Enyx, a provider of Field Programmable Gate Array (FPGA) accelerated market data feeds, is set to expand commercial coverage into Asia during 2013 to support the growth requirements for its products and services in the region.
Arnaud Derasse, CEO at Enyx, said: “Asia is a key trading hub with high performance trading continuing its growth as exchanges update their infrastructure to take advantage of low latency trading.”
“We are committed to the region and delivering FPGA solutions that are providing real improvements for firms connecting to the Asian exchanges and trading venues.”
Supporting the expansion will be Nicolas Karonis who has been hired by Enyx as managing director for the APAC region.
Initially based in Sydney, Karonis will be responsible for the growth of the business and the establishment of the Asian operations team to cover client support and project management.
Karonis said: “Asia is increasingly becoming a major market for systematic machine driven trading. The major exchanges in Japan, Korea, HK, Australia and Singapore have invested recently in major upgrades of their trading platforms. Most other exchanges in Asia have equally promising projects.”
“Now is the perfect time to bring Enyx’s technologies to Asia to enable algorithm trading or market making firms to benefit form a best in class solution for data feeds. Our FPGA based data feed handler delivers data to the consuming application in less than 1.5 micro-s. This is less than the transit time for the fastest network cards and brings immediately measurable efficiency improvements into almost all algorithms.”
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