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

Upcoming Webinar: From Monolith to Modular: Architecting Equity Trading Platforms for 24/5 and Beyond

Date: 14 October 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Global equity markets are undergoing their biggest structural shift in decades. Extended and near-continuous trading, evolving market structures, and rapidly growing data volumes are placing unprecedented demands on trading infrastructure. In a recent TradingTech Summit New York poll from...

BLOG

Rothera Leverages Adaptive Exchange Accelerator to Build Regulated Event Contract Venue

Rothera, the CFTC-regulated event contracts exchange and clearinghouse founded as a joint venture between Robinhood and Susquehanna International Group, has launched its trading and clearing platform on Adaptive’s Aeron Exchange Accelerator technology, going live in under five months, in time for the 2026 World Cup. The platform reports $3 billion contracts traded during its first...

EVENT

Digital Assets & Tokenisation Briefing, New York

A-Team Group’s Digital Assets & Tokenisation Briefing assembles an exclusive group of CxOs and senior technology innovators. These leading market practitioners and infrastructure providers are collectively building the digital rails and decentralised networks that will power Wall Street 2.0.

GUIDE

Entity Data Management Handbook – Third Edition

Welcome to the third edition of the Entity Data Management Handbook which is available for free download. In this updated edition we delve into the role entity data plays in the smooth running of financial institutions and capital markets, the challenges of attaining high quality data, and various aspects, approaches and technologies involved in managing...