Source: Fixnetix
Fixnetix, global managed services provider for ultra -low latency trading solutions, announced today a tier one global investment bank has signed to offer iX-eCute, the Field Programmable Gate Array (FPGA) solution for pre-trade compliance and 20 customisable risk checks in nanoseconds.
iX-eCute is a programmable logic device designed to meet US regulatory requirements directed by SEC Rule 15c3-5 for greater pre-trade risk control and transparency. The bank wishes to remain anonymous; however, interested trading firms may contact Fixnetix directly for access and instant risk control solutions.
"Fixnetix is pleased to announce our FPGA solution, iX-eCute, for pre-trade risk and nanosecond trading is accessible through one of our tier one bank customers in New York," says Hugh Hughes, Chief Executive of Fixnetix. "Having risk controls in place before providing access to the market is critical in the US. Our global bank customer is leveraging the latest technology whilst addressing mandatory compliance requirements."