Trading solutions provider Celoxica has launched a single-server CME/ICE LIFFE/EUREX Container targeted at firms executing high frequency trading strategies on futures exchanges.
The timing of the launch makes a great deal of sense. Volatility and growing market volumes in global futures markets mean that firms are increasingly keen to take advantage of short-term pricing disparities between European and US futures markets. According to Celoxica, its futures Container offers a fully optimised, ultra-low latency market data and trade execution platform.
The Container features hardware accelerated market data and order execution products allowing co-located or proximity hosted firms to eliminate unnecessary network hops and minimise latency. This is achieved by offloading onto FPGA cards designed to optimise inbound market data and outbound execution speed.
In addition, a compact single-server design reduces the overall data centre footprint, resulting in corresponding reduction in total cost of ownership.
“In the era of co-located trading; physical distance, processing speed, determinism and throughput capacity have been the top priorities,” said Celoxica president Lee Staines. “Celoxica’s hardware accelerated Container model further optimises the trading process through smarter engineering. The result is a fully integrated, all-in-one single-server environment for market data and trade execution that eliminates architectural latencies and reduces the data centre footprint needed to run futures-based trading strategies.”