SKYLER PARTNERS WITH FIXNETIX FOR HOSTED AGGREGATED ORDER BOOK SERVICE

  • Users will benefit from the combination of Skyler’s aggregated order book capabilities with Fixnetix’s ultra-low latency market data
  • The joint hosted solution delivers flexibility and significantly lower cost of ownership with ultra-low latency
  • Hosted solution leverages the latest version of Skyler’s C3 Liquidity Discovery Solution

Concord, CA and London and SIFMA, New York - 10 June 2008 – Skyler Technology Europe Ltd., an innovator in ultra low latency market data solutions for the capital markets, today announced its partnership with Fixnetix, a leading provider of low latency market data and trading infrastructure connectivity to financial institutions. Skyler and Fixnetix will jointly offer a hosted aggregated order book service which benefits a mutual customer base including leading banks, asset managers, hedge funds and exchanges.

The Skyler C3 Liquidity Discovery solution aggregates the fragmented liquidity information delivered on the Fixnetix ultra low latency market data feeds into virtual aggregated order books to power smart order routing, algorithmic trading, and GUI based trading applications. This managed service features the following key benefits:

  • Ultra-low latency solution for fastest decision making
  • Flexibility to request customer specific aggregated order books
  • Low total cost of ownership (TCO)
  • Significantly reduced time-to-deployment
  • Ease of integration by leveraging standard messaging infrastructure

Valerie Bannert-Thurner, Managing Director of Skyler Europe, said, “We are excited to be collaborating with Fixnetix in a way which we believe will provide our clients with a competitive edge over their peers. Hosting a service offering with Fixnetix is a great opportunity for Skyler to build on the good traction in the European markets and to open up our service offering to new market segments.”

Hugh Hughes, CEO and Chairman of Fixnetix, said, “With the increasing liquidity fragmentation in the European market space, we’re seeing an increasing demand for a fast and flexible aggregated order book solution. We are committed to delivering the best possible solution to our customers, and are therefore delighted to work with organisations such as Skyler in delivering innovative new services to our customers. Fixnetix is all about delivering proven, end-to-end performance, and we believe the combination of our minimal latency connectivity and Skyler’s market data analytics will prove a powerful offering for today’s market.”

About Skyler Technology Inc.
Skyler Technology, Inc. delivers the fastest insights for Trading. The Skyler C3 solutions provide the fastest market data analytics to broker dealers, asset managers and hedge funds. This allows clients’ trading engines to quickly process and react to the most up-to-date market data, thus triggering smarter trading decisions. Products include C3 Liquidity Discovery, Tick Analytics, Algorithmic Container, and Order Routing Solutions. The Liquidity Discovery Solution was recognised, winning The 2007 Banker’s Technology award for Algorithmic Trading Innovation.

Skyler Technology, Inc. is a privately held company located in Concord, California with offices in New York and London, UK. Please visit us at www.skylertech.com. For more information or to arrange a free software evaluation, please contact Michael Lenahan in the US at +1 (925) 689- 9814 or Valerie Bannert-Thurner in the UK at +44 (0)7942 600 101.

About Fixnetix
Fixnetix is the leading provider of low latency market data and trading infrastructure connectivity to financial institutions such as investment banks and hedge funds. Fixnetix solutions deliver proven end-to-end performance without any buffering or loss of data, ensuring minimal latency to all major trading venues in Europe and worldwide. Fixnetix delivers data in multiple formats, with sub-millisecond transformation if required, with services provided on the wire for reduced support costs, delivery times and ease of integration.

Whether co-located as close as possible to any exchange or MTF using Fixnetix's @Source hosting, or connecting via the company's Ethernet and fibre network, financial institutions can leverage Fixnetix's high bandwidth connectivity without routing or hops for lowest latency direct access. For more information about Fixnetix, please visit www.fixnetix.com. Or contact Melanie Budden on (0)7974 937970.

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