FLYER’S FIX ENGINE BREAKS 200 MICROSECOND LATENCY BARRIER

Grabs Pole Position in Super Efficient Trade Processing

New York, New York — April 22, 2009 — FIX Flyer, the leader in transparent and efficient trading, announces today a major milestone for the securities trading industry -- the Flyer FIX Engine provides the lowest latency and highest performance on a 1U CPU, offering a cost savings of 30x for comparable solutions.

The Flyer FIX Engine software is highly optimized for fast message validations and disk operations required for intensive FIX based applications used in algorithmic trading and trade processing. Latencies averaged less than 5,000th of a second during high throughputs of over 35,000 messages per second while running on commodity hardware with full persistence.

Jeff Drew, founder of latency detection software company Trading Metrics, performed the tests and analyzed all results.

“The Flyer FIX Engine ushers in a new era for efficient, low latency electronic trading, even at high trading volumes,” said Jeff Drew. “This kind of performance will enable new services and cost savings that existed only in the realm of imagination a year ago.”

“Utilizing Jeff Drew’s deep industry expertise and methodology for measuring impossibly small network latencies, we have proven that we are the most advanced and efficient FIX Engine on the market,” added FIX Flyer CTO Randy Prager.

The Flyer FIX Engine delivers high-end solutions for traders of all sizes, at an unbeatable space and power footprint. Other solutions in the market require one half rack (24U) of server space to deliver what Flyer can in just 1U. The overall solution can scale linearly in your datacenter, presenting unprecedented performance and manageability.

The Results

• 99% of messages processed under 400 microseconds with throughput rates at 35,000 messages per second
• Consistent, deterministic latency -- normal distribution averaging 200 microseconds
• No outliers greater than 2 milliseconds
• No significant impact from garbage collection
• No memory leak patterns detected

The Tests
The following were used for the tests:

• Three Dell PowerEdge 1950 servers, each with two Intel Xeon E5405, 2 Ghz Quad Core 64bit processors, 4 GB RAM memory, two high speed SAS @ 15K RPM disks, RAID level 1 mirroring, and 1GB Switched Ethernet LAN were used to simulate an order sending application, buy side FIX Engine, and sell side FIX Engine with an acknowledgement module
• Randomly generated FIX New Order Single with variable Symbol, Side, Size and Limit Price information
• Full validation and persistence
• Simulated, bidirectional messaging with Execution message acknowledgements responses from Orders
• Sending and receiving 1 million messages
• Average message size 157 bytes
• All measurements made directly from the network with no impact to the running processes
• Results visualized using TIBCo Spotfire
• Sun Java 6 Virtual Machine

For more information on how FIX Flyer can increase your efficiency for achieving cost savings from your environment, please contact Nick Nickitas at nick@fixflyer.com.

About FIX Flyer
Based in New York City, FIX Flyer develops advanced technology for managing complex, multi-asset, institutional securities trading using highly scalable internet networks and technologies. FIX Flyer provides Managed FIX services, FIX engine agnostic monitoring, certification and testing tools, zero-install and fully hosted web applications to manage algorithmic trading and fund allocations for a new breed of portfolio managers. The Flyer Engine is the first FIX server designed to manage high volume, ultra-low latency trading networks and ECNs, easily scaling to thousands of connections. FIX Flyer hosts and partners with Equinix, the leading global provider of network-neutral data center and interconnection services. Visit www.fixflyer.com for company information and to download Flyer for a free evaluation. FIX Flyer is a member of the FIX Protocol Ltd., the industry-led standards organization.

For more information about FIX Flyer please contact:
Nick Nickitas
FIX Flyer
+1 888 349-3593
marketing@fixflyer.com

Brian Ross
FIX Flyer, LLC
+1 888 349-3593
brian@fixflyer.com