Options IT and Celoxica Helps High-Frequency Trading Firms
October 10, 2011
Options IT said that Celoxica, a provider of hardware-accelerated market data and trade execution technology for high-frequency traders, has installed its Container service.
Celoxica's Container offers trading firms looking to execute high-frequency trading strategies on U.S. and European futures markets with a hardware-accelerated market data and order execution product that can be fully integrated with the firm's trading model on a single server.
The Container technology speeds the delivery of data and order execution by off-loading the processing of market data and trade execution onto FPGA (Field-Programmable Gate Array) cards.
Historically, firms have relied on software only solutions which can become inefficient as markets become volatile and throughput increases. FPGA technology allows the parallelization of processing and avoidance of elements of the network stack ensuring consistent performance when the trading firm needs it most.
Users of Options IT's PIPE Velocity private cloud service now have on-demand access to Celoxica's ultra-low latency market data and execution technology as a fully managed co-located service, which eliminates the requirement for firms to build and maintain the required technology infrastructure for running a high-frequency trading strategy.
The joint approach also enables trading firms to test and deploy strategies in days rather than weeks by essentially plugging their trading models into an existing cloud-based trading platform rather than building out their own.
“There has been a notable increase over the last year in the level of high-frequency trading activity on the major U.S. and European futures markets as trade volumes and price volatility have created greater market opportunity,” says Lee Staines, president at Celoxica in New York. “We’re delighted to be working with Options IT to offer trading firms a fully managed, cloud-based solution that provides the speed to market needed to capitalize on that opportunity.”
