Fixnetix, a provider of low-latency market data and trading infrastructure connectivity to financial institutions, announced on Monday that Winterflood Securities will receive London Stock Exchange (LSE), Euronext and Xetra market data directly via Fixnetix to support its European trading desk and enable its direct market access service to connect to these additional exchanges.
Currently Winterflood's direct market access trading service is connected to the LSE via the Fixnetix low latency infrastructure.
"Our initial testing has proven that the Fixnetix system is fast and reliable," comments Philip Yarrow, director, electronic trading, Winterflood Securities. "Fixnetix is also able to provide various data formats and its own proprietary Fixnetix format. This will facilitate easier integration and quicker time-to-market for our business. In times of significant market volatility, it is vital that we do not experience any latency. Our data feeds have to be reliable and fast, and we were impressed that the Fixnetix feeds to our DMA system did not suffer any degradation during the recent periods of market volatility," continues Yarrow.
"We offer round-trip latencies as low as 0.4 milliseconds, but are aware that this performance is only significant if it is sustainable regardless of market conditions," comments Hugh Hughes, chairman and CEO, Fixnetix. "One of the reasons behind our ability to deliver high bandwidth connectivity, without any buffering or loss of data, is our relationship with hosting partners such as Verizon Business, who make sure that Fixnetix can always deliver on its commitment to end-to-end connectivity," he adds.