It's All About the Silicon

A few jobs ago, I covered the use of IT in manufacturing, and when I moved over to financial technology, I thought that I would never have to write another story about field programmable logic devices (FPLDs), supervisory control and data acquisition (SCADA) platforms or real-time operating systems. How wrong I was.
It seems that the IT needs of the two industries are actually converging, but from different directions. Where manufacturing controls are evolving to add more intelligence to their performance-focused missions, the financial services industry is stripping down the functionality of general performance computing environments to get the best performance out of its systems.
I doubt that financial technologists will ever tweak their smart order-routers or low-latency gateways with screwdrivers and voltmeters, as it's done on the factory floor, but compute appliances for purpose-built functions are becoming more and more popular.
Take, for example, an announcement this week from co-location service provider Fitnetix about its iX-ecute programmable logic device (PLD), which is supposed to provide pre-trade risk checks in less than 8 microseconds, according to press reports.
To get single-digit microsecond performance, the process can't be done in software anymore—it has to be burned into silicon.
While the trend in general computing has been moving toward higher levels of abstraction in programming, performance computing is moving directly in the opposite direction, and knowledge of chip design and low-level programming will be the major skill sets in demand.
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
M&A activity, syndicated loans, a new tariff tool, and more
The Waters Cooler: LSEG and LeveL Markets partner for new order type, QuantHouse gets sold to Baha Tech, and Fitch Ratings has a new interactive tool in this week’s news roundup.
Nasdaq, AWS offer cloud exchange in a box for regional venues
The companies will leverage the experience gained from their relationship to provide an expanded range of services, including cloud and AI capabilities, to other market operators.
Bank of America reduces, reuses, and recycles tech for markets division
Voice of the CTO: When it comes to the old build, buy, or borrow debate, Ashok Krishnan and his team are increasingly leaning into repurposing tech that is tried and true.
Crypto exchange EDX takes its tech into its own hands
The crypto exchange and clearinghouse, founded in 2022 by industry heavyweights, has built out its technology to meet the needs of the institutional market. In the process, it has learned important lessons about partnering with vendors, building in-house, and, ultimately, control.
FCA sets up shop in US, asset managers collab, M&A heats up, and more
The Waters Cooler: Nasdaq and Bruce ATS partner for overnight market data, Osttra gets sold to KKR, and the SEC takes on DOGE in this week’s news roundup.
EMS vendors address FX options workflow bottlenecks
Volatility is driving more buy-side interest in automating exercises and allocations.
BNP Paribas explores GenAI for securities services business
The bank recently released a new web app for its client portal to modernize its tech stack.
Treasury selloff challenges back-office systems, datafeeds
FIS and Trading Technologies suffered downtime during peak activity.