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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Colt Partners Celoxica to Deliver Low Latency Normalised European Data Feeds

Colt Technology is extending its market data portfolio with feeds for European derivatives normalised with a field programmable gate array (FPGA) solution powered by hardware accelerator specialist Celoxica. The first content provider Colt will connect to, and provide normalised data from, is Deutsche Börse CEF Ultra+ Eurex, which contains Eurex derivatives instruments.

The solution is designed to normalise European data feeds with consistent single digit microsecond latency, giving members and non-members of exchanges access to normalised low latency market data feeds in a faster and more deterministic manner than software-based alternatives.

An application programming interface (API) provided by Celoxica enables firms to consume feeds with minimal development time, providing a cost-effective approach and reduced time to market. The API will be provided for C++ and will support multiple platforms, including Windows and Linux, as well as Java.

Andrew Housden, vice president of capital markets at Colt, says an FPGA-powered market data solution, combining ultra-low latency and flexibility without high upfront investment costs, is one way of helping firms improve performance and retain market share in a highly competitive environment.

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