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: 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
Navigating the MarketAxess ICE storm
The Waters Wrap: Most of the discussion surrounding ICE’s MarketAxess buy has focused more on benefits for the front office than the data possibilities.
On vibe coding, no/low-code dev, and some potential misconceptions
The Waters Wrap: Is no-code/low-code even a thing anymore? Not really. But the companies that championed those terms just a few years ago tell Anthony they aren’t going anywhere.
SEC gunning to take over CAT in 2027
Chairman Atkins has plans for the SEC to run the Consolidated Audit Trail directly. Industry participants are split on the idea.
Rapid-fire repo raises hopes of cheaper, faster trading
Tokenized Treasuries piloted by DTCC could squash settlement cycles and enable 24/7 repo.
Stopgaps and fail-safes: How trading vendors guard against rogue AI agents
TradeStation’s newest trading tool, Titan-X, uses agentic tools to help plan, execute, and collect data on trades.
A tidal wave of token costs threatens landfall
Budgeting for AI was never “easy,” but as financial firms rely more heavily on agents, soaring token usage is forcing them to rethink the economics of modern enterprise AI.
Is this tokenization’s golden opportunity?
The Waters Wrap: More initiatives around tokenizing assets are coming to fruition. Nyela asks: Is the market ready?
EuroCTP wins again, Fanatics teams up with BGC, Clarity Act’s uncertain future, and more
The Waters Cooler: A recap of the major tech and data news from the past week in the capital markets.