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Fixnetix secures £3m facility with Barclays

25 Sep 2012 09:27 GMT

UK based financial technology and risk-control firm receives money to continue global expansion

Fixnetix, the fast-growing technology provider of trading, market data and risk control services, has secured a new £3m facility from Barclays to support its on-going growth, innovation and expansion plans.

Set up in 2006, Fixnetix provides banks, hedge funds and proprietary trading groups with high-speed trading technology across a number of asset classes. The technology enables data and analytics from multiple platforms to be gathered in one place, allowing clients to execute trades rapidly. It also provides risk control solutions with FPGA (Field Programmable Gate Array) microchip which is for pre-trade risk and compliance.

Fixnetix currently has 33 hosting centres, both within and near clients’ offices, offering trading access to over 79 markets, with plans to further strengthen its presence across these geographies as well as developing its offering in Asia.

The company has seen impressive growth through organic development, and has won a number of industry awards including first place and fastest growing technology company in the United Kingdom in Deloitte Technology Fast 50.

Irana Richards, Relationship Director in Barclays TMT team commented: “As the trading environment comes under increasing regulatory pressure, it’s great to see a young, fast-growing fintech company navigate and adapt to an evolving landscape, which is traditionally dominated by large corporates. Fixnetix’s innovation and clear focus on product development means it has carved a real niche for itself in the industry."

“Fixnetix is pleased to be working with Barclays and to be part of their efforts in funding small companies, in conjunction with the UK government’s business initiative,” says Hugh Hughes, Chief Executive of Fixnetix. “Our award winning company is expanding rapidly due to the need for ever more complex and timely risk control and managed services for leading traders in the marketplace.”

David Halstead, partner leading the Deloitte Technology Fast 50, said: “Fixnetix’s success in the 2011 Deloitte Fast 50 shows that tremendous growth rates are still possible. The Technology Fast 50 awards highlighted the importance of finding a niche product or service to beat the recession.”


About Barclays

Barclays is a major global financial services provider engaged in personal banking, credit cards, corporate and investment banking and wealth and investment management with an extensive international presence in Europe, the Americas, Africa and Asia.

With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs approximately 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.