LONDON - 29th January 2010
Fixnetix is targeting further international expansion during 2010. The company more than doubled in size during 2009, and is now set to broaden its support for multi-asset trading strategies, expand its US footprint, and begin its move into the Asia-Pacific region during the coming year.
The announcement follows a period of sustained development as the company extended its service offering – including the recent acquisition of Boston-based feed handler and ticker plant provider Market Systems Technology to create Fixnetix’s next generation distributed market data platform. Fixnetix is already co-located in the major financial services data centres in New York and Chicago, and is currently building out its Chicago capabilities into key venues such as CME Group and ICE.
“2009 was a year of significant growth for Fixnetix, and we’re now recognised as one of the market’s leading providers of low latency market data, exchange co-location and trading infrastructure capabilities,” commented Hugh Hughes, Fixnetix’s Chief Executive Officer. “During 2010 we plan to broaden our service offering, bringing support for additional asset classes such as FX and commodities, and extend our operations further into North America, as well as new regions such as Asia/Pacific. We’re also seeing increasing demand from the European futures market to
trade in venues such as Chicago, as well as from US firms looking to conduct business in locations such as London and Frankfurt, We’re expecting this trend to continue – particularly in key regions such as Asia/Pacific – and believe that Fixnetix can play a key role in helping firms to trade on key markets without the requirement to set-up and operate their own expensive in-house infrastructure,” he added.
Fixnetix now operates 18 co-location and proximity hosting centres across Europe and the US to support trading across all the major cash equities, futures, FX, commodities and bond markets. The company also offers both raw and ultra low latency normalised market data services, as well as low latency trading access for member firms, and sponsored trading access to over 45 global markets.
The company provides ultra low latency services to two leading European MTFs, six of the top ten investment banks, three of the top five prime brokers and a significant proportion of the high frequency trading community.