You're reading from Developing High-Frequency Trading Systems

Product typeBook

Published inJun 2022

PublisherPackt

ISBN-139781803242811

Edition1st Edition

Concepts

Financial Technology

Authors (3):

Sebastien Donadio

Sourav Ghosh

Romain Rossier

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Reducing latencies with FPGA

In this section, we will look at the Field Programmable Gate Array (FPGA), investigate the evolution of the fierce competition of speed in HFT, and then discuss the motivation for using FPGAs in modern HFT. We will also explore how an FPGA itself works, the design of an FPGA-based trading system, and the advantages and disadvantages of using FPGAs in HFT systems.

Evolution of the fierce competition of speed in HFT

As we have seen in this book, HFT has received a lot of attention, become extremely popular, and also grown to become a significant component of all financial market liquidity and trading. We have also seen that HFT (as the name implies) is all about speed/latency – the speed at which HFT systems and algorithms can analyze market data information, send order requests, and execute trades.

To summarize, latency refers to the total time to travel from one point to another for a data packet. However, specifically in trading, latency...

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Developing High-Frequency Trading Systems

Published in: Jun 2022Publisher: PacktISBN-13: 9781803242811

Authors (3)

Sebastien Donadio

Sebastien Donadio is the Chief Technology Officer at Tradair, responsible for leading the technology. He has a wide variety of professional experience, including being head of software engineering at HC Technologies, partner and technical director of a high-frequency FX firm, a quantitative trading strategy software developer at Sun Trading, working as project lead for the Department of Defense. He also has research experience with Bull SAS, and an IT Credit Risk Manager with Socit Gnrale while in France. He has taught various computer science courses for the past ten years in the University of Chicago, NYU and Columbia University. His main passion is technology but he is also a scuba diving instructor and an experienced rock-climber.
Read more about Sebastien Donadio

Sourav Ghosh

Sourav Ghosh has worked in several proprietary, high-frequency algorithmic trading firms over the last decade. He has built and deployed extremely low latency, high-throughput automated trading systems for trading exchanges around the world, across multiple asset classes. He specializes in statistical arbitrage market-making and pairs trading strategies with the most liquid global futures contracts. He is currently the vice president at an investment bank based in São Paulo, Brazil. He holds a master's in computer science from the University of Southern California. His areas of interest include computer architecture, FinTech, probability theory and stochastic processes, statistical learning and inference methods, and natural language processing.
Read more about Sourav Ghosh

Romain Rossier

Romain Rossier brings 19+ years of experience mostly as a Software Architect in the financial industry, specializing in low latency, high performance java software design and development. He is currently the Chief Architect for the HCTech FX Proprietary Trading engine. He also built and led the software development team at HCTech, where he oversaw and developed the HFT platform architecture for FX, Futures and Fixed Income. Prior to HCTech, Romain was Director of the Currenex lab where he led the team responsible for the development of the Currenex Intelligent Pricing System. Romain holds a Master of Science in Communication Systems from the Swiss Federal Institute of Technology in Lausanne.
Read more about Romain Rossier

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Reducing latencies with FPGA

Evolution of the fierce competition of speed in HFT

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