Colt Taps Celoxica for New Data Solution, Eyeing European Derivatives

apiColt Technology Services has continued developing its market data solutions, this time with a new feed for European Derivatives. The upgrade follows after an uptick in demand from Colt’s client base that has routinely expressed interest in its managed FPGA market data solution – the new solution will be powered by low latency solutions provider, Celoxica.

Colt’s new solution will entail the availability of market data feeds for European Derivatives, normalized with an FPGA (Field Programmable Gate Array). Its FPGA has been gaining traction in the industry since earlier this year, when Colt opted to roll out a new solutions suite, albeit geared towards capital markets in April.

Presently, Colt’s aggregated market data portfolio includes more than fifty feeds across exchanges and 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 venues for equities, derivatives, commodities, and FX.

Integrated API

This solutions development is important for Colt’s user base, as the integrated solution helps facilitate the ultra-low latency performance of FPGA technology all within Celoxica’s API, prompting its most recent upgrade.

“Capital Markets firms have to continually improve performance to retain their market share in a field where there is fierce competition. An FPGA-powered market data solution, combining ultra-low latency and flexibility without high upfront investment costs, is one way of doing this and a number of our customers have already expressed an interest in this type of service,” explained Andrew Housden, Vice President, Capital Markets at Colt.

As a provider of network and communications services for trading groups, Colt’s initiative to target European Derivatives with its new upgrade is also a nod to more deterministic options rather than software-based alternatives. In the derivatives space latency is paramount and the newly deployed hardware-based solution will look to give its users access to normalized low latency market data feeds.

Link to Eurex

Following the launch, the first content provider Colt will be connecting to, and by extension providing normalized data sourced from, will be Deutsche Börse CEF Ultra+ Eurex. It is this group that contains the Eurex derivatives instruments that will form the core element of its solution.

Colt’s decision to rely on Celoxica was also dictated by its user friendly API, which was seen as a strong asset. This interface will look to allow firms to consume the feed with minimal development time. This consequently pays cost dividends while also largely reducing time to market. The API-based approach will also safeguard customers against changes made on the Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term side.

Lee Staines, Global Head of Sales at Celoxica, commented on the integration: “The tight integration of Celoxica’s FPGA solution and user friendly API with Colt’s highly reliable infrastructure allows all types of trading firms to benefit from low latency market data processing, in a simple and cost effective manner, for both members and non-members of European Exchanges.”