Algo-Logic Systems Releases CME Futures & Options Order Book
- Provides F&O exchanges, market makers and traders with rapid processing and book building latency of less than 100 nanoseconds.
Algo-Logic Systems, a provider of Gateware Defined Networking products and solutions, has announced the release of its latest CME Futures & Options (F&O) Order Book. The F&O Order Book was created for futures and options exchanges, Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term, hedge funds and traders who require real-time market data and knowledge of the best bid and ask prices for the instruments they trade.
The company's products and solutions are used in the industry to lower latency in financial trading systems, increase packet throughput in datacenters and clouds and lower energy consumption for data processing in embedded systems.
Algo-Logic's F&O Order Book is a Field Programmable Gate Array (FPGA) hardware accelerator implemented in FPGA logic. Its single FPGA platform architecture achieves deterministic ultra low latency without jitter, regardless of the number of tracked instruments at data rates of up to 10 Gbps.
Algo-Logic Systems CME Futures & Options Order-Book diagram
The F&O Order Book can be integrated with CME Feed Handler and incorporates functions including A/B faster feed arbitration, multicast channel filter, UDP parser and MDP3.0 parser. The CME Feed Handler is capable of receiving MDP3.0 market data and rapidly processing, updating and transfering Best Bid Offer (BBO) data in less than 100 nanoseconds.
Furthermore, integrating the F&O Order Book and Feed Handler with ULL 10GE PHY+MAC and 10G TCP Endpoint for order injection allows for a complete tick-to-trade solution, achieving sub-microsecond wire-to-wire latency.
Algo-Logic's F&O Order Book use cases include high frequency market making that adds Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in fast moving markets, algorithmic trading systems requiring both complexity and nanosecond speed, low latency feed distributions allowing minimum bandwidth utilisation and profitable arbitrage opportunity discovery in the nanosecond timescale.
Algo-Logic Systems, a provider of Gateware Defined Networking products and solutions, has announced the release of its latest CME Futures & Options (F&O) Order Book. The F&O Order Book was created for futures and options exchanges, Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term, hedge funds and traders who require real-time market data and knowledge of the best bid and ask prices for the instruments they trade.
The company's products and solutions are used in the industry to lower latency in financial trading systems, increase packet throughput in datacenters and clouds and lower energy consumption for data processing in embedded systems.
Algo-Logic's F&O Order Book is a Field Programmable Gate Array (FPGA) hardware accelerator implemented in FPGA logic. Its single FPGA platform architecture achieves deterministic ultra low latency without jitter, regardless of the number of tracked instruments at data rates of up to 10 Gbps.
Algo-Logic Systems CME Futures & Options Order-Book diagram
The F&O Order Book can be integrated with CME Feed Handler and incorporates functions including A/B faster feed arbitration, multicast channel filter, UDP parser and MDP3.0 parser. The CME Feed Handler is capable of receiving MDP3.0 market data and rapidly processing, updating and transfering Best Bid Offer (BBO) data in less than 100 nanoseconds.
Furthermore, integrating the F&O Order Book and Feed Handler with ULL 10GE PHY+MAC and 10G TCP Endpoint for order injection allows for a complete tick-to-trade solution, achieving sub-microsecond wire-to-wire latency.
Algo-Logic's F&O Order Book use cases include high frequency market making that adds Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in fast moving markets, algorithmic trading systems requiring both complexity and nanosecond speed, low latency feed distributions allowing minimum bandwidth utilisation and profitable arbitrage opportunity discovery in the nanosecond timescale.