This example is a broker of US equity markets offering equity execution for its institutional and hedge fund client base.

Background

This example client required ultra-low latency access to the main US equity exchanges combined with a Smart Order Router (SOR) to provide their clients with their own dedicated trading infrastructure.

Solution

Celoxica’s hardware accelerated ‘one-box’ US Equity Market Container™ enables:

Hardware accelerated market data feeds for the US equity exchanges, including the regulatory feeds CQS and CTS

Symbol Filtering: The ability to filter and then pass only the relevant symbols for further processing, so the load on the client systems could be significantly reduced, delivering a more consistent and higher performance

Full depth order books: with recovery appropriate for High Frequency Trading

A consolidated order book across the equity exchanges, allowing for an instant liquidity overview to serve as the decision maker for their Smart Order Router

Fully deterministic performance of sub-15 microseconds from the wire to availability in user memory (for use within a trading applications).
For execution the broker utilized their own Trading Applications and Smart Order Router (“SOR”) running on the same server

Hardware accelerated market access (exchange adapters) to route orders to the relevant exchange and receive instant fills with sub-15 microsecond latency (from user space to wire)

One Box Solution with the entire infrastructure, market data feeds/clients strategy and execution, was offered in one single server, minimizing latency as well as providing a smaller footprint and easily scalable solution.

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