Vela Launches Next Generation FPGA-Enabled Ticker Plant Appliance for US Equities
Summary
Vela’s latest FPGA-enabled Ticker Plant Appliance leverages a hybrid model with Enyx nxFeed handling the decoding, line arbitration, filtering, and full order management & book building in its FPGA card and Vela providing the normalization and distribution via its flagship SMDS feed-handler API. This unique blend delivers maximum capacity on a minimal footprint that is built on the latest generation commodity hardware. Jen Nayar, CEO at Vela, commented, “We don’t believe clients should have to compromise on performance to achieve scale, and our latest generation FPGA-enabled ticker plant delivers both, while also ensuring our clients are able to continue to streamline their operations and reduce total cost of ownership.” She continued, “Since we’re leveraging the smallest possible technology footprint, some of these markets – for example, all the major US equities – can be configured on a single appliance. With a passion for customer service and transparency, Enyx designs products made to deliver the next generation of technology, while maintaining accessibility and flexibility. Enyx offers global support to our clients worldwide with offices located in Paris, New York, Chicago and Hong Kong.