The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Hardware Acceleration Targets FX HFT

Recent announcements by both Celoxica and Redline Trading Solutions point to increasingly latency-sensitive high frequency trading strategies being deployed in the foreign exchange markets. To date, hardware acceleration has been focused on equities, futures and options trading.

Celoxica has in fact added support not only for FX but also fixed income markets to its Generalized Market Accelerator (GMAC) market data feed handler and Generic Exchange Access (GXA) order entry technologies, both of which leverage FPGAs alongside more common CPU code.

According to Celoxica president Lee Staines, market drivers include the advent of electronic FX markets and similar moves in the fixed income space. He cites as an example a global tier 1 bank that introduced a fixed income algorithmic trading platform in 2010 to trade pair strategies in fixed income U.S. futures and cash treasuries, and the launch of Vega-Chi, the first convertible bond MTF in Europe.

Over at Redline, the company has added support for 20 new FX venues to its InRush Accelerated Ticker Plant and Execution Gateway products, which use cell processors to implement code in silicon.

Among the venues added are ECNs like EBS, FXall and Hotspot, as well as major market makers, including Citi, Deutsche Bank and UBS.

Both companies claim access to FX venues with single-digit microsecond latency, and are expecting deployments in co-lo and proximity centres.

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 8 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

London’s Continued Future as a Global Financial Centre Assured in Post-Brexit Era

By John R. Bryson, Professor of Enterprise and Economic Geography, University of Birmingham Recent newspaper headlines have declared that ‘Amsterdam ousts London as Europe’s top share trading hub’. This has been seen as another downside of the UK leaving the UK. Amsterdam has become Europe’s most important hub for trading shares with London pushed into second place....

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Solvency II Data Management Handbook

Want to get a handle on Solvency II and what it means for data management? Need to make sure you have all the bases covered for the looming January 2016 deadline? Our Solvency II Data Management Handbook is now available for free download to help you. This Handbook is the ultimate guide to all things...