QuantHouse added Enyx to its API ecosystem. Enyx provides low latency FPGA-based market data and order execution systems to trading firms. FPGAs (field programmable gate arrays) are generally considered esoteric because of significant barriers to adoption of hardware acceleration, but also worth it for many firms because hardware implementation of algorithms is always faster than software.
FPGAs are also deterministic, which means consistent latency throughout trading architectures for every transaction, and often underpin real-time systems. Enyx and QuantHouse are doing FPGA accelerated hardware as a service that interfaces directly with existing trading applications via either of their APIs.
The initial rollout is at the Hong Kong Exchange’s securities and derivatives segments with colocation services at Hong Kong Exchange data center. Arthur Tricoire, managing director for the APAC unit at QuantHouse said in a statement: “The wider adoption of automated trading in APAC is driving a growing appetite among quant teams for innovative trading solutions. We look forward to expanding this solution to our wider community in response to demand for continuously improved determinism and lower latencies,” he added.