The present invention relates to data processing techniques in multi-channel data transmission systems. In this invention, a method to efficiently deal with FEXT is proposed and a circuit architecture to implement the proposed MIMO-THP equalizer is developed for the application of high/ultra-high speed Ethernet systems. The proposed method relies on the fact that FEXT inherently contains information about the symbols transmitted from the far end transmitters and it can be viewed as a signal rather than noise. Compared with the traditional FEXT cancellation approaches, the proposed design inherits both advantages of MIMO equalization technique and TH precoding technique, thus having better performance. Unlike the existing MIMO-THP technology, the proposed design completely removes the feedback loops in the existing MIMO-THP architecture. Therefore, pipelining techniques can be easily applied to obtain a high-speed design of a multi-channel DSP transceiver.