NVG Associates, Inc. Deploys World's Fastest Trading Engine

CARMEL, IN -- (Marketwired) -- Aug 05, 2013 -- NVG Associates has developed a new class of bump-in-the-wire trading engine for a private trading firm based in the Middle East. The system, named IBEDRS (In-Band Event Detection and Response System), continually monitors a 10Gb/S UDP data stream. When the desired combination of in-band events are satisfied the system responds by transmitting a TCP protocol order message block. The total latency from the beginning of the Ethernet frame containing the last triggering criteria to the completion of sending a single-frame TCP FIX 4.2 list order measured 987 nanoseconds.

NVG's proprietary Delta-V acceleration library provides the foundation for IBEDRS. NVG designed both the host processor application program and FPGA user-space logic with Impulse Accelerated Technology's CoDeveloper IDE using their Impulse-C language, with Solarflare's ApplicationOnload™ Engine (AOE) serving as the execution platform. NVG developed the application code on a Windows-7 system and deployed it to a server running CentOS 6.3.

"With a total latency of 987 nanoseconds we are unaware of any other trading engine with lower end-to-end latency," said NVG founder Nick Granny.

"Because the Solarflare ApplicationOnload Engine places application processing directly in the network path, it was the perfect low latency solution for NVG's bump-in-the-wire application," stated Bruce Tolley, vice president solutions marketing, Solarflare.

Additionally, new triggering and order placement criteria can be implemented using plain-text initialization files, greatly simplifying increases in IBEDRS utility. NVG delivers IBEDRS as a turnkey application executable using the QuickFIX C++ protocol engine integrated with the Delta-V library and the Solarflare AOE API.

The system annual license fee is based on the number of markets, securities/commodities, and triggering conditions needed to support the client's trading strategy. "Because our clients must disclose specifics of their trading strategy for us to develop a customized solution, we do not accept new clients who trade in the same securities/commodities as an existing client," added Granny.

The lead-time from purchase order to deployed system is 30 to 60 days based on the complexity of the trading strategy implemented. NVG Associates will be exhibiting with Impulse Accelerated at the Solarflare Custom Compute & Application Acceleration Summit in Chicago on August 6, 2013.

About NVG Associates
NVG Associates is a leading-edge provider of creative solutions focused on FPGA-based application acceleration and artificial intelligence systems serving both Federal and private sector customers in Defense, Intelligence, Financial Services, Information Security, Energy, and Life Sciences, both domestic and off-shore. NVG Associates is a Service Disabled Veteran Owned enterprise based in Carmel, IN USA.

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