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

Wall Street FPGA Applies Hardware Acceleration to FIX

Subscribe to our newsletter

Well, FIX Cancel messages, to be precise. A just-released white paper from Wall Street FPGA – a company whose focus is pretty self explanatory from its name – details how Field Programmable Gate Arrays (or FPGAs) can be used along with the open source QuickFIX engine to rapidly fire off cancel messages to matching engines.

Placing many orders – and canceling most – is an accepted (though controversial) part of high frequency trading. As well as supporting HFT strategies, the white paper suggests that its approach can also be used to quickly pull a trading firm out of the market at times of sudden volatility, such as last May’s ‘Flash Crash’.

The FIX Cancel prototype is just one example of how FPGAs might be applied to trading applications. Indeed, Wall Street FPGA suggests they might be used to create “the world’s fastest and most deterministic trading system.”

Among the technologies that Wall Street FPGA used to build its system is LabVIEW, an FPGA development system that provides a graphical interface for designing the logic that subsequently runs on the FPGA. Such an approach makes FPGA programming easier and cuts down on development time and debugging – an often-cited drawback of going the FPGA route. LabVIEW is a product of National Instruments, of Austin, TX. Just sayin’.

Subscribe to our newsletter

Related content


Upcoming Webinar: Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows

Date: 26 June 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential...


A-Team Group Announces Winners of TradingTech Insight Awards USA 2024

A-Team Group has announced the winners of its TradingTech Insight Awards USA 2024. These awards recognise excellence in trading solutions, services and consultancy for capital markets, and focus on vendors providing exceptional trading infrastructure, trading technology, and data solutions. The awards were presented during a celebratory drinks reception after the close of A-Team Group’s TradingTech...


TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.


Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...