The Gateway to Algorithmic and Automated Trading

Celoxica launches pre-trade risk surveillance solution

First Published 29th November 2011

Celoxica launches hardware-accelerated in-line risk (AIR) solution for pre-trade risk surveillance

Lee Staines, President, Celoxica

Lee Staines, President, Celoxica

"We are committed to ensuring that AIR remains the lowest-latency pre-trade risk solution on the market."

Celoxica, the provider of market data, order execution and risk management solutions, has announced the launch of its hardware-Accelerated In-Line Risk (AIR) management solution for brokers offering low latency sponsored access to U.S. markets.

Celoxica's AIR pre-trade risk solution aims to offer the full benefits of hardware-accelerated, low-footprint technology design while adding minimal latency for full compliance with the Securities and Exchange Commission's Market Access Rule 15c3-5. Commonly referred to as the "Naked Access" ban, Rule 15c3-5 requires U.S. brokers to conduct extensive pre-trade risk management and credit checks on all client orders executing on U.S. exchanges and alternative trading venues. The final deadline for compliance with the rule is Nov. 30, 2011.

Celoxica's AIR solution is intended to provide low latency on pre-trade risk checks through the use of an embedded co-processor in the client's application server. The offering aims to eliminate unnecessary network hops required for cross-connect solutions, and enable full control for the sponsoring broker via the embedded FPGA.

"We've put a significant amount of research and development during the last year into building an ultra-low latency, hardware accelerated pre-trade risk management solution with the goal being to eliminate the latency impact of Rule 15c3-5," said Lee Staines, President at Celoxica. "Celoxica AIR already provides excellent performance and throughput and we have a program of enhancements scheduled which will provide additional latency, footprint and throughput benefits. We are committed to ensuring that AIR remains the lowest-latency pre-trade risk solution on the market."

  • Copyright © Automated Trader Ltd 2018 - Strategies | Compliance | Technology

click here to return to the top of the page
content