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Ring the Trading Bell: Algo-Logic Unveils Pre-Trade Risk Check Solution Powered by Xilinx

Xilinx Employee
Xilinx Employee
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We love seeing our partners develop industry-first solutions with our technology and a prime example is today’s announcements from Algo-Logic, a provider of ultra-low latency trading solutions. At The Trading Show in Chicago, the company unveiled a new Pre-Trade Risk Check (PTRC) solution to verify Security and Exchange Commission (SEC) Rule 15c3-5 compliance. The industry leading FPGA-powered PTRC system can be deployed in industry-standard servers using our Alveo accelerator cards. It enables brokers and dealers to forward stock market orders from client machines to exchanges. Through an easy-to-use and secure Graphical User Interface, users can seamlessly configure a wide range of risk check parameters.

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What’s most impressive? By accelerating the algorithms and verifying that orders comply with SEC regulations using Xilinx FPGA logic, the PTRC solution enables compliance checks to be completed in less than a millionth of a second. Traditional software-based PTRC implementations add many microseconds to milliseconds of latency to order flow. However, Algo-Logic’s FPGA solution allows trading on 10 Gigabit/second Ethernet links to complete a series of comprehensive risk checks in well under one microsecond.  Additionally, unlike other in-house and vendor PTRC solutions that take short cuts and forward runt packets, Algo-Logic’s new solution never emits data to an exchange that it is not intended to receive.

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Since the Alveo portfolio launched last year, we’ve been collaborating with our application ecosystem partners to deliver production-deployable acceleration solutions based on Alveo to our customers. The Algo-Logic PTRC system is a great example of this and the power of the highly flexible and adaptable Alveo platform.

The Algo-Logic PTRC system is available now. It is configured to run on the Alveo U200 accelerator card and is qualified for a broad range of industry-standard servers. Additional information can be found in the press release. We’ll be showcasing the new PTRC solution at The Trading Show in Chicago on May 8-9. Stop by the Xilinx booth #102 or Algo-Logic booth #300 to check it out.

2 Comments
Newbie judith1
Newbie

Thank you for sharing though...Nicely written in simple and lucid language 

Newbie hooks20
Newbie

Wow..Such a nice and informative post...Made many doubts clear regarding tis function....Thank you so much