Market Data Capture

Before a trade can occur, before the algorithms can crunch the numbers, a system builds a market book to allow traders and algorithms to view the cross section of the relevant trading market.

Building and updating books requires that a high-throughput device:

  1. View all trading traffic coming from multiple exchanges in the protocol format used by each exchange (example, FIX ITCH or OUTCH), and
  2. Pick out the trade info that will be analyzed by financial algorithms to determine trends and anomalies that may offer trading opportunities.

The time it takes to build and update this book is time that delays a trade. For the big players in the financial markets, this is time they can’t afford.

Our Customers Trust Us to Deliver on Programmable Devices

That’s why they turn to New Wave Design & Verification for their FPGA needs. Our customers know they cannot lose a fraction of a second, and we provide the programmable logic devices to ensure success.

Market Data Capture Diagram

New Wave DV’s 10 Gigabit Ethernet PCI Express Cards provide all of the features necessary to implement a top-quality market data system. The throughput is near wire speed and the latency through the card is the lowest in the market.

Throughput is critical if the system is to keep up with the information coming from multiple exchanges. Filtering is critical to accept only the information relevant to the algorithm analyzing the markets, and latency is critical to ensure that overall the system performs faster than the competitors so your algorithmic analysis and subsequent trades are first into the trading queue.

New Wave DV provides best-of-class ultra low latency 10 Gigabit Ethernet FPGA cards enabled with an easy-to-use application development framework. Our team’s expertise comes from years of providing solutions for the financial markets. We deliver on time and on budget in an industry where every second and every penny makes or breaks a deal.

Contact New Wave DV for Programmable Devices for Trading

A high frequency trading FPGA is for serious competitors in a serious business. New Wave DV’s low latency trading technology can help you win more and win bigger. For information about programmable devices that suit your trading needs, view our FPGA offerings today.