Avelacom to deploy LDA’s FPGA devices for HFT and algo trading

Rick Steves

Avelacom offers access to market data feeds across financial markets in London, Frankfurt, New York, Chicago and Tokyo and emerging markets in Eastern Europe, APAC, and Latin America.

Big Data represents the future of Risk Management

Avelacom has partnered with LDA Technologies to deploy FPGA-enabled devices across its network, which will result in lower latency, and improve HFT and algo trading firms’ performance.

LDA’s FPGA-enabled network devices perform extensive packet validation and switch in less than 50 nanoseconds, at least 3 times faster than conventional switches, while also improving the network efficiency by using innovative bandwidth management algorithms.

Avelacom will add these new hardware solutions in both its wireline and wireless networks to provide ultra-low latency exchange access and market data feeds across financial markets in London, Frankfurt, New York, Chicago and Tokyo and emerging markets in Eastern Europe, APAC, and Latin America.

Its deployment is likely to boost Avelacom’s competitive edge with market participants, especially the ones using high-frequency trading strategies, benefiting the most as market volatility increased volumes and competition.

Algorithmic trading strategies require nanosecond accuracy for market data and order entry transfer, such as needed by global market-making, arbitrage, and other high-performance trading desks.

Aleksey Larichev, Chief Executive Officer of Avelacom, said: “Avelacom’s aim has always been to deliver the highest network performance, using a combination of the shortest paths and in-hardware acceleration.

“This helps us to stand out as the leader in ultra-low latency solutions and meets the needs of global financial institutions that are trading across multiple trading venues and assets, and use latency sensitive strategies. We’ve launched our ultra-low latency solutions at a good time: with the growth of market volatility, our latency optimization is likely to be even more important.”

Vahan Sardaryan, Co-Founder and CEO of LDA Technologies, said: “Our FPGA-based hardware and IP are validated by professional trading community and known to provide the best-in-class latencies. Bandwidth management is a crucial part of any shared network, our solutions will help Avelacom to manage its network performance with the highest standards and lowest possible latencies, and create a huge potential for future technology upgrades.”

Read this next

Industry News

ASIC cancels/suspends AFS license of AFSL Group and Quantum Funds Management

ASIC canceled the AFS license of AFSL Group because it failed to lodge statements and audit reports and it did not maintain AFCA membership. The Australian regulator suspended Quantum because it does not have the required professional indemnity insurance coverage.

Executive Moves

BidX Markets hires Shaun French as Research Analyst – Multi Asset

“We believe with his background in the Financial Markets and being based in Dubai, he will be able to provide our clients with access to outstanding research, while also being in a great location to help support our international clients base which is growing at a rapid pace’’.

Institutional FX

Nasdaq migrates US options exchange to AWS with +10% performance in round-trip latency

Nasdaq has announced the successful migration of the core trading system of Nasdaq MRX – one of its six U.S. options exchanges – to Amazon Web Services (AWS).

Institutional FX

TraditionData launches oil swaps pricing data at a critical time in OTC oil traded markets

TraditionDATA has announced the release of a new proprietary Oil Swap Model (OSM) which brings further visibility into illiquid and opaque oil markets.

Technology

TNS connects to Tel Aviv Stock Exchange (TASE) as market data vendor

“This latest exchange connection allows TNS to provide access to approved recipients, including exchange members and market data vendors. This project includes market data for TASE’s equities and increases the number of market data feeds we now offer globally.”

Executive Moves

Cowen Digital taps ex-Blockchain.com Taylor S. Cable to lead Europe and Asia operation

“Cowen Digital is a pioneer in delivering institutional grade access to the digital asset ecosystem and I am very excited to join the team at this pivotal time to grow our presence in Europe and Asia.”

Industry News

ASIC sues American Express Australia for lack of TMD on credit cards

“ASIC has now taken multiple actions under the design and distribution regime, including issuing over 20 interim stop orders. This regime turned a new page in the regulation of financial products in Australia and is intended to deliver better outcomes for consumers. It is a priority for ASIC to maximize these increased protections and see the long-term benefits of the DDO regime realized.”

Institutional FX

Eurex reports mixed volumes for November 2022

Deutsche Börse’s derivatives-focused exchange, Eurex today said its total traded derivatives contracts grew by 10 percent in November, from 68.6 million to 75.3 million compared to the same month last year.

Digital Assets

AAX’s Nigerian customers storm local office amid withdrawal halt

According to the Nigerian media, angry consumers of the troubled crypto exchange AAX had stormed its local office hoping they can get their money back after the firm halted operations earlier in November.

<