Abstract: A trading system includes a server co-located at a financial exchange, a programmable logic device, a logic programmer, a user account that is accessible over a network connection a code storage device that stores code associated with the user account to be programmed into the programmable logic device and a network connection between the programmable logic device and a financial exchange. A method of programming a trading system connected to a financial exchange includes transmitting code to a server, storing code on a server, compiling the code and at least one code library by synthesizing logic elements and mapping logic elements to logic elements in a programmable logic device, and programming a programmable logic device connected to a financial exchange.