|[June 24, 2014]
Argon Design's Ultra-low Latency HFT Options Trading System Goes Live
CAMBRIDGE, England --(Business Wire)--
Argon Design, a design services company specializing in complex
digital systems announced today that it has developed an ultra-low
latency financial trading system for a proprietary trading house doing
latency arbitrage on one of the leading exchanges in the Americas.
The full trading platform which includes functions from real time market
data ingestion through algorithm support to FIX-based order placement
went live in May 2014. It builds on the groundbreaking results Argon
announced in September 2013 for high performance trading using a hybrid
design of FPGA and x86 technologies. This combines fast paths
implemented in FPGA to give nanosecond level tick-to-trade responses to
key events together with opportunity setup, parameter determination and
system management on a high-performance x86 server.
The best of breed hardware comprises a Supermicro Hyper-Speed server
with Dual Intel (News - Alert) Xeon E5 processors assembled and supplied by Bios IT, as
well as an Arista 7124FX switch with integrated Stratix V FPGA.
The FPGA logic uses a number of optimization techniques developed by
Argon to maxmize the speed advantage. These include in-line parsing,
pre-emption, inference and gateway arbitration. To power the various
inference techniques, the FPGA includes complex logic to build and
maintain order books and statistics. FAST (News - Alert)/FIX parsing is done in at most
64ns, and order book building is completed in 32ns. For the lowest
latency network interfaces, the system uses Tamba Networks' terminal
latency 1G MAC.
The managing partner of the trading house commented "As exchanges become
more deterministic, it is important to have a platform that gives a
speed advantage as well as smart trading strategies. The Argon system
has given us that edge."
Steve Barlow, CTO of Argon Design commented "High performance trading
continues to be active across worldwide markets. As it arguably becomes
more niche, to win will need access to both high performance
technologies and the skills to select and assemble the necessary parts.
At Argon we believe in the detail of specialized engineering - every
client is different and hence we develop bespoke systems which give the
About Argon Design
Argon Design was founded in 2009 and operates at the heart of the
world-renowned Cambridge Technology Cluster with access to the markets'
leading intellect. In the financial trading sector, Argon Design assists
in-house teams by providing specialist skills or additional resources
for projects as well as complete bespoke designs in areas such as:
� Heterogeneous hardware and software system architecture
� Appliance design and production
� FPGA-based development/programming
� Many-core processor hardware and software design using Tilera, Intel
� Network processing
� GPU development/programming and OpenCL
For further information please visit: http://www.argondesign.com.
[ InfoTech Spotlight's Homepage ]