Global Managed Services Provider Partners with Custom Connect MW
London, 21 January, 2013 – Fixnetix, managed services provider for ultra-low latency market data, trading and risk control, announced today an exclusive strategic alliance has been formed with Custom Connect MV. The two companies have partnered to offer the latest in ultra-low latency trading technology, microwave access between London and Frankfurt with now down to 2.375 microseconds (one way) for NYSE Euronext, NYSE Liffe, Xetra & Eurex colocation datacentres. This latest offering from Fixnetix caters to the same market of latency sensitive traders at leading investment banks, hedge funds and proprietary trading firms. Under the deal, Fixnetix has signed an exclusive agreement to act as a reseller of available bandwidth and provide a data service over the link including forthcoming latency upgrades, will also cover additional exchange colocation facilities in London & Europe.
“Fixnetix is pleased to offer microwave access as the latest technology for the fastest trading in the world,” says Hugh Hughes, Chief Executive of Fixnetix. “We have chosen Custom Connect MW as the right partner in helping us respond to global customers seeking the strongest managed outsourced model for scalability and costs.”
“Custom Connect MW is excited about the strategic partnership with Fixnetix that is now able to include our Microwave services in their portfolio. We consider this strategic partnership with the pioneer in financial services a confirmation of our ability to deliver a new type of connectivity service to the highest demanding community within the financial market. Together with Fixnetix we’re able to supply the financial community with the next generation of low latency connectivity completed and integrated with the strongest portfolio of managed services and market data.”
Fixnetix, 2012 award winner (BEST HFT Product in Europe for Risk Control from eFinancial News Awards for Excellence,) and 2011 award winning company (fastest growing tech company in England and 2nd fastest in all of Europe,) 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, USA, Asia-Pac and Africa and offers trading access to over 79+ markets.
Fixnetix is one of the first firms to offer the FPGA for execution. The company launched on 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. The microchip 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 SEC Rule 15c3-5 and anticipated declarations from other regulatory governing bodies.
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Contact: Karen Bertoli Chief Marketing Officer Karen.email@example.com
About Custom Connect MV
Custom Connect MicroWave is a joint venture of proficient companies bundling 10 years of proven experience in engineering and support of international MicroWave links for mission critical applications.
Anticipating on the need for speed regarding connectivity within the financial community, Custom Connect decided to design, construct and support ultra-low-latency microwave connections. In order to enable the financial community to trade faster between major financial markets, Custom Connect MW plans to build multiple links between Europe’s financial exchanges.
Custom Connect MicroWave’s main focus is on High-Frequency-Trading firms who benefit of latency improvements. One of the most important characteristics of Custom Connect MicroWave is a Service Level Agreement of 99.50% applicable for the MicroWave link. Such an SLA is commonly used with traditional fiber connections but not available on current available MicroWave links.
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fixnetix, liffe, connect mv custom connect microwave, nyse euronext, global managed services provider partners, fpga, microwave, service level agreement, ultra-low latency trading technology, 44 758 595 6759, 1.305.301.0520, frankfurt, london, asia, africa, europe, united kingdom, united states, risk management solutions, mission critical applications, financial services, managed services, outsourced managed services, u.s. securities and exchange commission, hugh hughes, karen bertoli, firstname.lastname@example.org, financial markets, financial economics, finance, financial system, low latency, algorithmic trading, market data, chief marketing officer, fixnetix limited, risk management solutions, chief executive, liffe limited
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