Algo-Logic Systems Launches Fourth Generation FPGA Accelerated CME Tick-To- Trade System at the FIA Expo 2017

San Jose, California, October 11, 2017 – Algo-Logic Systems will announce the release of their fourth generation Field Programmable Gate Array (FPGA) accelerated CME Group (CME, CBOT, COMEX, and NYMEX) Tick-To-Trade (T2T) System at the FIA Expo October 17th through the 19th, 2017 in Chicago, Illinois. The sub-microsecond trading solution is ideal for latency sensitive trading firms that need deterministic response times to market opportunities. The CME T2T System 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 4th gen T2T System supports multiple new pre-built triggers for mass quote cancel, mass action request, and hedging as well as the ability to modify order fields in FPGA Logic. At the FIA Expo, software partner Rival Systems will demonstrate the Rival Electronic Eye, Auto-Quoter, and Rival API that leverage Algo-Logic’s accelerated mass-quote cancel trigger.

The breakthrough system can be used by traders and market makers to instantly react to changing market conditions by updating or cancelling quotes based on latency sensitive market data. The system can also be used to quickly modify legs of a spread and supplement existing complex trade strategies in 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 integrated feed handler, building the 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.