Field-programmable gate arrays (FPGAs) are being touted in certain circles as the next wave of technology in the financial services industry, gaining adherents for their ability to perform complex tasks at previously inconceivable speeds. However, with their high level of specificity and a number of drawbacks, are they 2012’s red herring in the making? By James Rundle
At the European Trading Architecture Summit, hosted by Waters in London at the end of last year, the acronym on every delegate’s lips was FPGA, or field-programmable gate array. Recent high-profile FPGA implementations by institutions such as Nomura and JPMorgan have drawn attention to the technology, which is able to perform complex mathematical tasks such as portfolio valuations in blisteringly...
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