Fixnetix signs major global hosting contract with Credit Suisse

17 November 2008

Fixnetix, a leading provider of ultra-low latency market data and trading connectivity services, has secured a major global hosting contract with Credit Suisse to deliver hosting support for its Advanced Execution Services (AESTM) business. Under the agreement, Credit Suisse will use Fixnetix's powerful Hedge Fund Hosting solution to provide the bank's high frequency, latency-sensitive trading customers with immediate access to the fastest exchange connections in order to dramatically reduce trading roundtrip times. In addition Fixnetix will provide the bank's clients with ultra-fast, non-conflated market data and the ability to gain access to any new market on demand.

"Partnering with Fixnetix means that we can provide our customers with a fully-supported, managed service with access to all the major markets, with a reliable and flexible trading infrastructure that delivers proven performance," said Naseer Al-Khudairi, Co-Head of Cash Trading at Credit Suisse. "At Credit Suisse we're committed to supporting our customers with best-in-class technologies. In selecting a hosting partner, it became clear that Fixnetix maintained a high performance standard in terms of connectivity, performance and cost, while its flexible infrastructure will ensure that we can continue to provide our clients with the highest level of service."

"We're delighted that one of the world's leading banks has entrusted Fixnetix with hosting their clients' high frequency trading," added Hugh Hughes, Fixnetix's Chief Executive Officer. "Fixnetix is uniquely placed to deliver high frequency co-location for trading and data, and we look forward to working closely with Credit Suisse and providing them with both the performance and cost benefits that come from selecting the industry's fastest exchange feed and feed handler technology."

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