Fixnetix Responds to Canadian Regulations with FPGA iX-eCute


Fixnetix Responds to Canadian Regulations with FPGA iX-eCute

http://low-latency.com/article/fixnetix-responds-canadian-regulations-fpga-ix-ecute/?utm_source=weekly&utm_medium=email&utm_campaign=ll_13-06-20

Newswire | June 19, 2013 – 1:53pm

Fixnetix, global managed services provider for ultra-low latency market data, trading and risk control, announced today the launch of ix-eCute, the pre-trade risk FPGA microchip for ultra-low latency execution for the Canadian cash markets. Fixnetix is also pleased to announce the leading Canadian investment bank has contracted for iX-Eye, the risk command and control graphical user interface (GUI) integrated with the new FPGA iX-eCute. This solution is now live and trading markets TSX, TMX Select, TMX venture, Alpha, Matchnow and Chi-X Canada.

“Fixnetix has earned strong credibility from the sell-side community for providing the fastest most seamless financial trading solutions worldwide,” says Hugh Hughes, Chief Executive of Fixnetix.

iX-eCute, has been designed to meet Canadian regulatory requirements directed by the proposed Canadian Securities Administrators National Instrument 23-103 rule which introduces specific obligations for direct electronic access to Canadian marketplaces.

“iX-eCute empowers the broker to be the leader in transacting DMA/DSA flow within regulatory boundaries, whilst guaranteeing the security of the marketplace for all participants with zero latency impact on orders,” says Dr. Marcus Perrett, Head of Development at Fixnetix. “Our leading Canadian customer is now fully compliant with the latest IIROC-mandated regulation using our FPGA technology. This installation represents the largest “managed service” FPGA deployment in the world.”

“We understand the challenges faced by leading investments banks, markets makers, hedge funds and proprietary trading firms and the time-sensitive need to respond to regulatory changes,” says Hughes.

 
 
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Fusion Systems’ hardware accelerated Raptor Raw helps traders achieve pre-trade risk management…


In today’s trading marketplace, where increasingly diverse and widespread regional and governmental regulations are imposed, there is a renewed focus on risk management, specifically on pre-trade risk exposure.

via Pocket http://www.bobsguide.com//guide/news/2013/Jun/12/fusion-systems-hardware-accelerated-raptor-raw-helps-traders-achieve-pre-trade-risk-management-compliance.html June 15, 2013 at 07:18PM

HL Steam teams up with BlueBee in FPGA initiative


HL Steam teams up with BlueBee in FPGA initiative

http://hlsteam.com/hl-steam-teams-up-with-bluebee-for-hardware-acceleration/

HL Steam are teaming up with BlueBee in an Anglo-Dutch initiative to port the Ancoa market integrity platform towards FPGA-accelerated computer architectures.

The architectures in question here include the Convey HC-2ex, which contains:

  • 4 Intel processors of 8 cores each
  • 4 Xilinx FPGA blades
  • 64GB RAM memory
  • 80GB internal bandwith

The main goal of the project is to demonstrate that it is possible with FPGA to more efficiently process real world workloads of financial trading data at a lower cost, both in dollar and in energy terms, reducing both capital and operational expenditure.

As we see it, processing big data in financial markets requires a diverse computational approach. This means that using general purpose processors (CPUs) exclusively will not give you optimal performance. Certain parts of the processing will be better handled using GPUs, or other types of processor, if those operations need to be done on a large number of data elements in parallel.

Field-Programmable Gate Arrays (FPGA) are becoming an increasingly popular computing option, as they combine the speed and energy efficiency of hardware, with the programmability and usability of general purpose processors (CPUs).

FPGAs have been around for over 25 years, but can be notoriously difficult to program in a flexible, generic way, which is one reason why they have yet to gain the widespread popularity of GPUs despite offering great performance gains over CPUs and energy advantages.

Bluebee, a spin-off from Delft University of Technology and Imperial College, has developed a methodology to substantially increase the ease and flexibility with which platforms with heterogeneous computing elements (including FPGA) can be programmed.

The challenge here is in finding the right mapping of the application to the different processing elements, and with FPGA acceleration, to have hardware implementations of those functions for which substantial speedups are possible.

Prof Koen Bertels, CEO of Bluebee, is delighted to work with HL Steam, a London-based team who are taking a unique data-centric approach to market integrity in financial markets.

The two companies complement each other’s expertise in hardware and software, and form an ideal fit for BlueBee to prove the possibility of a significant increase in computing performance, by making FPGA available to big data applications in finance.

For further information please contact:

Prof. Koen Bertels, CEO BlueBee
Minderbroerstraat 26
2611 MV Delft
The Netherlands
www.bluebee.com

Stefan Hendrickx, CEO HL Steam
The Generator Business Centre
Unit 13, 95 Miles Road
London CR4 3FH
United Kingdom
www.hlsteam.com
+44 20 8408 1610

NovaSparks releases test results showing 1.4 microsecond performance at deterministic speeds


NovaSparks releases test results showing 1.4 microsecond performance

First Published 3rd June 2013

NovaSpark said it processed market data at deterministic speeds of 1.4 microseconds, based on testing by the Securities Technology Analysis Center.

http://www.automatedtrader.net/headlines/142802/novasparks-releases-test-results-showing-14-microsecond–performance

Paris – NovaSparks, an FPGA market data company, said it was releasing audited performance benchmarks that showed its ability to process market data at deterministic speeds of 1.4 microseconds.

The 1.4 microseconds mean latency rate is maintained when market data is accelerated 20 times actual market speed and equate to a millisecond peak rate of 18.9 million messages per second, the company said.

“Deterministic processing of market data at ultra-low latency rates is a breakthrough for an industry that is constantly re-assessing their ability to trade across all market conditions,” said Michal Sanak, CIO at proprietary trading firm RSJ, which is listed as the largest NYSE Liffe trader.

The accelerated data was replayed from NASDAQ TotalView ITCH 4.1 feed during the Open and Close periods of the day. These periods are considered the most challenging time of day to maintain a full depth of book at deterministic speed, the company said.

Conducted by the Securities Technology Analysis Center (STAC), the detailed latency benchmark, called STAC-M1 is available to the public.

The benchmark includes all the tasks to receive, build and maintain a full depth of book starting at the time the first byte of the packet is received by the system. The specification provides a reproducible framework for measuring the performance of traditional software-based solutions as well as pure FPGA solutions like the NovaSparks Market Data Matrix.”The tests are specified by trading firms and represent challenging scenarios based on their experiences in the real world,” said Peter Lankford, STAC Director. “The tests rigorously measure ‘wire-to-memory’ latency, leaving nowhere to hide.”

“As an industry, we need to cut back on the amount of duplicative testing that takes place and start to share more best practices” states Olivier Baetz, chief operating officer of NovaSparks North America. “We believe that full performance transparency will help trading firms determine the business case for deterministic market data processing.”

The Market Data Matrix is available for 27 feeds covering major equities and futures exchanges which exhibit similar deterministic microsecond speeds. The Market Data Matrix Feed Handlers include a distribution layer in the FPGA architecture that allows connection of up to 21 trading servers without any loss of performance, the company said.

NovaSparks said the benchmark tests were available at www.novasparks.com and www.STACresearch.com/novasparks.

Fusion Systems’ hardware accelerated Raptor Raw helps traders achieve pre-trade risk management…


In today’s trading marketplace, where increasingly diverse and widespread regional and governmental regulations are imposed, there is a renewed focus on risk management, specifically on pre-trade risk exposure.

via Pocket http://www.bobsguide.com/guide/news/2013/May/9/fusion-systems-hardware-accelerated-raptor-raw-helps-traders-achieve-pre-trade-risk-management-compliance.html May 12, 2013 at 04:16PM

Enyx FPGA feed handler chosen by Quincy Data for CME data


http://www.automatedtrader.net/news/automated-trading-news/142488/enyx-fpga-feed-handler-chosen-by-quincy-data-for-cme-data

First Published Monday, 15th April 2013 from Automated Trader : Automated Trading News

Quincy selects Enyx’s CME certified FPGA market data solution

Paris – Enyx has announced that its FPGA solution for CME Group data feeds has been selected by Quincy Data, LLC for its “QED” microwave-based market data service. The QED service sources data from multiple exchanges and delivers a normalized and integrated feed to exchange matching engine Colocation and proximity data centers.

Enyx’s CME certified FPGA market data solution provides Quincy with wire-to-software latency of less than 1.5 microseconds (µs). This result is deterministic and includes decoding, filtering and normalization (wire-to-wire is less than 1.2µs). “We have achieved latencies impossible with software-based feed handler solutions,” remarked Arnaud Derasse, co-founder and CEO of Enyx, “we are delighted to have met the exacting standards of the Quincy Data team to enable them to extend the lead as the fastest known CME market data service available in New Jersey colos.”

Quincy Data, LLC leverages best-in-class technologies and providers. “We now achieve significantly improved deterministic latencies particularly during the worst bursts of market data where ENYX performs to perfection.” says Stéphane Tyc, co-founder of Quincy Data, “This upgrade is part of our constant improvement process for the QED service: more data, more locations, greater determinism, lower latency, enhanced reliability.”

The ENYX FPGA solution supports all major US markets and its functionality supports book building for all equities markets.

Enyx has also currently started developing a CME iLink order entry platform in FPGA. Target for certification is May and this would bring the whole CME round-trip (including market data and iLink) to less than 3 micro-s. More information is available on request.

Cheetah Solutions cracks barriers to FPGA Algo Trading and HFT


http://www.atmonitor.co.uk/news/newsview.aspx?title=cheetah-solutions-cracks-barriers-to-fpga-algo-trading-and-hft

Cheetah Solutions unveils the Cheetah Framework – a library of FPGA IP Cores providing solutions for reconfigurable hardware based trading systems.

While FPGAs are well known for providing deterministic low latency, they are also known to be difficult to program, creating an enormous barrier to flexible and fast change. The Cheetah Framework provides building blocks which can be configured in real time by your host server. No longer is your alg crossing busses and looping into the software domain. Instead, the algorithm can execute entirely in the FPGA-enabled network card; and the server software takes only a supervisory role, monitoring the alg’s performance and adapting the hardware alg on the fly.

Cheetah Solutions provides out of the box components such as EMA, MACD, ATR, ADX, Arithmetic, Logic, but also provides the tooling to easily create your own. The Cheetah Framework provides real-time interconnections between such components as well as reporting and auditing functions. Your host server defines the “wiring” between the components as well as the individual configuration of each component.

All of this has been tuned to run FAST – the EMA component calculates 38 million price tick EMAs per second on up to 255 instruments with a latency of 144ns; if you want to look up the current ADX value of an instrument, you can access this from the ADX component in 24ns.

“True low latency will only be acheived through total hardware solutions which garantee deterministic low latency” explains Peter Fall, CEO of Cheetah Solutions. “But if the market moves, you want to be able to tweak an algorithm or change it completely to take advantage of current conditions. Traditional FPGA programming may take weeks to make even a simple change whereas Cheetah Framework provides on-the-fly reconfigurability”

http://www.atmonitor.co.uk/news/newsview.aspx?title=celoxica-introduces-new-gen-futures-trading-platform


Celoxica, a provider of ultra low latency market data and order entry solutions for high frequency traders, today announced the launch of its next generation hardware-accelerated, Futures trading platform for firms executing low latency trading strategies on futures exchanges.

Continued volatility and escalating market volumes in the global futures markets has led to trading firms increasingly seeking to capitalize on short-term disparities between pricing on both the US and European futures markets. Celoxica’s futures trading platform provides a fully optimized, ultra-low latency market data and trade execution platform, with single digit latencies from wire to wire irrespective of market conditions.

Based on 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 PCIe slots allowing for easy installation as well as 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 Jean Marc Bouhelier, Celoxica’s Chairman and CEO. “Celoxica’s ability to offer next generation systems to address these key technology and business requirements, whilst ensuring costs are minimized, means our clients and partners can increase focus on their trading strategies for CME, ICE, CFE, Liffe US, Liffe and Eurex, knowing they are using the most efficient trading platform for market data and order execution available on the market today”.

Continued volatility and escalating market volumes in the global futures markets has led to trading firms increasingly seeking to capitalize on short-term disparities between pricing on both the US and European futures markets. Celoxica’s futures trading platform provides a fully optimized, ultra-low latency market data and trade execution platform, with single digit latencies from wire to wire irrespective of market conditions.

Based on 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 PCIe slots allowing for easy installation as well as 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 Jean Marc Bouhelier, Celoxica’s Chairman and CEO. “Celoxica’s ability to offer next generation systems to address these key technology and business requirements, whilst ensuring costs are minimized, means our clients and partners can increase focus on their trading strategies for CME, ICE, CFE, Liffe US, Liffe and Eurex, knowing they are using the most efficient trading platform for market data and order execution available on the market today”.

System Handles Market Data in 600 Nanoseconds


A startup supplier says it can, in effect, guarantee the processing of a new piece of market data in under 1 millionth of a second. If so, the speed would undercut processing times by existing systems by four or five millionths.

via Pocket http://www.securitiestechnologymonitor.com/news/burstream-600-nanoseconds-market-data-processing-mesh-28980-1.html December 30, 2012 at 06:50PM

Fixnetix Deploys Market Data FPGA from NovaSparks for Asperatus Capital


London and New York – 15th of November, 2012 Fixnetix, managed services provider for ultra-low latency market data, trading and risk control, announced today long-time customer Asperatus Capital has chosen NovaSparks for deterministic FPGA market data.

via Pocket http://www.hftreview.com/pg/newsfeeds/fixnetix/item/66235/fixnetix-deploys-market-data-fpga-from-novasparks-for-asperatus-capital December 30, 2012 at 06:21PM

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