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: https://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
Robeco tests credit tool built in Bloomberg’s Python platform
This follows the asset manager’s participation in Bloomberg’s Code Crunch hackathon in Singapore, alongside other firms including LGT Investment Bank and university students.
FCA eyes equities tape, OpenAI and Capco team up, prediction markets gain steam, and more
The Waters Cooler: More tokenization, Ediphy lawsuit updates, Rimes teams up with Databricks, and more in this week’s news roundup.
Buy-side data heads push being on ‘right side’ of GenAI
Data heads at Man Group and Systematica Investments explain how GenAI has transformed the quant research process.
Technology alone is not enough for Europe’s T+1 push
Testing will be a key component of a successful implementation. However, the respective taskforces have yet to release more details on the testing schedules.
MayStreet founder says LSEG abandoned integration in new court filing
In response to LSEG’s motion to dismiss a lawsuit filed by the founder of one of its acquired companies, lawyers for Patrick Flannery have offered more details around communications between MayStreet and the exchange group.
As outages spread, it’s time to rethink how we view infrastructure technology
Waters Wrap: First AWS and then Azure. And these are only the most recent of significant outages. Anthony says a change is needed when it comes to calculating server migrations.
LLM firms come for finance, BMLL gets bought, LSEG users get Preqin feeds, and more
The Waters Cooler: Tradeweb completes fully electronic RFM swaptions trade, IBM cashes in on digital asset mania, and more frights and delights in this week’s news roundup.
TMX’s CEO wonders if tokenization is a ‘solution looking for a problem’
While acknowledging the potential of tokenizing securities, John McKenzie said regulators shouldn’t move too fast, and let customer demand drive adoption.