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Algo-Logic Systems Introduces Ultra-low-latency Tick-to-Trade System with Advanced Turbo Spreader at the FIA Expo 2018
[October 10, 2018]

Algo-Logic Systems Introduces Ultra-low-latency Tick-to-Trade System with Advanced Turbo Spreader at the FIA Expo 2018


SAN JOSE, Calif., Oct. 10, 2018 /PRNewswire/ -- Algo-Logic Systems introduces their Field Programmable Gate Array (FPGA) accelerated Tick-To-Trade (T2T) System with advanced Turbo Spreader functionality for Futures and Options trading at the upcoming FIA Expo 2018 on Wednesday October 17th and Thursday October 18th at the Hilton Chicago.  The sub-microsecond futures and options trading solution is ideal for latency sensitive trading firms that need deterministic response times to capture market opportunities. The T2T System with Turbo Spreader is built using Algo-Logic's internally developed, pre-built FPGA IP cores that significantly reduce time-to-market.  Unlike other FPGA accelerated trading systems, Algo-Logic's T2T System with advanced Turbo Spreader also supports pre-built triggers for mass quote cancel and on fill trigger(s) as well as the ability to instantly modify order fields in FPGA Logic.

Tick-to-Trade System with Advanced Turbo Spreader

The world-class T2T system with advanced Turbo Spreader can be used by traders and market makers to instantly react to new market opportunities by updating or cancelling quote orders  based on latency sensitive market data. The system can also be used to quickly modify multi-leg of spreads and supplement existing complex trade strategies in host software with logic in FPGA hardware.

Deep sub-microsecond wire-to-wire latency is achieved by processing CME MDP 3.0 tick data on a 10 Gigabit/second (10G) Ethernet link by the integrate feed handler, building the ultra-low-latency CME Futures & Options (F&O) Order Book from incremental tick data, detecting trading opportunities, and placing trades in the form of FIX orders over the 10G TCP Endpoint in FPGA Logic. The system is implemented on a standard FPGA card that fits into a 1U rackmount server.



The T2T System with advanced Turbo Spreader is seamlessly managed through software Application Programming Interface (API).  A low latency C++ software API allows traders and market makers to specify trigger conditions and preload orders into the FPGA. Device parameters, system status, log messages, and event notifications can be monitored from a Graphical User Interface (GUI) or RESTful APIs. Components of Algo-Logic's T2T System with Turbo Spreader include:

T2T System Customizable Triggers in FPGA Logic:


  • Advanced Turbo Spreader:
    • Multi-leg turbo spreading, quote cancel, and on fill triggers
    • Up to two configurable lean legs with full support for quoting one or two leg of a spread or strategy
    • Up to four quoting configurations allowing independent and simultaneous quoting instances
    • Support for CME products with up to 9 decimals of price precision
    • Single API call to inject preloaded quote or hedge order with modified price, quantity, and order IDs
    • Auto-reload enables multiple hedges and quotes to be sent using pre-loaded FIX order
    • Allows trading on multiple instruments with simultaneous multi-leg strategies
  • Quote Cancellation: Ultra-low-latency mass quote cancellation by product, instrument group, or each instrument
  • On fill trigger: Instantly reacts to market data or order fill, whichever comes first, to trigger response order(s)

About Algo-Logic Systems:

Algo-Logic Systems Inc., is the recognized leader of Gateware Defined Networking® products and solutions.  Algo-Logic's GDN runs on off-the shelf FPGA platforms.  The pre-built applications include software APIs to make them easy to use and deploy.

T2T Product Configurations:  Custom built T2T system, affordable T2T lease licensing model, or T2T with OMS hybrid trading platform

Price and availability:  Available Now.  Info: Email sales@algo-logic.com , Call: (408) 707-3747, or Visit: www.algo-logic.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/algo-logic-systems-introduces-ultra-low-latency-tick-to-trade-system-with-advanced-turbo-spreader-at-the-fia-expo-2018-300728424.html

SOURCE Algo-Logic Systems


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