About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

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

Subscribe to our newsletter

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.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The challenges and potential of data marketplaces

Data is the lifeblood of capital markets. It is also a valuable commodity providing financial institutions with additional insight when gathered in an internal data marketplace, or packaged and sold externally to other institutions. While the theory is sound, the practice of setting up a data marketplace can be challenging. Internally, vast amounts of data...

BLOG

LightPoint Launches LightPoint 360 ‘Hedge Fund in a Box’ Solution

LightPoint Financial Technology, the SaaS-based trading solutions provider, has launched LightPoint 360, a new all-in-one solution that targets new launch hedge funds, combining LightPoint’s existing SaaS-based trading, order management, portfolio management, and accounting product with Microsoft 365. The new ‘hedge fund in a box’ offering also comes with a comprehensive set of outsourced operational and...

EVENT

FinCrime Tech Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its FinCrime Tech Briefing taking place in both London and New York this summer and focusing on RegTech for AML and Financial Crime Compliance.

GUIDE

Tackling the Data Management Challenges of FATCA

As the July 1, 2014 deadline for compliance with the Foreign Account Tax Compliance Act – or FATCA – approaches, financial institutions around the world are working to ensure their data management and operational systems will meet the requirements of the US legislation. This report discusses the requirements of FATCA and how the legislation is...