The Future Is in the Cards

I've wondered over the last few weeks what is in store for the humble CPU as the use of low-latency trading continues to grow. At several industry events, I've heard that everyone is trying to push as much work off the CPU as possible in order to reduce latency.
Many financial technologists are talking about adopting one of the many field-programmable gate arrays (FPGA) from a number of vendors, or graphical processing units (GPUs) from Nvidia. The biggest challenge with these alternative processors is that they use obscure and proprietary programming languages, and finding the staff with the knowledge and talent to get the most out of these platforms is hard, and they are expensive to keep.
However, there are some interesting developments on the horizon. Processor maker Intel is exploring a way to deliver additional processors on separate cards to take some of the workload off the CPU. At the same time, Microsoft is in the midst of Project Kiwi, which aims to make reconfigurable computing platforms like FPGAs more accessible to mainstream programmers.
If these vendors successfully opened up these card-based processors to a wider base of programmers, I predict their adoption would shoot through the roof. But it will be at least 12 to 18 months before we see products from the vendors.
For a long time, the release cycles of these alternative computing platforms seemed 180 degrees out of sync with the mainstream processors. When users had pushed their existing CPUs to the limit, many would turn to cards and appliances to get an added performance boost until the next generation of CPUs hit the market. With the major processors backing the new architecture, this release cycle could soon change.
Send me your thoughts on the topic at rob.daly@incisivemedia.com
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Nasdaq looks to Thailand, Broadridge grows patent portfolio, GenAI concerns, and more
The Waters Cooler: MarketAxess gains majority control of RFQ consortium, the Bloomberg Terminal integrates with BNP’s Exane, and Isda extends reg reporting support to new Canadian rules in this week’s news roundup.
Growing pains: Why good data and fortitude are crucial for banks’ tech projects
The IMD Wrap: Max examines recent WatersTechnology deep dives into long-term technology projects at several firms and the role data plays in those efforts.
Overnight trading gets another boost with deal between FactSet’s LiquidityBook and Blue Ocean
FactSet’s recently acquired LiquidityBook OMS will grant buy-side clients access to overnight trading on Blue Ocean.
Optiver relies on BMLL market data for quant strategy
The market-maker has built its trading business on top of BMLL’s Level 3 data. But the collaboration is young, and the pair have grand plans to make options the next quant frontier.
Bloomberg expands IBVAL; the SIPs and 24/5 trading; Broadridge’s agentic play, and more
The Waters Cooler: State Street embraces interop, Citi’s CIO outlines the XiNG risk platform, power companies explore alternative nuclear supply options to datacenters, and more.
State Street’s interop play for FX and easing technical debt
Waters Wrap: About six years ago, State Street partnered with Interop.io to tie together its GlobalLINK suite of platforms. Anthony explores how this plays into the “reuse” mantra.
LSEG-AWS extend partnership, Deutsche Bank’s AI plans, GenAI (and regular AI) concerns, and more
The Waters Cooler: Nasdaq and MTFs bicker about data fees, Craig Donohue to take the reins at Cboe, and Clearwater closes its Beacon deal, in this week’s news roundup.
From server farms to actual farms, ‘reuse and recycle’ is a winning strategy
The IMD Wrap: Max looks at the innovative ways that capital markets are applying the principles of “reduce, reuse, and recycle” to promote efficiency and keep datacenters running.