February 24, 2022 | Product Update
Enyx adds support for the Montréal Exchange to its FPGA-based trading solutions
Paris, Montréal – February 24, 2022 – Enyx, the leader in FPGA-based, high performance trading solutions for the finance industry, is proud to announce support for the Montréal Exchange, part of the TMX Group, for its FPGA-based suite of trading solutions.
The MX OBF market data protocol is now supported by nxFeed, Enyx’s market data processing solution, and orders can be sent to the exchange using the MX-Sail via nxAccess, the FPGA-based trading engine.
Designed to complement trading applications or in-house ticker plant development, nxFeed — an FPGA-based feed handler for ultra-low latency market data processing — will arbitrate, decode, normalize and build order books, significantly reducing application processing resources and overall latency.
Enyx’s end-to-end trading engine, nxAccess, is an ultra-low latency solution (sub 500 ns) that fully processes, filters and normalizes raw market data and provides an FPGA algo sandbox which allows users to trigger and update orders, pre-loaded by the software, before sending to the trading venue – all with the speed and performance of hardware assisted by the flexibility of software.
Enyx plans to add additional features to the nxAccess software API for the MX-Sail order execution protocol by the end of this quarter. This will include support for the connection, disconnection & resynchronisation with the exchange, including a normalized order execution message API.
Laurent de Barry, Co-founder & Head of Solutions, commented:
“As our client base and their operational footprint continues to grow, adding support for the Montréal Exchange is key to assisting them in that growth and ensuring they succeed. Moreover, our own expansion into Canada with the opening of our new R&D facility in Montréal only further demonstrates our commitment to the Canadian markets and the overall presence of Enyx in North America”.
– Ends –
Enyx is a leading developer and provider of ultra-low latency FPGA-enabled technologies and solutions for the financial, telecommunications, and high performance computing industries.
Focused on delivering higher performance with a lower datacenter footprint, Enyx provides off-the-shelf, end-to-end solutions for the finance industry. The Enyx stack includes ultra low latency market data normalization and distribution, order execution and in-hardware algo acceleration. Additionally, the Enyx product range features wireless network solutions and a complete FPGA development framework compatible with a range of FPGA platforms.
With a passion for customer service and transparency, Enyx designs products made to deliver the next generation of technology, while maintaining accessibility and flexibility. Among our clients are financial service providers, exchanges, market data vendors, investment banks, brokers and investment funds.
Enyx offers global support to our clients worldwide with locations in Paris, New York, Montréal, London and Hong Kong.
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VP, Marketing & Communications
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