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27 February 2013 by Ambrose McNevin - DatacenterDynamics
Fixnetix, a London-based managed services provider for ultra-low latency market data, trading, and risk control, is expanding its current deployment to include Rackwise DCiM XTM to manage critical IT infrastructure.
Fixnetix provides outsourced managed services across multiple asset classes to global banks and related organizations requiring ultra-low latency trading, market data, hosting, infrastructure connectivity and risk management solutions.
In addition to maintaining its own data centers, Fixnetix is co-located in 33 hosting data centers throughout Europe, the United States, the Asia-Pacific region and Africa, providing trading access to its extensive customer base of leading investment banks, hedge funds, market makers and proprietary trading firms in over 79 countries.
The company's explosive growth is driven by the increasing complexity and globalization of the financial services industry, including an evolving regulatory and compliance landscape.
These same factors are driving the financial markets' need for more reliable internal and outsourced DCIM models to ensure data security, mitigate risk from fault and failure, lower costs and maximize operational efficiencies.
To better support its rapid business growth and corresponding IT infrastructure expansion, Fixnetix cited enhanced visibility into data center asset and power tracking, management and control among the critical objectives of its present and prospective DCIM strategies. In reviewing products currently available, Fixnetix determined the advanced reporting capabilities and other features and functionalities of the Rackwise DCiM XTM offering to be the superior solution, yielding enhanced insight and control necessary to fulfill its responsibilities as Vendor of Record and Network Service Provider for the majority of exchanges in Europe and a growing number in North America. Additionally, the visibility and control available with Rackwise DCiM XTM enables Fixnetix to evolve its internal and co-located IT infrastructure more cost-effectively, utilizing the reporting and modeling capabilities inherent in the Rackwise solution.
Hugh Hughes, Chief Executive of Fixnetix, comments, "Fixnetix growth continues to push the need to expand and optimize our investment in IT. Our DCIM strategies include extending the lives of our current data centers by maximizing financial and operational efficiencies while we analyse and plan for additional IT resources. Clear visibility into our existing IT asset inventories and our ability to track and model them is essential to implementing these strategies, as is our ability to efficiently monitor, track and manage our power utilization. After reviewing available alternatives, we believe that Rackwise DCiM XTM offers superior features and functionalities and a robust reporting subsystem to best enable us to cost-effectively manage our present operations as well as plan and deploy requisite additional IT infrastructure."