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

Recorded Webinar: Data platform modernisation: Best practice approaches for unifying data, real time data and automated processing

Financial institutions are evolving their data platform modernisation programmes, moving beyond data-for-cloud capabilities and increasingly towards artificial intelligence-readiness. This has shifted the data management focus in the direction of data unification, real-time delivery and automated governance. The drivers of this transition are improved operational efficiency as manual processes are replaced by faster, more accurate automated...

BLOG

TNS Completes Acquisition of BT Radianz, Cementing Shift in Financial Markets Connectivity

Transaction Network Services has completed its acquisition of BT Radianz, formally bringing the long-established financial markets network under the ownership of TNS and closing a deal first announced in September. Radianz, which for more than two decades has provided secure, managed connectivity between trading firms, exchanges, market data venues and service providers, now sits within...

EVENT

RegTech Summit New York

Now in its 9th 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

Regulation and Risk as Data Management Drivers

A-Team Group recently held a webinar on the topic of Regulation and Risk as Data Management Drivers. Fill in the form to get immediate access to the accompanying Special Report. Alongside death and taxes, perhaps the only other certainty in life is that regulation of the financial markets will increase in future years. How do...