Fixnetix Ltd, the market data telecommunications company, has launched a new ultra low latency data service, iX-Direct. iX-Direct aims to shaves hundreds of milliseconds off data vendor transmission times allowing traders to achieve unrivalled data latency performance levels without the usual high cost of ownership.
“With the continuing rise of algorithmic trading and the drive to lower the cost of execution, financial institutions are demanding data faster, cleaner and with more depth,” says Hugh Hughes, the Chief Executive Officer of Fixnetix. “Until now they have had to either build out expensive infrastructures requiring large capital expenditure, and internal support and maintenance or accept traditional incumbent data vendor offerings that do not match the requirements of today’s market place. Not so anymore. With iX-Direct, Fixnetix is the first company to offer an outsourced end-to-end market solution which provides the fastest data feeds with guaranteed service levels at a cost effective price.”