Chi-X Australia Selects Solarflare to Enhance Electronic Trading Capabilities
Experiences up to a 28% improvement in latency reduction and market connectivity
IRVINE, CA—January 26, 2016—Solarflare, the leader in application-intelligent networking solutions, announced today that it has been selected by Chi-X Australia, the second largest trading venue in the Australian market, to reduce latency and improve the performance of the company's trading platform. Utilizing Solarflare's Flareon Ultra™ 7122 Series 10GbE PCIe 3.0 server I/O adapters, Chi-X Australia will be able to offer market participants the ability to accelerate the speed and efficiency of their trading strategies by providing ultra-low latency connectivity and enhanced packet processing.
"Solarflare's technology has become the gold standard for electronic trading innovation," said Mike Aikins, CTO of Chi-X Australia. "We have already begun to see significant improvements to the efficiency and throughput of our daily network traffic, and look forward to working with Solarflare to provide our trading partners with the connectivity and market access they have come to expect from Chi-X Australia."
A wholly owned subsidiary of Chi-X Global Holdings LLC, Chi-X Australia will be deploying Solarflare's adapter technology as part of their core matching engine, and will be leveraging the company's Open Onload application accelerator to provide robust, compliant TCP processing with extremely low latency for best in class trade execution.
"The ability to shave a few hundredths of a millisecond off of the speed of a trade continues to be a competitive advantage for financial institutions leveraging high frequency and algorithmic trading strategies," said Russell Stern, the CEO of Solarflare. "As the leading provider of networking solutions to many of the world’s most recognized exchanges, Solarflare is uniquely equipped to provide the speed, stability and security that the financial markets rely on to conduct business."
Solarflare is the leading provider of application-intelligent networking I/O solutions that accelerate, monitor and secure network data. With over 1,420 customers worldwide, the company's solutions are widely used in scale-out server environments such as electronic trading, high performance computing, content delivery, cloud, virtualization and big data. Solarflare's products are available from leading distributors and value-added resellers, as well as from Dell, HP, IBM and Lenovo. Solarflare is headquartered in Irvine, California, and operates R&D facilities in Cambridge, UK, New Delhi, India and San Diego, USA.
About Chi-X® Australia
A subsidiary of global market operator Chi-X Global Holdings LLC, Chi-X Australia offers a valuable alternative for trading ASX securities using its low latency, high performance, proven trading system. Its launch introduced to the Australian market innovative new orders types, the potential for lower costs and a more efficient way to trade. In April 2015 Chi-X won "Best Alternative Trading System" of the year by leading regional financial publication The Asian Banker.
About Chi-X Global Holdings LLC
Owned by a consortium of major financial institutions, Chi-X Global operates market centers in Australia, Canada and Japan. Chi-Tech™, the technology services unit of Chi-X Global, provides technology to its business lines and the Chi-FX™ platform.
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