Exegy, a developer of trading solutions for the financial industry, ihas announced that FIX protocol support is now available on nxFramework, an FPGA-based development framework designed to reduce server resource consumption by as much as 10-20 times.
The FIX protocol is a market standard for electronic messaging, facilitating the exchange of market data and trade information between financial entities, such as investment banks and broker-dealers. However, processing large volumes of FIX traffic using standard, software-based architectures is very resource-hungry, using multiple CPU cores.
The solution bridges the gap between hardware and software by offering a flexible, software-configurable, FPGA-based FIX stack in order to t reduce costs and accelerate time-to-production when developing ultra-low latency trading systems.
