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: Synchronizing Precise Time For Trading, Around The Planet

This webinar has passed, but you can view the recording here. This webinar focuses on synchronizing ultra precise time (i.e. sub microsecond) across distributed (Linux) applications deployed in high frequency and algorithmic trading. The challenges are twofold: First, how to very precisely synchronize the time between computers in a trading system. The second, is how...

BLOG

A-Team Group Introduces 2021 Innovation Awards

Here at A-Team Group we have been working hard on plans to celebrate innovative projects and teams with the launch of our A-Team Innovation Awards. The awards are designed to reward teams that have found innovative ways to make use of new and emerging technologies to solve challenges at financial institutions in capital markets. The...

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

GDPR Handbook

The May 25, 2018 compliance deadline of General Data Protection Regulation (GDPR) is approaching fast, requiring financial institutions to understand what personal data they hold, why they process it, and whether it is shared with other organisations. In line with individuals’ rights under the regulation, they must also provide access to individuals’ personal data and...