{"id":876493,"date":"2020-06-01T12:00:00","date_gmt":"2020-06-01T16:00:00","guid":{"rendered":"https:\/\/forums.xilinx.com\/t5\/Xilinx-Xclusive-Blog\/Time-is-Money-Xilinx-and-LDA-Technologies-Set-24-2-Nanosecond\/ba-p\/1112360"},"modified":"2020-06-01T12:00:00","modified_gmt":"2020-06-01T16:00:00","slug":"time-is-money-xilinx-and-lda-technologies-set-24-2-nanosecond-electronic-trading-world-record","status":"publish","type":"station","link":"https:\/\/platoaistream.net\/plato-data\/time-is-money-xilinx-and-lda-technologies-set-24-2-nanosecond-electronic-trading-world-record\/","title":{"rendered":"Time is Money: Xilinx and LDA Technologies Set 24.2 Nanosecond Electronic Trading World Record"},"content":{"rendered":"\n
Establishing a world record is one way of saying, \u201cThis is the best we can do as humans; now, let\u2019s all try to beat it.\u201d From baseball, and the Guinness Book to the Olympics, we are continually striving to lift more, jump higher, or move faster. In business, the ability to react and adapt more quickly than your competitor has value. In electronic trading, like no other market, they can precisely assign a dollar value to increases in speed. Faster compute speed can mean being first to the market, allowing a trader to be top in the order queue. Time is literally money, and in this highly competitive environment, every nanosecond counts. To put a fresh spin on the famous Gordon Gekko quote from the movie Wall Street\u2026\u201cSpeed is Good!\u201d <\/p>\n
<\/span><\/p>\n In 2017, electronic trading systems measured the network delay or latency between receiving a trade signal and processing the buy or sell order, also known as tick-to-trade time, often at just over a microsecond. These trading systems typically used ASIC-based Network Interface Cards (NICs) that support bypassing the operating system for trading application traffic and are built using off-the-shelf computer components.<\/span><\/p>\n Earlier in the decade, Solarflare (now part of Xilinx) filed several patents around a new method to reduce network latency, and these changes led to substantial improvements. So much so that several years ago the Securities Technology Analysis Center (STAC\u00ae), an organization that provides technology research and testing tools based on community-sourced standards, developed the new STAC-T0\u2122 benchmark. The STAC-T0 benchmark is modeled after fast trading markets like futures and equities and is the absolute measure of how fast a trading platform can respond to a signal from the market over Ethernet, before accounting for the time taken by the trading logic.<\/p>\n We recently teamed up with LDA Technologies on a mission to set a new STAC-T0 benchmark record. We\u2019re proud to announce that on May 21, 2020, STAC validated our STAC-T0 performance at a world record 24.2 nanoseconds*. For some perspective, 24.2 nanoseconds is equivalent to the time it takes a single photon of light to pass two parked cars.<\/p>\n \u201c25 nanosecond data in, data out latency for the Xilinx and LDA electronic trading platform allows our ultra-low latency Raptor FPGA pre-trade risk management solution to reach previously unheard-of latencies.\u201d \u2013 William Dallyn, Raptor, a product of Fusion Systems<\/p>\n When building a world-class trading system, you have to start with a substantial computational foundation, and in this case, its Lenovo\u2019s newly announced SR665 dual-socket server with a pair of AMD\u00ae EPYC\u2122 7742 Scalable (Rome) processors. It offers unmatched I\/O performance via 64 cores and 128 computational threads, clocked at up to 3.4 GHz, and you have a serious system for trading. It uses a Xilinx Onload\u00ae-enabled network adapter to connect with the exchange and set up the necessary TCP sessions.<\/p>\n