Trading services provider Fixnetix is claiming its new iX-eCute microchip is the world's fastest trading appliance for the financial markets.
The company says that the field programmable gate array (FPGA) microchip is achieving latencies as low as 740 nanoseconds wire-to-wire. FPGA's can have programming logic embedded in them so that they do not have to interact with software in order to complete a task, speeding the defined process up.
Functioning as a low-latency filter, the Fixnetix technology enables 20 pre-trade risks checks to be carried out in under 100 nanoseconds, minimising their impact on order latency.
“iX-eCute is a one stop solution for speed as well as regulatory change as its consistent deterministic performance guarantees the speed of every order without latency impact,” said Matt Dangerfield, director of trading solutions at Fixnetix.
Fixnetix provides outsourced managed services dealing with ultra-low latency trading, market data, hosting and infrastructure connectivity, as well as risk management solutions for global banks, hedge funds and proprietary trading groups across multiple asset classes.
The company is present in 29 co-location centres and proximity hosting centres across Europe and the US, offering both raw and normalised low-latency market data, low-latency trading for exchange member firms and sponsored trading access to over 73 markets.