Celoxica launches new product range and raises additional capital

Celoxica launches new product range and raises additional capital

London & New York, 17 May 2013 – Celoxica, a leading provider of ultra low latency market data, order entry and pre trade risk solutions for high frequency traders and brokers, today announced the latest extension to its hardware accelerated market data products with the launch of the Generic Book Accelerator or GBA product line for the US markets.

The GBA delivers unique performance advantage maintaining order books on an FPGA board and distributes the five best limits to consuming applications delivering deterministic wire to wire latency of 1 microsecond and eliminating performance spikes. Combined with GBA, Symbol Filtering also reduces the required system bandwidth ensuring only relevant market data is sent to consuming applications and therefore guarantees optimised memory and compute profile for subscribing applications and significant reductions in infrastructure cost.

Celoxica has also completed a $3m funding round, led by Oxford Capital Partners in the UK, and in which all existing institutional investors participated. This additional capital will be used to expand Celoxica’s sales and marketing presence in the US and Europe and for continued investment in the technology roadmap.

“In a market where margins are being continually squeezed and where performance remains of paramount importance, our goal is to deliver state-of-the art technology solutions that help our clients address these challenges whilst reducing their total cost of ownership,” said Jean Marc Bouhelier, Celoxica’s Chairman and CEO. “Celoxica’s ability to offer market data distribution on a single FPGA based card, utilizing standard servers and reducing collocation infrastructure, whilst ensuring the best possible performance, allows us to successfully meet these goals.

“Our sales and marketing expansion will ensure that more trading firms, banks and brokers are aware of how Celoxica’s unique and cost-effective offering can help them surmount and thrive through these industry trends.”

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

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