UK-based trading technology provider Fixnetix is now providing low-latency proximity services for trading firms wishing to access European trading venue the SIX Swiss Exchange. Fixnetix claims that its @Source offering, based at the Equinix ZH4 data centre, is currently the closest available access point to the SIX Swiss matching engine.
The solution is designed to allow traders wishing to access SIX Swiss Exchange the lowest possible latency with other markets for either cross-border or cross-asset class arbitrage. Fixnetix provides fully managed co-location services for both data and trading access to the exchanges it serves, which can be accessed over Fixnetix' ultra-low latency point-to-point meshed exchange network. The company is hosting its first customer in Zurich to utilise access to the SIX Swiss Exchange.
“Offering the fastest access to the SIX Swiss Exchange is crucial for our latency sensitive customer base wishing to trade Swiss securities,” said Hugh Hughes, CEO at Fixnetix, adding that the firm would continue to expand its exchange network based on the demands of algorithmic traders and market conditions.
Fixnetix filed a patent on 19 November 2010 for a microchip called iX-ecute, which is designed to deliver single-digit microsecond trading capabilities together with tougher pre-trade risk controls.