Algo-Logic Systems, a recognized leader in providing hardware accelerated, deterministic, real-time, ultra low latency (ULL) solutions, announces the release of their latest CME Futures & Options (F&O) Order Book. Futures and options exchanges; market makers; hedge funds; and traders require real-time market data and knowledge of the best bid and ask prices for the instruments that they trade.
Algo-Logic Systems’ F&O Order Book is a Field Programmable Gate Array (FPGA) hardware accelerator for the futures and options trading markets implemented in FPGA logic. Algo-Logic’s single FPGA platform architecture achieves deterministic ultra low latency without jitter regardless of the number of tracked instruments at data rates of up to 10 Gbps.
The F&O Order Book can be integrated with CME Feed Handler; it has functions including A/B faster feed arbitration, multicast channel filter, UDP parser, and MDP3.0 parser. The CME Feed Handler receives MDP3.0 market data and rapidly processes it; then the F&O Order book updates and transfers Best Bid Offer (BBO) data in less than 100 nanoseconds. Integrating the F&O Order Book and Feed Handler with ULL 10GE PHY+MAC and 10G TCP Endpoint for order injection would provide a complete tick-to-trade solution, achieving sub-microsecond wire-to-wire latency.