ConvergEx opens doors on FIX connectivity business
Trading technology provider ConvergEx has launched ConnEx, a new business that provides FIX connectivity infrastructure solutions.
ConnEx will help clients customise trading solutions with FIX gateways and FIX protocol implementation. These services are intended to help users manage their daily operations and save capital expenditures.
The new business offers services including an in-house development team for FIX applications, support for multiple asset classes including equities, options, futures, fixed income and FX, and FIX standards 4.0 to 5.x. It also offers a risk management solution that can be installed on the user’s desktop, as well as the ability for clients to subscribe to risk checks.
“Much of today’s financial services industry relies on a complex and costly technological infrastructure and many firms are challenged to keep pace as their business grows,” said George Rosenberger, head of ConvergEx’s ConnEx. “By outsourcing their FIX needs to ConnEx, firms will receive superior technology and support at a reduced cost and will be able to better concentrate on their core business activities.”
Chi-X Canada offers Pico Technologies infrastructure
Canadian alternative trading system Chi-X Canada is offering low-latency infrastructure from Pico Technologies, a division of US agency broker Pico Quantitative Trading, from its primary data centre in Toronto.
Pico Technologies provides low-latency technology services, including a managed hosting solution with direct exchange connectivity, raw and consolidated market data feeds and the ability to connect with brokers for trade execution. Pico Quantitative Trading specialises in providing trading services including client coverage, market structure, stock, loan clearing and co-location.
“Pico Technologies’ low-latency infrastructure will provide our clients a turnkey hosting platform for colocation with Chi-X and provide market participants with greater choice and flexibility,” said Dan Kessous, CEO at Chi-X Canada.
Infront offers trading services in Stockholm and London
Market data and trading solutions firm Infront is now offering its services at data centres in Stockholm and the City of London, courtesy of data centre services provider Interxion.
Infront offers market data, an information and trading terminal, customisable mobile applications and trading solutions for European financial firms. The company aims to provide faster connectivity to exchanges and liquidity venues through its data centre move. Infront currently has 9,000 customers in Europe, including large institutions and private investors.
“Interxion provides a unique hub for the financial sector in both Stockholm and London, and it is business critical for us to be in close proximity to the exchanges as well as to the financial community,” said Kristian Nesbak, CEO at Infront. “Interxion’s coverage across all the key financial centres of Europe is also an important factor for choosing to host our services at Interxion’s premises, as with Interxion, we can expand our business across Europe.”
FFastFill expands Horizon network to ASX Australian Liquidity Centre
Derivatives trading technology provider FFastFill has expanded its connectivity offering to include access to the Australian Securities Exchange (ASX) new data and co-location centre – the ASX Australian Liquidity Centre (ALC).
FFastFill will offer multi-exchange connectivity via its Horizon trading network, with the aim of allowing members and clients to trade on the ASX at the lowest possible latency. Offered as a managed software-as-a-service solution, FFastFill can be deployed in days, with no technology outlay.
The ALC site will be supported via existing service teams in Sydney, London and Chicago.
“Expanding the Horizon cloud to ALC is key to servicing the existing customer base within the region as well as attracting new business,” said Ian Kessell, managing director Asia Pacific at FFastFill. “Local access such as this provides users with a distinct advantage as all intelligent order logic is managed as close as physically possible to the exchange matching engines.”