FIA, Chicago, 20 October 2009 – Celoxica Ltd, an enabler of ultra-low latency trading and market data solutions exhibiting at FIA for the first time, says that exchanges and market participants need to look to new technologies to continue to develop lower latency architectures in an environment of exponential market data growth.
Lee Staines, chief executive officer of Celoxica observed “With the growth in messaging and volumes such as we are experiencing in the options market with the expansion of penny pricing, technology has become a key battleground. Success is increasingly determined by microsecond differences in reaction time and trading latency. Celoxica is at the forefront of new hardware-accelerated solutions providing consistently higher throughput than intrinsically slower software-only solutions which suffer degraded performance in faster markets and micro-bursts and need ever higher server capacity.”
Celoxica, whose goal is offer the fastest, most deterministic trading and market data solutions to the advanced trading community, has extended its hardware-accelerated solutions. Market Data Line Handlers now offer 3-5 microsecond latency (wire to RAM) irrespective of market speed or micro-bursts. Celoxica Market Data Feed Handlers offer sub-10 microsecond latency for order book processing with full market depth in client applications. Celoxica is also tackling the potential bottleneck of middleware by providing Accelerated Middleware and Distribution with sub-18 microsecond performance on a 1 Gigabit Ethernet Network.
Celoxica’s line handlers support all US high frequency equity, futures and options feeds and are being extended to include European feeds.
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