Accelize and Enyx have launched a fully integrated, FPGA contained trading platform aimed at financial firms looking for high performance trading solutions.
The platform enables unparalleled tick-to-trade latency by integrating every element of the trading flow into a single PCI Express low profile FPGA board that will easily fit into any standard server.
The combined trading platform is based on the Accelize XP5S620LP FPGA network interface card (NIC) running Enyx’s FPGA trading application. It features:
• Real-time market data acquisition over 10Gb Ethernet
• UDP decode and A/B line arbitration inside the FPGA
• Normalisation and book building inside the FPGA
• High-speed transfer over PCIe to the server’s trading engine, using Enyx’s PCIe Fast Path acceleration API
• Order flow out to the wire through the FPGA built-in full hardware 10GbE TCP stack
In terms of latency, Enyx trading platform offers a deterministic latency of 1.2µs from fibre to application for the market data access and another 1.2µs from the application to the wire to send an order using a kernel bypass and an embedded TCP stack.
The platform currently supports the CME markets and can be customised for other options and futures markets such as Eurex and others.
“Accelize provides a range of FPGA-programmable network interface cards and the supporting IP infrastructure required to enable customers and partners like Enyx to build complete turnkey trading platforms easily and seamlessly,” says Stephane Hauradou, chief technology officer for Accelize. “This ease of integration is a key differentiator for the Accelize FPGA NICs, giving them a real advantage over the competition.”
Arnaud Derasse, chief executive of Enyx: “As the first vendor to offer market data processing and order entry on a single FPGA board to achieve a wire to wire latency of less than 2.4µs, it is crucial to us to be able to deliver a turnkey solution that will seamlessly fits in our customers’ infrastructure. Accelize’s FPGA cards are low-profile and do not require external power which makes integration much easier in trading servers.”