Fib16 develops and operates institutional-grade algorithmic trading systems targeting liquid markets. Our proprietary C++ execution infrastructure, ML-driven signal generation and co-located deployment give sophisticated investors access to technology previously available only to the largest proprietary desks.
Our Products
Product 01 · Cryptocurrency HFT
A native C++ high-frequency trading engine operating on Binance via FIX API. Six-head ML signal generation, sub-2.5s MicroScalp hold times, velocity-based exits and per-symbol configuration. Targeting the most liquid cryptocurrency instruments.
Live on Binance Production
BinanceFIX APIML-Driven<2.5s HoldAWS Tokyo
Product 02 · Micro-Futures HFT
TERRAX
An exchange-agnostic C++ micro-futures trading system built on the same core architecture as Crypton. A thin exchange-specific adapter layer provides connectivity per venue. Currently integrated with Interactive Brokers; FIX API migration under evaluation.
90% Developed · IBKR Integration
Micro-FuturesIBKRExchange-AgnosticC++ Core
LIVE
Crypton · Binance
FIX
API Protocol
6+2
ML Signal Heads
<2.5s
MicroScalp Hold
90%
Terrax Dev Progress
C++
Execution Core
Under The Hood
Built to Institutional Standard
Both Crypton and Terrax share a common execution philosophy: native C++ in the critical path, ML inference via ONNX, config-driven per-symbol behaviour, and continuous retraining on production tick data. The exchange-agnostic core means new venues require only a new adapter layer — not a new system.
quantx_core · live
// Active systems
system[0] : CRYPTON · BinanceFIX
system[1] : TERRAX · IBKR
// Crypton live state
mode : MicroScalp
ml_signal : 0.847 LONG
gate_ok : true ✓
// Terrax state
instrument : MES
adapter : IBKR · FIX eval
▸ exchange-agnostic core active
About
Fib16 Limited
A specialist algorithmic trading group building institutional-grade HFT execution infrastructure for a market segment historically priced out of it. Two products, one core architecture, one founding vision.
"Institutional execution quality for a market segment historically priced out of it."
— Fib16
Richard Hackett
Founder & Lead Developer
Experience40 years
DomainC++ / ML / HFT
ProductsCrypton · Terrax
Target LiveQ3 2026
The Founder
Richard Hackett brings forty years of deep technical experience spanning systems architecture, high-performance C++ engineering and applied machine learning to the construction of Fib16's product suite. His background allows the systems to be engineered from first principles rather than assembled from off-the-shelf components.
Richard Hackett conceived both Crypton and Terrax as a response to a structural market gap: the machinery of high-frequency alpha capture demands resources — co-location, FIX licences, dedicated quant teams — that price out all but the largest institutions. Fib16 is the technical answer.
Two Products, One Architecture
Crypton targets the cryptocurrency market via Binance FIX API and is fully live in production. Terrax targets micro-futures via Interactive Brokers, reaching 90% completion and operating on the same C++ core engine and ML pipeline. The exchange-agnostic architecture means new venues add only a thin adapter layer — the signal generation, risk management and execution logic remain shared.
The Vision
Fib16 Trading is the group's dedicated trading entity, targeting go-live Q3 2026 across both Crypton and Terrax.
Parent Entity
Fib16 Limited
Trading Entity
Fib16 Trading
Target Go-Live
Q3 2026
Products
Crypton · Terrax
Infrastructure
AWS Tokyo · IBKR
Technology
Two Products. One Core.
Crypton and Terrax share a common C++ execution engine, ML inference pipeline and risk architecture. A thin, exchange-specific adapter layer provides venue connectivity — enabling institutional-grade performance across any market without duplicating the core system.
No interpreted runtime in the critical path. Lock-minimal concurrent order state management keyed on FIX order identifiers. Config-driven per-symbol behaviour — two execution profiles without code changes.
C++23Lock-MinimalZero-CopyConfig-Driven
02 — CONNECTIVITY
FIX API · Binance
FIX Protocol 4.2 on Binance production infrastructure. Deterministic, low-latency order submission and full order lifecycle visibility. No REST polling, no websocket order routing in the execution path.
FIX 4.2BinanceDMASub-ms
03 — MARKET DATA
Level 2 LOB Analysis
Real-time Level 2 order book: tick cadence, bid/ask depth and order imbalance computed continuously per symbol. Sparse-cadence symbols flagged and deprioritised automatically.
L2 Order BookTick AnalysisImbalance
04 — ML SIGNAL GENERATION
Six-Head MLP Ensemble + TCN
Six parallel MLP heads plus a dilated TCN entry model (SEQ_LEN=20, receptive field 31). Baked-in normalisation exported to ONNX — no external norm stat dependencies at inference. F1 >0.90 on most instruments.
TCN6× MLPONNXGPU Inference
// Execution Profiles
Two per-symbol profiles, all parameters config-driven. CatastrophicManaged — dense liquid symbols, wider stops, managed SL/TP levels. MicroScalp — bursty price action, sub-2.5s hold times, velocity-based exits with MFE profit protection. Rolling Sharpe & Sortino gates (20-trade window, both ≥ 0.0) guard every entry.
01
Exit Logic
Velocity-Based Exit
Per-symbol exitLookbackMs, exitMfeLookbackMs, exitDropVelThreshold. Drop-from-peak MFE protection triggers regardless of rNow sign, with explicit history validation.
02
Risk Gates
Rolling Sharpe/Sortino
20-trade rolling window. Both Sharpe and Sortino must clear 0.0 before any new entry per symbol. Gate failures suspend that symbol independently — no cross-symbol cascade.
03
Infrastructure
AWS Tokyo Co-location
AWS ap-northeast-1 — closest major cloud region to Binance matching infrastructure. RTX PRO 5000 GPU for TensorRT inference. Dataset builders: 14GB of tick logs in under 2 minutes.
Terrax is built on the identical C++ core engine, ML inference pipeline and risk framework as Crypton. The system is exchange-agnostic by design — a thin, venue-specific adapter layer handles connectivity and order translation, while all upstream logic remains shared.
Shared CoreAdapter PatternC++23
02 — MARKET
Micro-Futures
Targeting CME micro-futures contracts — liquid, accessible instruments with institutional execution characteristics at smaller notional sizes. The same alpha-capture logic that drives Crypton in crypto operates on micro-futures tick data.
Micro-FuturesCME ProductsLiquid Instruments
03 — CONNECTIVITY
IBKR · FIX Evaluation
Current integration via Interactive Brokers. IBKR's FIX API capability is under evaluation — migration would align Terrax's connectivity model with Crypton's deterministic, low-latency FIX execution path, eliminating REST/websocket overhead.
IBKRFIX EvaluationDMA Target
04 — DEVELOPMENT STATUS
90% Complete
Core engine, ML models, risk architecture and IBKR adapter are operational. Remaining work focuses on production hardening, live performance evaluation and FIX API integration assessment. Target delivery alongside Crypton investor go-live.
90% CompleteQ3 2026 TargetHardening Phase
// Why Exchange-Agnostic?
Building the system with a clean separation between the execution core and the exchange adapter means Fib16 can target new venues — additional futures exchanges, options markets, equities — without rebuilding the ML signal pipeline, risk management or execution logic. The adapter layer is the only venue-specific component. This is the same architectural pattern used by institutional multi-venue execution platforms at a fraction of the development cost.
News & Updates
Latest from Fib16
Development milestones, technology updates and market commentary from Richard Hackett and the Fib16 team.
Milestone · May 2026
Crypton FIX API Fully Operational on Binance Production
Fib16's Crypton system has achieved a major development milestone: FIX Protocol 4.2 integration is fully operational on Binance's production trading environment. Order submission, acknowledgement and full lifecycle management are confirmed functional across all target instruments.
Terrax micro-futures system completes core development. The exchange-agnostic adapter pattern is validated against IBKR integration, with FIX API migration under evaluation for production deployment.
AWS Tokyo Co-location: Minimising Round-Trip to Binance Matching Engine
Fib16's production deployment targets AWS ap-northeast-1. We outline the latency architecture decisions and why physical proximity to exchange infrastructure is non-negotiable for HFT.
Dataset Pipeline Rebuilt: 18-Hour Build Time Reduced to Under 2 Minutes
Complete rewrite of ML training dataset builders using pandas and numpy reduced construction time across 14GB of tick log archives from ~18 hours to under 2 minutes without loss of data fidelity.
Rolling Sharpe/Sortino Gates Added as Per-Symbol Entry Guards
Both Crypton and Terrax now require 20-trade rolling Sharpe and Sortino ratios to clear minimum thresholds before any new position. The implementation, rationale and edge cases are detailed here.
TCN Architecture: Dilated Causal Convolutions for Tick-Level Sequence Modelling
A technical overview of the Temporal Convolutional Network entry model — architecture choices, receptive field design (SEQ_LEN=20, RF=31) and ONNX export strategy for production inference.
Fib16 is in active development ahead of a Q3 2026 investor go-live across both Crypton and Terrax. Enquiries from qualified investors, institutional counterparties and technology partners are welcome. Richard Hackett responds personally to all substantive enquiries.
Fib16 Limited and Fib16 Trading are in active development. Nothing on this site constitutes an offer or solicitation to invest. Past backtested performance is not indicative of future results. Algorithmic trading involves significant risk of loss.
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