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

Vela Partners Enyx on Ticker Plant Providing Access to US Equity Markets on One Device

Subscribe to our newsletter

Vela continues to push the boundaries of low latency through a partnership with Enyx that is delivering the company’s latest ultra-low latency ticker plant appliance for US equities. The hybrid solution includes Enyx’s nxFeed FPGA card for decoding, line arbitration, filtering, and full order management and book building, with Vela providing normalisation and distribution via its SMDS feed handler API.

Vela says the blended solution delivers maximum capacity on a minimal footprint and is built on the latest generation commodity hardware. The result is a single two units of rack space (2u) device processing the full set of US equity markets with over 50% reduction in latency against an equivalent software only solution that uses multicast to distribute to an unlimited number of downstream devices. For additional latency reductions, the service can be run in-process with the client’s application, providing sub-10 microsecond latency at the 99.9999 percentile.

The company’s ticker plants are all fully-managed devices. This latest addition allowing clients to capitalise on the benefits of FPGA technology at scale, without the operational overheads of managing a separate or niche technology stack. The ticker plant is delivered through the same API as Vela’s existing global feed handlers, giving clients access to over 250 markets.

Jen Nayar, CEO at Vela, says: “We don’t believe clients should have to compromise on performance to achieve scale, and our latest generation FPGA-enabled ticker plant delivers both. “Since we’re leveraging the smallest possible technology footprint, some markets – for example, all the major US equities – can be configured on a single appliance.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Transforming Data Experiences in Quantitative Research and Trading

For quantitative researchers and quant trading teams at banking and capital markets firms, the ability to access, integrate, and share data is critical. Data and how teams collaborate with data underpins the ability to generate alpha, perform execution analyses, and provide a modern and differentiated client experience. However, for most banks, legacy technology stacks and...

BLOG

OptionsDesk Adopts ION’s XTP Front-to-Back Suite for Exchange-Traded Derivatives

OptionsDesk, the UK options broker that provides advisory and brokerage services for retail investors, corporations, and financial institutions, has signed a long-term strategic partnership with ION, the trading, analytics, treasury and risk management solutions vendor. The deal will enable OptionsDesk to expand its exchange-traded derivatives (ETDs) capabilities by utilising ION’s XTP Front-to-Back Suite for both...

EVENT

RegTech Summit APAC

Now in its 2nd year, the RegTech Summit APAC will bring together the regtech ecosystem to explore how capital markets in the APAC region can leverage technology to drive innovation, cut costs and support regulatory change. With more opportunities than ever before for RegTech to add value, now is the time to invest for the future. Join us to hear from leading RegTech practitioners and innovators who will share insights into how they are tackling the challenges of adopting and implementing regtech and how to advance your RegTech strategy.

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...