The cost to build and maintain market data processing infrastructure using FGPA technology

The true cost of real-time market data infrastructure: Quantifying the build versus buy debate for capital markets firms (Part II)

Field-programmable gate array (FPGA)-based market data processing delivers best-in-class performance for ultra-low-latency trading environments. However, the engineering complexity, cost structure, and long time-to-market often make in-house FPGA development unsustainable for many capital markets firms.

This whitepaper quantifies the true cost of building and maintaining FPGA-based market datafeed handlers. Drawing from real-world benchmarks at a tier one global investment bank and vendor cost models from Exegy, the paper provides

a comprehensive breakdown of the total cost of ownership development effort and long-term support requirements. Exegy’s analysis is intended to support informed decision-making in the ongoing build versus buy debate.