “iX-eCute encapsulates our commitment to innovation by offering global customers the world’s fastest trading gateway.”

“iX-eCute is a one stop solution for speed as well as regulatory change (20+ pre-risk checks taking less than a 100 nano seconds) as its consistent deterministic performance guarantees the speed of every order without latency impact,” says Matt Dangerfield, Director of Trading Solutions at Fixnetix. “1 order has the same system latency as 1 million orders per second; this is a crucial point in trading and one which is often over looked.”

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