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.