Colt unveils ultra-low latency market data solution powered by Celoxica

Colt Technology Services has unveiled market data feeds for European Derivatives normalised with an FPGA (Field Programmable Gate Array) solution powered by Celoxica.

In a market where latency is critical, this hardware-based solution gives members and non-members of various exchanges access to normalised low latency market data feeds in a faster and more deterministic manner than software-based alternatives.

The solution, offered as part of Colt’s market data portfolio, enables consistent, ultra-low latency performance through any market condition.

The first content provider Colt will be connecting to, and providing normalised data sourced from, is Deutsche Börse CEF Ultra+ Eurex, which contains the Eurex derivatives instruments.

A user friendly API, provided by Celoxica, enables firms to consume the feed with minimal development time, making this a cost-effective approach whilst significantly reducing time to market. The API-based approach will insulate customers against changes made on the exchange side. The API will be provided for C++, supporting multiple platforms like Windows and Linux, as well as for Java.

“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. At Colt, we thrive on setting a new standard in customer experience and our partnership with Celoxica is our latest example of providing highly relevant industry solutions,” said Andrew Housden, Vice President, Capital Markets at Colt.

Lee Staines, Global Head of Sales at Celoxica added: “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.”

Colt Capital Markets solutions offer market data feeds for major European, Asian and North American markets. Its market data portfolio includes more than 50 feeds from exchanges and liquidity venues for equities, derivatives, commodities and FX. The partnership with Celoxica complements Colt’s offering with an ultra-low latency FPGA-based solution for the Eurex market.