Celoxica extends market coverage with new hardware accelerated European Feed Handlers and Consolidated Book processing.

Celoxica extends market coverage with new hardware accelerated European Feed Handlers and Consolidated Book processing.

London, 18 March 2010 – Celoxica, experts in ultra-low latency trading and market data solutions, has extended market coverage to Europe by releasing feed handlers for the LSE, BATS Europe and Chi-X Europe. This follows success in delivering ultra low latency feed handlers for the US Equities, Options and Futures markets.

The European Feed Handlers provide normalized market data with full recovery and support both single market and consolidated order books (Superbook) with full depth and top of book. The new products, which can be implemented with multiple feeds on a single PCIe accelerator card, are currently being shipped to clients. Performance benchmarks have shown normalized market data being processed in under 5 microseconds with order book updates (from wire to entirely updated full depth order book in user space) taking only a further 4 to 9 microseconds.

Lee Staines, CEO of Celoxica said: “Celoxica is fast gaining a reputation for delivering unrivalled performance. Our accelerated solutions provide not only market data with the lowest latency available but also with a consistency in performance (zero jitter) that only our hardware-based technology can provide.”

About Celoxica

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.
– ends –

For additional information, contact:

Lee Staines, President Celoxica Inc
t: +44 207 313 3180 or +1 212 880 2075
Lee.Staines@www.celoxica.com

Press enquiries to:
Salli Roskilly Saffron Communications
t: +44 1763 208708
e: salli@saffroncoms.com