Fixnetix Launches iX-eCute for the Australian Stock Exchange

Sydney and London - 5 December 2014

Fixnetix, the global provider of front office managed trading solutions in Capital Markets, announced today the launch of iX-eCute®, its Field-Programmable Gate Array (FPGA) risk management hardware solution for the Australian Stock Exchange (ASX). iX-eCute® has been qualified by ASX for their ASX OUCH trading system for production use.

The iX-eCute® solution provides a platform offering full marketplace conformance, comprehensive risk checks and extensive throttling capabilities for Australian equities. This launch builds on already incorporated functionality designed to meet the requirements of regulations such as the SECs’ 15c-3 in the USA, NI 23-103 in Canada and meets market requirements in Japan. The Australian solution provides an industry leading performance of sub 3.5uS round-trip-time for an independently terminated client and venue design; such a method is often preferred over simpler ‘packet sniffing’ technologies by regulators. The solution also required the development and deployment of a new market data feed-handler, known as iX-Max, given the unique vagaries of the marketplace.

“Fixnetix has built upon our historical knowledge of FPGA and the OUCH protocol to arrive at a unique and compelling solution for Australia” said Dr Marcus Perrett, Director of Development at Fixnetix. “This installation extends our already considerable footprint of manages service FPGA systems worldwide” he added.

Fixnetix has patented sophisticated technology that provides isolated client and venue sessions via dual TCP/IP offload engines (‘TOEs’) and has recently celebrated its second year of client deployment in North America and Asia of the iX-eCute® solution.
 

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