About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Fixnetix Taps BittWare, Altera FPGAs for iX-eCute Phase 2

Subscribe to our newsletter

Fixnetix is tapping BittWare, and its latest Altera Stratix V FPGA-based network cards, to support the second phase of its iX-eCute trade execution and pre-trade risk service. The move represents a boost for Altera, since iX-eCute originally leveraged FPGAs from rival Xilinx.

“We’re pleased to be at the second phase of iX-eCute, and our newly upgraded FPGA solution is now operating on the Altera Stratix V chips with 10/40gE and BittWare PCIe Gen 2 and 3 card,” says Fixnetix CTO Matt Dangerfield. “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.”

When iX-eCute was originally designed in 2010, it made use of custom-designed PCIe cards, equipped with Xilinx FPGAs. Since then, the number of commercially available FPGA/network cards has increased, and more powerful FPGA chips have been released.

“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 40gE and PCI Express Gen 3,” says Jeff Milrod, CEO at BittWare.

Fixnetix also made use of BittWare’s Atlantis FrameWork (AFW) – and its TCP/IP offload engine – to more rapidly implement its functionality in the FPGA chip.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: The Role of Data Fabric and Data Mesh in Modern Trading Infrastructures

23 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes The demands on trading infrastructure are intensifying. Increasing data volumes, the necessity for real-time processing, and stringent regulatory requirements are exposing the limitations of legacy data architectures. In response, firms are re-evaluating their data strategies to improve agility, scalability, and governance....

BLOG

Leveraging Data as a Differentiator

What’s the key to unlocking real value in AI, trading strategies, and market analytics? High-quality historical data. Live from TradingTech Summit London, this episode of FinTech Focus TV dives into the evolution of historical market data and its role in shaping smarter trading decisions. Toby sits down with Elliot Banks, Chief Product Officer at BMLL,...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...