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Celoxica Launches Single-Server Container Solution for Futures HFT Strategies on the Options PIPE PlatformOct 13, 2011 (Close-Up Media via COMTEX) -- Options IT, the provider of the Options PIPE Private Financial Cloud services platform for the sellside and buyside, announced that Celoxica, a provider of hardware-accelerated low-footprint, high-efficiency market data and trading solutions for high-frequency traders, has deployed its ultra-low latency Container technology for futures trading on the Options PIPE platform. According to a release, trading firms looking to execute high-frequency trading strategies (HFT) on U.S. and European futures markets now have on-Demand access to a fully managed colocated solution through the Options PIPE Velocity private cloud service. The Celoxica single-server Container design provides a fully optimized, hardware-accelerated solution for HFT strategies by offloading processing onto FPGA cards and eliminating unnecessary network hops that persist in legacy trading environments. "There has been a notable increase over the last year in the level of high-frequency trading activity on the major U.S. and European futures markets as trade volumes and price volatility have created greater market opportunity," said Lee Staines, President at Celoxica. "We're delighted to be working with Options IT to offer trading firms a fully managed, cloud-based solution that provides the speed to market needed to capitalize on that opportunity." Nigel Kneafsey, CEO at Options IT, added: "As the race to reduce trading latency gets closer to zero by traditional measurements, firms will need new and innovative ways to remove further latency out of the stack. Celoxica's Container solution is a good example of such an innovation, and we're happy to work with them to provide it as a private-cloud deployed solution for executing HFT strategies across the U.S. and European futures markets." More information: www.celoxica.com www.options-it.com ((Comments on this story may be sent to [email protected])) |