Celoxica has launched its next generation hardware-accelerated, futures trading platform for firms executing low latency trading strategies on futures exchanges.
The UK-based hardware provider, which has offices in Chicago and New York, said that continued volatility and escalating market volumes in the global futures markets has led to trading firms increasingly seeking to capitalise on short-term disparities between pricing on both the US and European futures markets. Celoxica’s futures trading platform promises a fully optimised, ultra-low latency market data and trade execution platform, with single digit latencies from wire to wire irrespective of market conditions.
Based on field-programmable gate array (FPGA) technology the trading platform can accelerate market data into trading algorithms and rapidly execute orders, ensuring fills are met across multiple trading strategies including fixed income, commodities and foreign exchange. Celoxica’s FPGA cards are compatible with standard peripheral component interconnect express (PCIe) slots, allowing for easy installation and increased efficiency achieved through reducing server number and co-location costs.
“For futures trading, processing speed, determinism and throughput continue to play a crucial role in the success of principle trading firms and hedge funds trading on the global futures markets,” said the group’s chairman and chief executive officer (CEO), Jean Marc Bouhelier
“Celoxica’s ability to offer next generation systems to address these key technology and business requirements, whilst ensuring costs are minimised, means our clients and partners can increase focus on their trading strategies for Chicago Mercantile Exchange (CME), IntercontinentalExchange (ICE), Chicago Futures Exchange (CFE), London International Financial Futures and Options Exchange US (Liffe US), Liffe, and European Exchange (Eurex), knowing they are using the most efficient trading platform for market data and order execution available on the market today”.
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