CFN and xCelor employ microwave for low latency data
First Published 19th June 2012
CFN Services and xCelor utilise Altera FPGA based technology to bring microwave delivery to the Alpha Platform
Mark Casey, President and CEO, CFN Services
"Microwave holds considerable promise as an emerging low-latency technology, but its complexity is a level beyond fiber."
New York - CFN Services the provider of managed automated trading enablement services, and xCelor, developer of the ultra-low-latency FPGA based Market Feed Handler (MFH), have announced the availability of market data delivery and trade execution for US equities markets delivered via microwave on the Alpha Platform.
According to xCelor and CFN Services while microwave transport technologies offer the advantages of lower latency versus traditional fiber transport, there are a number of limitations including bandwidth and availability, which they intend to address.
"There has been a lot of buzz as well as misinformation around the deployment of microwave," said Mark Casey, President and CEO of CFN Services. "Microwave holds considerable promise as an emerging low-latency technology, but its complexity is a level beyond fiber. We've partnered with xCelor to reduce the complexity and cost of using microwave for market data delivery and trade execution."
The technologies for microwave transport are vastly different than fiber, say the vendors, even within the microwave transport domain, different technologies and radio frequencies (RF) are necessary for connecting trading venues within the trading markets of New York and New Jersey, compared with connecting those markets to Chicago, Toronto, or other distant markets. The Alpha Platfor, it is claimed, will leverage embedded proprietary technology from xCelor to support simultaneous active data paths and manage the complex failover from microwave to fiber.
"We've built our Market Feed Handlers on the latest Altera FPGA technology and proved them out in some of the most demanding HFT environments," said Robert Walker, CTO of xCelor. "We're excited about our partnership with CFN Services to leverage the next generation of our technology to enable microwave based DMA on the Alpha Platform."
The xCelor MFH technology is currently in production on the four major US electronic equities markets, with the Chicago markets slated for later in the second half of the year.