Fixnetix, provider of ultra-low latency market data and trading connectivity services, has signed an exclusive global hosting contract with Credit Suisse to deliver hosting support for its Advanced Execution Services business.

 

The Credit Suisse Group is a financial services company, headquartered in Zurich, Switzerland. It offers investment products, private banking and financial advisory services for private and corporate clients.

 

As per the agreement, Credit Suisse’s banking clients can gain access to ultra-fast, non-conflated market data and have the ability to access any new market on demand using Fixnetix’s solution.

 

Fixnetix’s powerful Hedge Fund Hosting solution will help the bank's high frequency, latency-sensitive trading customers with immediate access to the fastest exchange connections in order to dramatically reduce trading roundtrip times. Company’s data centres have been specifically located geographically adjacent to the main stock exchanges to reduce transmission times and provide an industry-leading ultra low latency, direct market data feed.

 

"Partnering with Fixnetix means that we can provide our customers with a fully-supported, managed service with access to all the major markets, with a reliable and flexible trading infrastructure that delivers proven performance," said Naseer Al-Khudairi, co-head of Cash Trading at Credit Suisse.

 

 “At Credit Suisse we're committed to supporting our customers with best-in-class technologies. In selecting a hosting partner, it became clear that Fixnetix maintained a high performance standard in terms of connectivity, performance and cost, while its flexible infrastructure will ensure that we can continue to provide our clients with the highest level of service."

 

Fixnetix ensures to deliver data in multiple formats, with sub-millisecond transformation when necessary, with services provided on the wire for reduced support costs, delivery times and ease of integration.

 

"We're delighted that one of the world's leading banks has entrusted Fixnetix with hosting their clients' high frequency trading," said Hugh Hughes, Fixnetix's chief executive officer. "Fixnetix is uniquely placed to deliver high frequency co-location for trading and data, and we look forward to working closely with Credit Suisse and providing them with both the performance and cost benefits that come from selecting the industry's fastest exchange feed and feed handler technology."

Recently Fixnetix was in news for providing sub-millisecond data feed connectivity to the new NASDAQ OMX Europe marketplace designed for the high performance of European blue chips.

 

The new direct market data feed to NASDAQ OMX Europe will take advantage of Fixnetix’s bandwidth data provision and best-of-breed feed handler technology. This will provide customers with the highest quality NASDAQ OMX Europe data, avoiding compression algorithms and offering a full order book wherever possible.