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Celoxica expands market access and data solutions for low latency fixed income and rates trading

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Celoxica, a provider of accelerated market data, order entry and pre-trade risk solutions for the electronic trading community, has extended its Celoxica Feed Handler and Gateway portfolio to further support Interest Rate Markets by including the BrokerTec and Nasdaq eSpeed venues, delivering small footprint, high message volume processing at ultra-low latency.

This asset class expansion has been introduced in response to the continued electronification of the Fixed Income and Rates markets, traditionally traded via voice or OTC, but with the introduction of new regulations and increased buy-side demand, progressively moving towards electronic trading. Order-driven venues such as BrokerTec and eSpeed are at the forefront of this trend.
Celoxica’s embedded Feed Handlers and Gateways are a series of hybrid (ie software and hardware-accelerated) automated trading solutions delivered via a single server utilising FPGA technology. These products enable consumers of Market Data in multiple assets – Fixed Income, Rates, Equities, Futures and Derivatives – to access a normalised feed format via Celoxica’s API for applying to strategies and executing on the markets consistently with ultra low latency. By leveraging FPGAs and shared memory techniques, Celoxica’s technology ensures the lowest latency possible with fully deterministic performance.
Lee Staines (pictured), Global Head of Sales at Celoxica, says: “Our high performance feed handler and market access product set can be deployed on a single server, reducing datacentre footprint, whilst continuing to provide the benefits of state of the art accelerated technology, all at a low price point.  Celoxica has been democratising FPGA and accelerated technology so that any trading firm can benefit from its use, and with increasing interest in electronic Fixed Income trading,” he adds. “Celoxica’s product suite is a perfect solution for brokers and trading firms who wish to improve the way they trade today or are looking to expand into these markets quickly and cost effectively.”

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