HFT and FPGA-based trading systems

Vanderlei Bonato, ICMC/USP

The advance in computing technology allowed to have completely automated trading systems in the financial market, where algorithms are applied from data market analysis and risk management to order execution and routing. High Frequency Trading (HFT) is a kind of automated trading system where processing speed is a key factor for most trading strategies. This presentation brings an overview about trading systems, including aspects of HFT, and an analysis of current FPGA-based trading systems for real-time processing. Additionally, BM&FBOVESPA Puma trading system and Metatrader platform are presented.