IPC, Celoxica, Unite for Market Data Offering
Posted by Colin Lambert. Last updated: April 19, 2023
Trading infrastructure provider IPC Systems has partnered with data solution provider Celoxica to deliver a FPGA-powered low latency normalised market data feed across all asset classes.
The firms say the combined solution will provide access to a single API multi exchange normalised market data service in a fully hosted environment at exchange co-location, proximity or customer specified site. They add it also furthers a deterministic trading approach whilst reducing overall operational complexity and overhead costs. Specifically, they claim this benefits firms looking to manage risk with access to low-latency price discovery and proximity to key financial market locations, globally.
“Our partnership represents the next phase of IPC as a facilitator to the capital markets infrastructure and network services requirements,” says Alex Walker, global head of network data at IPC. “We are pleased to provide a low latency deterministic market data offering to our capital markets community to make it easier for firms to consume data from multiple markets while taking advantage of the benefits of a managed service provider.”
Lee Staines, global head of sales and client services at Celoxica, adds, ‘By combining our FPGA feed handlers with IPC’s data centre technology, we are well-placed to provide clients with easy access to all market data, across multiple use cases and all market conditions, through a fully managed service and at the right price point.’’