IPC Systems has partnered with Celoxica to deliver an FPGA-powered low-latency normalised market data feed across all asset classes.
The joint solution will offer buy side, sell side, and financial markets application providers access to a single API multi-exchange, ultra-low latency, normalised market data service, delivered via a fully hosted environment at exchange colocation, proximity hosted, or customer specified sites.
The companies said it also furthers a deterministic trading approach whilst reducing overall operational complexity and overhead costs.
Specifically, they claim this benefits firms looking to manage risk with access to low-latency price discovery and proximity to key financial market locations, globally.
“Our partnership represents the next phase of IPC as a facilitator to the capital markets infrastructure and network services requirements,” says Alex Walker, global head of network data at IPC.
Walker adds, the partnership will start with the provision of the service to the derivative trading community in the US, UK and EU.
“We then intend to extend globally and across all major derivative venues as well as other asset classes. We are also already working together to deliver full-service risk/DMA platforms.
We expect this to continue with the intent to extend the service provision across the full trading stack – buy side for market data and the sell side for risk and execution.”
The partnership addresses a number of challenges that firms face when consuming low-latency market data from multiple markets, according to Lee Staines, global head of sales & client Services at Celoxica.
He notes, ‘By combining our FPGA feed handlers with IPC’s data centre technology, we are well-placed to provide clients with easy access to all market data, across multiple use cases and all market conditions, through a fully managed service and at the right price point.’’
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