Celoxica Adds Eurex Feed Handlers to Ticker Plant

The vendor has added support for the Eurex Enhanced Market Data Interface (EMDI) feed─which disseminates real-time streaming data to 20 levels of depth for benchmark futures, five levels of depth for index options, and three levels for all other options─as well as the exchange's Enhanced Order Book Interface (EOBI), a binary feed that provides full order book data.

Celoxica's CTP is a hybrid software and hardware-accelerated service. The vendor consumes the EMDI and EOBI feeds directly from the Eurex Exchange, then normalizes the data and publishes it to clients via a single server leveraging FPGA card technology.

The ticker plant enables clients to receive data with low single-digit microsecond latency, but also reduces their datacenter footprint, says Lee Staines, global head of sales at Celoxica.

"Performance and latency are still important, but service levels and technology footprints are important as well, so we feel we've addressed all those needs. We deliver data from Eurex very fast, and you can get the whole of the market on a single server," he adds. "We find more and more firms are using FPGA who don't want to invest in their own resources, and we've commoditized that technology so it's as low-cost as alternative software-only solutions."

Celoxica chose to add Eurex as the first European feed on its ticker plant because the venue is one of the largest and most liquid derivatives exchanges in the world. The feeds are likely to appeal to algorithmic and automated traders looking to consume market data as efficiently and effectively as possible, Staines says.

"Anyone executing trading strategies wants to receive data consistently, and if they can access feeds via a normalized API it makes life easier as they can code once and then have access to multiple markets," Staines says.

Until now, Celoxica only provided European market data via its embedded FPGA offering, which incorporates market data and firms' trading strategies on the same FPGA card. Officials say adding Eurex to the ticker plant will extend the vendor's reach further into firms' enterprises-such as for use in traditional ticker and multicast applications.