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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Hardware Acceleration – A Roundup and Update with Nomura, Burstream and Fiberblaze

What’s been happening in the world of hardware acceleration of late? Despite a couple of killjoys on LinkedIn who reckon it’s still unproven technology, the answer is – quite a lot.

It was good to get an update from the coalface a couple of weeks ago at our London Low-Latency Summit. There, I chatted to Nomura’s Ben Stephens, who sells HFT and electronic trading services for the investment bank.

Nomura’s NXT platform – it stands for Nomura Extreme Technology – incorporates Field Programmable Gate Array (FPGA) technology for market data handling and pre-trade risk checks.

Stephens reckons that using FPGAs – and avoiding the I/O data bottlenecks between network and main CPU – saves NXT between 10 to 50 microseconds in overall latency. It also allows for very deterministic latency – i.e. minimal jitter – which is “really important” for customers running arbitrage trading.

Recent news includes a new managed service from Burstream, which began offering Nasdaq market data using FPGA-based data feed appliances from NovaSparks. Latencies of less than a microsecond – even at peak periods – are being observed.

Then the name Fiberblaze cropped up. A Danish company that builds FPGA-based network cards. Ullink has started to use them in its pre-trade risk offering, presumably offloading checks on to the card.

Also on our radar: Celoxica, with an offering for HFT Futures, and Redline Trading Solutions, which is making Goldman Sachs’ Sigma X dark pool zip along. Unlike many others in the hardware acceleration space, Redline uses Cell processors instead of FPGAs.

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