High Frequency Low Latency Traders boosted by Chronos and CFN tie up

Thursday, 04/08/2011 | 08:57 GMT by Adil Siddiqui

High frequency traders using Chronos's Zardoz platform can now take advantage ulatr low latency trading with the offering of CFN's Alpha platform. The partnership means Chronos' sub-five microsecond tick-to-trade algorithmic trading suite, Zardoz, is hosted on CFN’s Alpha Platform™.

High Frequency Low Latency Traders boosted by Chronos and CFN tie up

High frequency traders using Chronos's Zardoz platform can now take advantage of ultra low latency trading with the offering of CFN's Alpha platform. The partnership means Chronos' sub-five microsecond tick-to-trade algorithmic trading suite, Zardoz, is hosted on CFN’s Alpha Platform™.

Chronos' 64 core Tilera-based Zardoz trading suite provides trading firms highest performance processing along with the ability to execute real-time onboarding. By leveraging the Alpha Platform, Chronos jump-starts ultra-low-latency delivery of the Zardoz platform.

Zardoz is available as a standalone proximity hosted trading system or, via the Alpha Alliance, integrated with applications and services from other Alliance partners. Deploying Zardoz with other alliance partner solutions is seamless on the Alpha Platform, matching leading edge technology with the highest performance market data delivery and trade Execution worldwide.

“Time is money in the trading arena, whether you are measuring time to market, tick-to-trade times, or latency between Liquidity pools,” said Baiju Bhatt, CEO of Chronos Research. “Implementing our Zardoz ultra-low latency trading system on the Alpha Platform ensures we deliver best-in-class speed across all three."

Key features of the Zardoz system include:

Total wire-to-wire latency of less than 5 microseconds

1.5 microsecond market data normalization and order book construction
2.7 microsecond strategy-to-wire latency
Fully featured back-testing environment
Integrated suite of compliance software and pre-trade risk filtering tools
Strategies can be deployed in C/C++, Python, and more
Over 128 cores of computing power in a 1U footprint
Utilizes less than 500 watts of power

“Enabling high performance systems like Zardoz on the Alpha Platform further extends our commitment to delivering leading edge applications to an expanded range of traders,” said Mark Casey, President and CEO of CFN Services. ”Trading teams launching new operations keep startup costs down while accelerating their timeline to live trading, whereas established firms quickly and cost effectively extend to new geographies and asset classes. We’re excited to bring Chronos Research's offerings to the global electronic trading market as part of the Alpha Alliance.”

Chronos has been strong in the FX space with single and multi bank platforms suppotting its services, including FX ECNs such as; HotSpot, Currenex, FXall, Oanda, Baxter FX, Frontier FX, Gain Capital, Advanced Markets, Quantum FX (Alpari), Saxo Bank, EBS and the worlds largest FX Banks: Barclays, Credit Suisse, JPMorgan, Citi, Goldman, UBS, Morgan Stanley, Nomura, BNP, Commerzbank, GTX, FCStone, Virtu Financial, RBS, SocGen, BofA, HSBC and Deutsche Bank.

About Chronos Research

Chronos Research is a leading provider of turnkey high-frequency trading platforms and is committed to remain at the forefront of low latency financial software and hardware development. Chronos Research's core offering, Zardoz, is a software suite that boasts sub five-microsecond tick-to-trade times and fully featured back-testing and compliance modules. For more information https://www.chronosresearch.com

About CFN Services in the Global Financial Markets

CFN Services is a leading provider of managed high-frequency trading enablement services, providing solutions that accelerate market data delivery and trade execution for some of the most sophisticated financial markets participants worldwide. CFN Services operates the low-latency Alpha Platform™, a high performance global cloud that accelerates trading performance for automated traders across key liquidity venues in the equities, options, futures, derivatives, and FX markets. For more information https://www.cfnservices.com/Partner-Channel/alpha-alliance.html

About CFN Services

CFN Services provides high performance network and application delivery solutions for real-time, mission critical applications. Leveraging FiberSource®, a global network optimization platform, CFN Services builds low-latency private cloud solutions to solve the performance challenges of latency and jitter in distributed IT environments. Whether the application and data are dispersed across town or around the globe, CFN Services deploys turnkey solutions within and between public and private data centers in North and South America, Europe, and Asia.