New Fixnetix network to support growing European volumes
Fixnetix, a market data and connectivity solutions provider, has revealed plans for a major capacity upgrade to its European network to support increasing trading volumes.
When completed, the upgraded network will offer up to 80 gigabits of capacity to support market traffic volumes that are growing at 5-10% each month.
The upgrade programme will include the implementation of DWDM (Dense Wave Division Multiplexing) technology, which supports the transmission of multiple data-streams over a fibre-optic medium via a spectrum of colours or waves, rather than the traditional single on/off (binary/digital) signalling of fibre-optic transmitters.
"Recent market volatility has obviously contributed to a dramatic growth in trading, and we expect this to continue,” commented Hugh Hughes, Fixnetix's chief executive officer. “By creating a 10 Gigabit plus European network based on DWDM, we've been able to facilitate the development of our hosted DMA solution for data and trading to all the major exchange and MTF venues - thus allowing our clients to trade faster at each co-location venue."
The upgrade will be rolled out across Europe, directly connecting the co-location facilities of exchanges and MTFs across all the major financial centres, by the end of February 2009.