Fixnetix ponders sale options - FT

Fixnetix ponders sale options - FT

UK trading technology outfit Fixnetix is mulling a partial or full sale to help expand its reach around the world, according to the Financial Times.

London-based Fixnetix provides financial services firms with low latency trading, market data, hosting and infrastructure connectivity technology.

The vendor has successfully tapped into the high-frequency trading rush, recently launching what it claims is the world's fastest trading application with a microchip breaking the millisecond barrier.

Citing a person familiar with the situation, the FT says Numis Securities and Appleby Capital have been appointed by the company as it ponders selling a stake to customers.

Another option could be a full sale, with Telefonica, IBM and the London Stock Exchange all cited as potential bidders who have "shown interest".

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