Futures Now, for Celoxica Data Acceleration
January 4, 2013
Celoxia launches data acceleration platform for firms executing high-speed futures strategies. Tradepoint Systems formed to provide consulting and software development services for electronic trading. ConvergEx Group enhances execution services in Asia-Pacific markets. Supermicro Computer rolls out ‘Hyper-Speed’ servers.
Celoxica: The provider of ultra low latency market data and order entry systems announced the launch of its a hardware-accelerated, futures trading platform.
The platform executes trades, with “single-digit latencies” from wire to wire. Based on field programmable gate array technology, the trading platform can accelerate the delivery of 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.
Jean Marc Bouhelier, Celoxica’s Chairman and CEO, calls it “the most efficient trading platform for market data and order execution available on the market today,’’ when trading on futures markets run by CME Group, NYSE Liffe, Eurex and Intercontinental Exchange.
Tradepoint Systems: Formed recently by three trading technology colleagues, Tradepoint will offer financial services products with specific focus on liquidity aggregation, multi-asset execution management, high frequency algorithmic trading, and FI- based automated testing of trading systems.
President and CEO Eric Adelman said, “for nearly 20 years, our team has been creating trading software used by over 90% of U.S. bulge-bracket broker dealers. We’re excited to start this new chapter and meet our clients’ growing industry demands with forward-thinking solutions.”
Joining Andelman are Joey Horowitz, whose responsibilities will encompass technology, sales and strategy, and. Bill Adelman, Tradepoint’s director of product development. Based in New York City since 2012, Tradepoint will design, implement, support of its financial services products.
ConvergEx Group: ConvergEx's Darkest, Grey and Abraxas algorithms now route to four new dark and two new lit venues in Hong Kong, Australia and Japan. In addition, the company has given its customers access to new algorithmic trading strategies in Malaysia, Indonesia and Korea, including reserve, scaling and pegging. Finally, ConvergEx has also optimized its Asia-specific benchmark algorithms.
"Market volumes in Asia have declined significantly over the past few years. Complicating the picture, despite the growth in alternative trading systems, the majority of dark Asian liquidity does not interact with one other. This means that traders face the challenge of finding liquidity across numerous locations, while minimizing the number of tools they have to deploy for cost and efficiency purposes," said William Capuzzi, president of ConvergEx's Global Execution Business.
Supermicro Computer: The computer maker introduced a line of ultra high performance “Hyper-Speed” servers at High Frequency Trading World in New York. The 2U and 4U/Tower platforms deliver high performance by maximizing processing power and precisely tuning hardware and firmware.