Fixnetix is 1st Fintech Company in Europe to Offer Altera’s Stratix V FPGA Chip

London and Concord, NH - 25 April 2012

Aligns with BittWare for maximum performance with iX-eCute

Fixnetix, global managed services provider for trading, market data and risk control, announced today they are the first fintech (financial technology) company in Europe to offer the Altera Stratix V FPGA on the BittWare PCI Express slot-cards. The Altera Stratix V FPGA with integrated 10GigE and BittWare PCIe Gen 2 and 3 slot card is ideal for iX-eCute, the Fixnetix FPGA firmware announced November 2010. iX-eCute is an execution solution, (available in both firmware and software,) for nanosecond trading and pre-trade risk checks across multiple asset classes. BittWare PCI Express slot-cards are the hardware boards that iX-eCute operates on whilst Altera Stratix is the industry's highest performance FPGA with over 1 TeraFLOPS of processing. iX-eCute firmware deployment relies on minimal delays, significantly reduced jitter, energy and thermal requirements whilst commanding maximum performance per watt. BittWare offers a PCIe-compliant deployable slot-card that works out of the box, with validation, verification, and control software in place. iX-eCute, on the BittWare board, with Altera Stratix processing, is available for purchase through Fixnetix.

“We’re pleased to be at the second phase of iX-eCute, our newly upgraded FPGA solution is now operating on the Altera Stratix V chips with 10/ 40 GigE and BittWare PCIe Gen 2 and 3 card,” says Matt Dangerfield, Chief Technology Officer, Fixnetix. “With this increased functionality and improved latency for trading and risk control, Fixnetix is at the forefront of being able to respond to regulatory changes for our global customer base of banks, hedge funds and proprietary trading groups.”

“Our S5-PCIe slot card combines the industry’s highest performance FPGA - Altera’s Stratix V - with on-board memory and multiple lanes of 10GigE straight to the FPGA, as well as support for 40GigE and PCI Express Gen 3," said Jeff Milrod, Chief Executive Officer at BittWare. "We are proud that our essential building blocks of board hardware and ATLANTiS FrameWork (AFW) IP including an optional TOE, has enabled Fixnetix to quickly create and deploy such a compelling and innovative solution for the fintech market.”

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