Fixnetix Launches Zero Latency Risk Management Gateway
- The iX-eCute ZL is a risk management and trading portal that helps support electronic trading capabilities for a number of venues.
Fixnetix, a subsidiary of CSC (NYSE: CSC) that provides front office managed services, has launched its iX-eCute Zero Latency (ZL) gateway, according to a Fixnetix statement.
The iX-eCute ZL is a Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and trading portal that helps support electronic trading capabilities for a number of venues, including investment banks, prime brokers, hedge funds, and proprietary trading firms.
The ZL bolsters an existing technology that is prevalent in Fixnetix’s iX-eCute gateway, expanding the latitude of risk management via 40 sovereign risk checks, in line with several leading global regulators’ requirements, including the US’ Securities and Exchange Commission (SEC), IIROC and ASIC.
More specifically, the ZL solution helps allow for order submission and risk checking in a more streamlined time frame, especially when weighed against other independent means that exist today for buy and sell-side users. Indeed, many traditional alternatives have relied on passive order inspection, which have a higher predisposition to incurring latency issues.
According to Marcus Perrett, Director of Technology and Development at Fixnetix, in a recent statement on the ZL launch, “For the sell-side, ZL offers complete compliance and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term adherence without ‘bump in the wire’ latency. For the buy-side, ZL offers the ability to place orders faster than in-house ‘best of breed’ technologies and maintains broker-sponsored market access. In addition, by design iX-eCute ZL is protocol agnostic which allows for deployment by asset class or geographic region and negates the need for knowledge of a specific exchange underlying API which dramatically reduces time to market and maintenance overhead.”
“With the release of the next generation iX-eCute ZL, Fixnetix has taken another giant leap towards helping the market place negotiate an increasingly complex, regulated and competitive trading landscape. Fixnetix technology, now underpinned with CSC’s global reach and presence mean that iX-eCute ZL will soon be powering a significant percentage of the worlds’ latency sensitive trades,” added Hugh Hughes, VP and General Manager of Fixnetix in an accompanying statement.
Fixnetix, a subsidiary of CSC (NYSE: CSC) that provides front office managed services, has launched its iX-eCute Zero Latency (ZL) gateway, according to a Fixnetix statement.
The iX-eCute ZL is a Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and trading portal that helps support electronic trading capabilities for a number of venues, including investment banks, prime brokers, hedge funds, and proprietary trading firms.
The ZL bolsters an existing technology that is prevalent in Fixnetix’s iX-eCute gateway, expanding the latitude of risk management via 40 sovereign risk checks, in line with several leading global regulators’ requirements, including the US’ Securities and Exchange Commission (SEC), IIROC and ASIC.
More specifically, the ZL solution helps allow for order submission and risk checking in a more streamlined time frame, especially when weighed against other independent means that exist today for buy and sell-side users. Indeed, many traditional alternatives have relied on passive order inspection, which have a higher predisposition to incurring latency issues.
According to Marcus Perrett, Director of Technology and Development at Fixnetix, in a recent statement on the ZL launch, “For the sell-side, ZL offers complete compliance and Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term adherence without ‘bump in the wire’ latency. For the buy-side, ZL offers the ability to place orders faster than in-house ‘best of breed’ technologies and maintains broker-sponsored market access. In addition, by design iX-eCute ZL is protocol agnostic which allows for deployment by asset class or geographic region and negates the need for knowledge of a specific exchange underlying API which dramatically reduces time to market and maintenance overhead.”
“With the release of the next generation iX-eCute ZL, Fixnetix has taken another giant leap towards helping the market place negotiate an increasingly complex, regulated and competitive trading landscape. Fixnetix technology, now underpinned with CSC’s global reach and presence mean that iX-eCute ZL will soon be powering a significant percentage of the worlds’ latency sensitive trades,” added Hugh Hughes, VP and General Manager of Fixnetix in an accompanying statement.