Algo-Logic Systems Launches Third Generation FPGA Accelerated CME Tick-To-Trade System

Santa Clara, California, May 10, 2017 – Algo-Logic Systems announces the release of their third generation Field Programmable Gate Array (FPGA) accelerated CME Group (CME, CBOT, COMEX, and NYMEX) Tick-To-Trade (T2T) System. The sub-microsecond trading solution is ideal for latency sensitive trading firms that need deterministic response times to market opportunities. The CME T2T System is built using Algo-Logic’s internally developed, pre-built FPGA IP cores that significantly reduce time-to-market. Unlike other FPGA accelerated trading systems, Algo-Logic’s T2T System supports multiple pre-built and customizable triggers as well as the ability to modify fields of an order in logic.

The breakthrough system can be used by traders and market makers to instantly react to changing market conditions by updating or cancelling quotes based on latency sensitive market data. The system can also be used to quickly modify legs of a spread and supplement existing complex trade strategies in software with logic in FPGA hardware.

Deep sub-microsecond wire-to-wire latency is achieved by performing all trade operations in FPGA logic. Operations offloaded to the FPGA include processing CME MDP 3.0 tick data on a 10 Gigabit/second (10G) Ethernet link by the integrated feed handler, building the CME Futures & Options (F&O) Order Book from incremental tick data, detecting trading opportunities, and placing trades in the form of FIX orders over the 10G TCP Endpoint. The system is implemented on a standard FPGA card that fits into a 1U rackmount server.

Read the full press release.