Fixnetix has connected to the Chi-X matching engine with a round trip latency as low as 400 microseconds in order to provide the ultimate Chi-X connectivity solution for Fixnetix customers.

Financial institutions such as Investment Banks and Hedge Funds can now leverage Fixnetix's high bandwidth connectivity, without any buffering or loss of data, to ensure minimal latency to the Chi-X Europe trading engine. Fixnetix can deliver data in multiple formats with sub-millisecond data transformation if required and deliver these services on the wire for ease of integration. Whether co-located using Fixnetix's Source hosting partners or connecting via the company's Ethernet and Fibre networks, Fixnetix ensures financial institutions can directly access both Chi-X and any competing European Exchange gateway utilising Fixnetix ultra low latency point to point network connectivity.

Commenting on the agreement, Chi-X Europe's Chief Operating Officer Hirander Misra said: "Chi-X Europe was the first live, order-driven pan-European MTF, and we are committed to providing our clients with faster, cheaper and smarter trading across a range of European equities. We are working with a variety of specialist third party firms which add value to our offer for the end clients. Clients can reduce their already ultra low Chi-X latency through optimised connectivity."

"Fixnetix is committed to the success of Chi-X Europe and as such is the only low latency connectivity provider to connect to the trading engine via dual 100Mb Ethernet circuits. We recognise that there's a huge market interest in Chi-X Europe - particularly from the growing number of algorithmic traders who depend on the lowest latency performance," added Hugh Hughes, Fixnetix's Chief Executive Officer. "That's why we've ensured that our customers can connect to Chi-X Europe with a latency of less than a millisecond.

"Whether it's direct access to the Chi-X Europe matching engine or the provision of an ultra low latency normalised Chi-X data feed, our customers clearly recognise that in today's post-MiFID world connectivity to Chi-X is essential. They also know that any price missed from any market is an opportunity lost," he added.

Fixnetix's direct ultra low latency market data feed solutions have been designed to be fast, reliable and flexible, and feature best of breed feed handler technology, unparalleled high bandwidth provision and full redundancy throughout the entire delivery mechanism. Fixnetix feeds integrate easily into an organisation's existing architecture or can be used in a dedicated environment to deliver ultimate end-to-end performance.