The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Argon Design Delivers Ultra-Low Latency Trading System to Prop Shop

Argon Design, a Cambridge, UK-based engineering design consultancy, has developed an ultra-low latency financial trading system for a proprietary trading firm doing latency arbitrage on a leading exchange in the US. The system went live in May and builds on Argon’s September 2013 introduction of high-performance trading technology that combines the benefits of field programmable gate arrays (FPGAs) and x86 server technologies.

Steve Barlow, chief technology officer at Argon Design, explains that the prop trading firm has moved from proof of concept to production with the technology, allowing it to create a more complete arbitrage trading system with sophisticated triggers rather than simple setups that ran during testing.

Argon Design focuses on bespoke systems with specialised engineering, so for this client it built the order book and customised its technology approach to fit the firm’s strategies. The system was tailored to the firm’s applications and designed to run statistics on top of the order book, allowing the firm to calculate metrics such as moving averages while operating with very basic network impact.

Typically, Argon targets small to medium-sized trading firms with its technology, but Barlow remarks that there is a wide variety of customisation that can be done for different use cases. Looking forward, he is interested in finding out how Argon’s complex system design capabilities can be tested with a larger client.

Related content

WEBINAR

Recorded Webinar: Adopting Entity Data Hierarchies to Address Holistic Risk Management

Firms across the board are struggling to gain a comprehensive view of their counterparty risk. In the wake of the Credit Crisis, regulators have increased their focus on pushing firms to not only better understand risk exposure, but also be able to provide evidence of the analysis they use to create their view of risk....

BLOG

Broadridge Strikes at Front Office with $2.5 Billion Acquisition of Itiviti

In an all-cash transaction valued at €2.143 billion (approximately $2.5 billion), US-based Broadridge Financial Services this week agreed to acquire Scandinavian trading and connectivity solutions provider Itiviti from owner Nordic Capital. The deal will significantly expand Broadridge’s Capital Markets franchise by extending into the front office and strengthening its multi-asset capabilities. The fit looks like...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in June 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Dealing with Reality – How to Ensure Data Quality in the Changing Entity Identifier Landscape

“The Global LEI will be a marathon, not a sprint” is a phrase heard more than once during our series of Hot Topic webinars that’s charted the emergence of a standard identifier for entity data. Doubtless, it will be heard again. But if we’re not exactly sprinting, we are moving pretty swiftly. Every time I...