Sub-microsecond Trading Systems
- ICE iMpact Front End
- CME MDP3 Front End
- FIX4/5 Integration
- Embedded µFIX™
- HP Proliant DL380 Chassis
- Factory Customization
- Red Hat or CentOS
- Multiple order templates
- Business rules trigger engine
- Host interface and frame updater modules
- Stack updater, Port monitor and System Configuration utilities
Gunslinger HFT is a low-latency semi-custom trading appliance built on-top of the Solarflare ApplicationOnload Engine™. Using in-band event detection technologies originally developed by our science/engineering staff for the US Department of Defense, the appliance concurrently monitors two 10Gb/s market data feeds parsing messages in real-time and passing the critical content to the business rules engine. Easily customized for the client’s specific needs, the business rules engine applies pattern matching methods, also originally developed for defense applications, to the real-time critical content producing one or more triggers for the response logic. Based on the trigger signal payload, the response logic can select one or more TCP response message templates filling in the variable data (such as FIX sequence number, quantities, prices, TCP SEQ/ACK and other overhead) as they are pushed onto the wire.
The system is engineered to be a trading appliance. While it necessarily requires some customization to correctly realize the client’s trading strategy in FPGA logic, the nature and scope of the customization is limited and maintains the system’s overall affordability. Variable data to the system is provided by the client’s existing trading platform and by a simple boot-time configuration file. With the optional embedded MiniFIX™ housekeeping engine, the entire system can operate autonomously while the host trading platform concentrates on strategy synthesis only providing updates to the message templates as strategy changes.
The system may be purchased outright or acquired on a monthly rental program. You are only obligated for the customization fee and first two months rental. After that, if the system (or your strategy) does not meet expectations you may return the system and cancel the rental agreement. Currently libraries exist for ICE and CME but any other exchange can be used. Gunslinger can generally be deployed in 6 - 12 weeks.
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