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Credit Suisse Hires Celoxica For Low-Latency Trading and Market Data

Celoxica announced a relationship with Credit Suisse to provide the investment bank with hardware accelerated trading and market data technology for the bank's next generation electronic trading platform.

Credit Suisse and Celoxica have agreed to implement and develop both existing market data solutions and new state-of-the art infrastructure to help address the growing need for high volume, deterministic trade processing capabilities as global markets continue to grow exponentially, according to the release.

"We are delighted to be selected by Credit Suisse for such an important program, " stated Lee Staines, Celoxica's CEO. "We view this as further validation of our vision and goal to deliver the fastest, most consistent, high performance products to the advanced trading community by applying hardware acceleration to trading and market data solutions. Furthermore, this will enable us to accelerate the development of our product roadmap and expand our global reach," he stated.

Celoxica focuses on ultra-low latency, market data and high frequency trading solutions for the global financial services industry. With headquarters in Abingdon, Oxfordshire and New York, Celoxica's solutions combined accelerated computing technology (hardware, firmware, software and APIs) with professional services to enable low-latency, high "throughput processing capabilities to traders in automated and electronic trading environments. Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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