Abstract: The present disclosure provides techniques and associated systems for low-latency integrated circuit-based feed handler circuits and multi-market order book consolidator circuits. In some embodiments, integrated circuit-based feed handler circuits described herein can be configured to store aggregate quantities of instruments and/or determine round-lot price levels in a parallel hardware configuration. In some embodiments, integrated circuit-based order book consolidator circuits described herein can be configured to determine consolidated prices across multiple market data feeds and/or for different groups of markets in parallel hardware configurations. According to various embodiments, aspects of the present disclosure can be implemented using one or more FPGAs, ASICs, and/or combinations thereof.

Abstract: Aspects of the present disclosure provide techniques for reducing latency in distributing market data from a first location to one or more other locations over a wired or wireless transmission line. Some embodiments provide techniques for transmitting market data messages at a data transfer rate less than or equal to a predetermined target data transfer rate. Some embodiments provide techniques for transmitting only the most recent updates for a particular financial instrument. Some embodiments provide techniques which reduce or eliminate the need to recover a packet lost over the transmission line. Some embodiments provide techniques for aggregating data from multiple updates for a particular financial instrument into a single message for transmitting.

Abstract: Aspects of the present disclosure provide techniques for reducing latency in distributing market data from a first location to one or more other locations over a wired or wireless transmission line. Some embodiments provide techniques for transmitting market data messages at a data transfer rate less than or equal to a predetermined target data transfer rate. Some embodiments provide techniques for transmitting only the most recent updates for a particular financial instrument. Some embodiments provide techniques which reduce or eliminate the need to recover a packet lost over the transmission line. Some embodiments provide techniques for aggregating data from multiple updates for a particular financial instrument into a single message for transmitting.

Abstract: High volume data processing systems and methods are provided to enable ultra-low latency processing and distribution of data. The systems and methods can be implemented to service primary trading houses where microsecond delays can significantly impact performance and value. According to one aspect, the systems and methods are configured to process data from a variety of market data sources in a variety of formats, while maintaining target latencies of less than 1 microsecond. A matrix of FPGA nodes is configured to provide ultra-low latencies while enabling deterministic and distributed processing. In some embodiments, the matrix can be configured to provide consistent latencies even during microburst conditions. Further book building operations (determination of current holdings and assets) can occur under ultra-low latency timing, providing for near instantaneous risk management, management, and execution processes, even under micro-burst conditions.

Abstract: High volume data processing systems and methods are provided to enable ultra-low latency processing and distribution of data. The systems and methods can be implemented to service primary trading houses where microsecond delays can significantly impact performance and value. According to one aspect, the systems and methods are configured to process data from a variety of market data sources in a variety of formats, while maintaining target latencies of less than 1 microsecond. A matrix of FPGA nodes is configured to provide ultra-low latencies while enabling deterministic and distributed processing. In some embodiments, the matrix can be configured to provide consistent latencies even during microburst conditions. Further book building operations (determination of current holdings and assets) can occur under ultra-low latency timing, providing for near instantaneous risk management, management, and execution processes, even under micro-burst conditions.

Abstract: High volume data processing systems and methods are provided to enable ultra-low latency processing and distribution of data. The systems and methods can be implemented to service primary trading houses where microsecond delays can significantly impact performance and value. According to one aspect, the systems and methods are configured to process data from a variety of market data sources in a variety of formats, while maintaining target latencies of less than 1 microsecond. A matrix of FPGA nodes is configured to provide ultra-low latencies while enabling deterministic and distributed processing. In some embodiments, the matrix can be configured to provide consistent latencies even during micro burst conditions. Further book building operations (determination of current holdings and assets) can occur under ultra-low latency timing, providing for near instantaneous risk management, management, and execution processes, even under microburst conditions.