New York, 22 September 2008 — Celoxica Ltd, a leading provider of low latency trading solutions, announces today that as a result of customer demand for Celoxica’s hardware-accelerated market data products on the latest server platforms it is working with Intel to produce a PCI Express® implementation of its Accelerator Series.
This collaboration will see Celoxica’s acceleration technology implemented in the Intel fasterLAB facility, which targets simulation of financial services industry (FSI) and high performance computing (HPC) workloads. The new platform has a high-speed 8-lane PCI Express interface to the latest generation of Xilinx FPGAs with 4 Gigabit Ethernet SFPs, either copper or fibre, connected directly to the FPGA to give the lowest latency acceleration of financial protocol handling.
The Celoxica Accelerator for PCI Express will be available on Intel® platforms from October 2008, with the first supported high volume feeds being OPRA, ISE, NASDAQ ITCH, CME, ICE, NYSE Arca and Eurex. Recent tests for the Accelerator have proven latency of less than 10 microseconds, processing market data from ISE, OPRA and ITCH at over 3 million messages per second. A further seven feeds will be available in Q1 2009.
Lee Staines, CEO of Celoxica commented: “Our collaboration with Intel has been strengthened since the Celoxica re-launch into financial services at the beginning of the year. A shared vision of providing ultra-low latency solutions, on the latest technology available, whilst ensuring openness of the underlying architecture has helped enable the partnership we share today. Furthermore, by working with Intel and with the client feedback from our early adopter programmes, we have been able to ensure the product roadmap would provide scale for our line handler solution without sacrificing speed, consistency or reliability.”
Nigel Woodward, Director Financial Services at Intel comments: “Intel continually looks to align its technology with partner capabilities which make the combination relevant to today’s market demands. The area of market data is at the forefront of the latency drive, plus the need to integrate with core applications in the trading, risk and compliance space of the front office. This calls for a collaborative approach to technology in order to test the appropriate combinations in the infrastructure. We have been impressed with the proactivity of Celoxica to show interoperability with Intel and look forward to solution-based results.”
Intel fasterLAB is the engineering capability applied to the focus on FSI. Centred on the facilities in London UK, the lab gives access to Intel engineering and technology plus major investments by partnering companies to enable simulation and measurement of FSI workloads – from infrastructure, risk, trading, market data and latency measurement. fasterLAB has access to Intel’s worldwide lab and engineering resource and is available to clients and partners.
Celoxica is a leading provider of hardware accelerated low-footprint, ultra low latency market data, order entry and risk trading solutions for the global financial services industry. Headquartered in the UK with offices in Chicago and New York, Celoxica delivers trading solutions to automated trading firms, banks and brokers seeking to optimize the performance of their trading applications across multiple asset classes in all market conditions, whilst reducing their total cost of ownership.
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For additional information, contact:
Lee Staines, President Celoxica Inc
t: +44 207 313 3180 or +1 212 880 2075
Press enquiries to:
Salli Roskilly Saffron Communications
t: +44 1763 208708