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Fixnetix first to offer Altera's Stratix V FPGA chip in Europe

First Published 25th April 2012

Fixnetix aligns with BittWare for maximum performance with iX-eCute

Matt Dangerfield, Chief Technology Officer, Fixnetix

Matt Dangerfield, Chief Technology Officer, Fixnetix

"Fixnetix is at the forefront of being able to respond to regulatory changes for our global customer base of banks, hedge funds and proprietary trading groups."

London & Concord, NH - Fixnetix has announced that it has become the first fintech (financial technology) company in Europe to offer the Altera Stratix V FPGA on the BittWare PCI Express slot-cards.

The Altera Stratix V FPGA with integrated 10GigE and BittWare PCIe Gen 2 and 3 slot card is designed for iX-eCute, the Fixnetix FPGA firmware announced November 2010. iX-eCute is an execution solution, (available in both firmware and software,) for trading and pre-trade risk checks across multiple asset classes. BittWare PCI Express slot-cards are the hardware boards that iX-eCute operates on whilst Altera Stratix is an FPGA with over 1 TeraFLOPS of processing. iX-eCute, on the BittWare board, with Altera Stratix processing, is available for purchase through Fixnetix.


"We're pleased to be at the second phase of iX-eCute, our newly upgraded FPGA solution is now operating on the Altera Stratix V chips with 10/ 40 GigE and BittWare PCIe Gen 2 and 3 card," says Matt Dangerfield, Chief Technology Officer, Fixnetix. "With this increased functionality and improved latency for trading and risk control, Fixnetix is at the forefront of being able to respond to regulatory changes for our global customer base of banks, hedge funds and proprietary trading groups."

"Our S5-PCIe slot card combines the industry's highest performance FPGA - Altera's Stratix V - with on-board memory and multiple lanes of 10GigE straight to the FPGA, as well as support for 40GigE and PCI Express Gen 3," said Jeff Milrod, Chief Executive Officer at BittWare. "We are proud that our essential building blocks of board hardware and ATLANTiS FrameWork (AFW) IP including an optional TOE, has enabled Fixnetix to quickly create and deploy such a compelling and innovative solution for the fintech market."