Celoxica Holdings plc (AIM: CXA) - which is at the forefront of accelerated and low-latency computing solutions, today announces the securing of a contract which will see the deployment of a Celoxica accelerated computing solution at Nyse Euronext.
Under the terms of the contract, Celoxica's Market Data Accelerator, will be incorporated into NYSE Euronext's network infrastructure and will enhance the monitoring of market data feeds.
With capital markets continuing to experience ever growing market data volumes, the need for monitoring tools to be able to handle current market data volumes and have the capability of processing significant additional volumes is vital. Celoxica's Accelerator for Market Data Capture helps to meet this need by providing both ultra-high capacity for processing volumes while achieving ultra-low single digit microsecond latency.
Lee Staines, CEO of Celoxica commented, "For an organisation such as NYSE Euronext to approve and implement our solution is a fantastic endorsement of our technology, and proves that it can provide a quantifiable benefit for companies whose business revolves around data flows emanating from stock exchanges. It is also a result of a focused strategy to address the financial services sector which we believe represents a significant opportunity for the Company going forward."
The product is designed to integrate simply with existing infrastructure and is offered on standard servers through standard programming interfaces. Architected solutions are designed to easily take advantage of future developments in accelerated computing as well as the investments of the major players in the chip and server market. Celoxica's accelerator can process 10 million messages per second, which provides capability for market data volumes expected in and beyond 2009.