About a-team Marketing Services
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

Recorded Webinar: Optimising cloud, marketplaces & managed data services

Financial institutions are under mounting pressure to rethink how they source, manage and distribute market data. Rising data volumes, multi-cloud adoption and the operational demands of regulations such as DORA are exposing the limits of legacy infrastructure, and driving firms toward managed services and cloud-native delivery models that can offer greater scalability, resilience and cost...

BLOG

Is Speed Still the Point of a Low Latency Stack?

Latency has been on the capital markets agenda for more than two decades, and for most of that history the proposition was simple: go faster, win more. A panel at A-Team Group’s recent ExchangeTech Summit London, titled “Building the Ultimate Low Latency Highway: Execution Gateways, Order Routing and Ensuring Near Zero Jitter and Determinism”, spent...

EVENT

RegTech Summit New York

Now in its 10th year, the RegTech Summit in New York will bring together the RegTech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Connecting to Today’s Fast Markets

At the same time, the growth of high frequency and event-driven trading techniques is spurring demand for direct feed services sourced from exchanges and other trading venues, including alternative trading systems and multilateral trading facilities. Handling these high-speed data feeds its presenting market data managers and their infrastructure teams with a challenge: how to manage...