Financial Technology

Financial Technology

November 30, 2011

Celoxica Introduces Hardware-Accelerated In-Line Risk Solution for Surveillance

To speed up and deterministic performance of trading applications in financial services companies, Celoxica, a provider of hardware accelerated low-footprint, high-efficiency market data, order execution and risk management solutions for high-frequency traders, has introduced its hardware-Accelerated In-Line Risk (AIR) management solution for brokers offering ultra-low latency sponsored access to U.S. markets.

According to a press release, Celoxica’s AIR pre-trade risk solution provides the full advantages of hardware-accelerated, low-footprint technology design while adding minimal latency for full compliance with the Securities and Exchange Commission’s Market Access Rule 15c3-5.

“We’ve put a significant amount of research and development during the last year into building an ultra-low latency, hardware accelerated pre-trade risk management solution with the goal being to eliminate the latency impact of Rule 15c3-5,” said Lee Staines, President at Celoxica. “Celoxica AIR already provides excellent performance and throughput and we have a program of enhancements scheduled which will provide additional latency, footprint and throughput benefits. We are committed to ensuring that AIR remains the lowest-latency pre-trade risk solution on the market.”

Rule 15c3-5 needs U.S. brokers to carry on extensive pre-trade risk management and credit checks on all client orders executing on U.S. exchanges and alternative trading venues.

The final deadline for compliance with the rule is Nov. 30, 2011.

Celoxica’s AIR solution offers lowest possible latency on pre-trade risk checks through the use of an embedded co-processor in the client’s application server. This unique offering offers the lowest possible latency by removing unnecessary network hops needed for cross-connect solutions. It also ensures full control for the sponsoring broker via the embedded FPGA.

 In other company news, TMCnet reported that Celoxica has deployed its ultra-low latency Container technology for futures trading on the Options PIPE platform.

Mandira Srivastava is a TMCnet contributor. She works as a full-time writer, ghostwriter and blogger, and has more than two years of experience in print and Web media. She has also worked on company brochures, website content and product descriptions, as well as proofreading and editing content. To read more of her articles, please visit her columnist page.

Edited by Rich Steeves

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