High-Frequency Trading
Everyone is fast. Not everyone is deterministic. Jitter, latency spikes, and unpredictable execution times cost trades. FPGA eliminates them at the source.
Built for the realities of modern electronic trading
Modern HFT firms compete on infrastructure as much as on strategy. Orthogone’s expertise spans the entire tick-to-trade chain, from market data ingestion and protocol decoding, through pre-trade risk validation and trading algorithm acceleration, all the way to order entry on the wire. We design, customize and harden FPGA systems that deliver the deterministic, jitter-free latency that electronic trading demands, and we integrate them with the kernel-bypass software stacks your traders rely on.
Applications
Technologies
Expertise
ULL IP Cores & ULL FPGA Framework
Proven ultra-low latency solutions to accelerate your trading stack.
Drop in our validated IP cores, or build on the complete ULL FPGA Framework, both engineered for the nanosecond budgets of modern HFT. These IP cores are engineered to meet the nanosecond-level requirements of high-frequency trading, environments with zero tolerance for jitter, packet loss, or unpredictable latency.
IP Cores
Ultra-low latency FPGA IP Cores
Battle-tested IP cores for HFT: 10G/25G/40G/100G Ethernet MAC/PCS at 17.1ns wire-to-wire, TCP/UDP/IP Offload Engine at 6.2ns TX, and a kernel-bypass PCIe DMA Controller, all UVM-verified and shipping in production.
- Best-in-class gate count, unified Verilog 1G→100G
- Up to 64 TCP connections per endpoint, no CPU in path
- AMD/Xilinx & Altera PCIe Gen3/Gen4 supported
FPGA Framework
Ultra-low latency FPGA Framework
A modular hybrid Hardware & Software framework that lets quants iterate trading logic in software while keeping the data path entirely in FPGA. Flexible licensing (site, annual or per-card), with full source access.
- Pre-integrated MAC, TCP/IP, decoder and CBDMA blocks
- Hybrid hardware + software strategy execution
- Site, annual or per-card licensing options
FPGA Acceleration as a service for HFT
Your trading strategy is your edge. Your stack shouldn't be what's holding you back.
You know you need to accelerate your trading stack to win the race of speed, but you don’t know where to start. We do.
We help you integrate FPGA faster and with lower risk. We provide end-to-end delivery, so your team can focus on trading logic, not platform complexity.
Architecture & Integration
Trading-stack integration, low-latency data paths, host/FPGA partitioning.
System Co-Design
Drivers, APIs, kernel-bypass strategies, and PCIe DMA optimization.
FPGA Design & Verification
RTL, UVM, validation, and QA testing for deterministic performance.
Enablement & Training
Knowledge transfer, handoff, and ramp-up support for your team.
This is what high-speed looks like
Two technologies. One winning stack.
This is what ultra-low latency looks like at the hardware level. Orthogone’s ULL FPGA Framework meets Blackcore’s overclocked servers, engineered together, validated end-to-end.
Typical HFT Use Cases
Reference architectures for demanding
high-frequency trading workloads
Drop in our validated IP cores, or build on the complete ULL FPGA Framework, both engineered for the nanosecond budgets of modern HFT. These IP cores are engineered to meet the nanosecond-level requirements of high-frequency trading, environments with zero tolerance for jitter, packet loss, or unpredictable latency.
Use case 01
Tick to trade electronic trading
End-to-end FPGA pipeline from market data decoding to order execution.
Use case 02
Smart Route
Orders
Route across multiple venues at hardware speed with real-time evaluation.
Use case 03
Pre-Trade Risk
Check Engines
A hardware-enforced compliance gate positioned between trading strategy and network execution.
Use case 04
Microwave-Linked Long-Haul Trading
Inter-exchange microwave links with FPGA-accelerated radio framing.
Use case 05
Network
Acceleration
Accelerated paths for the lowest
hop-to-hop latency on the wire.
Use case 06
Precision Network Monitoring
FPGA timestamping and microburst detection for real-time visibility.
Real world projects in HFT
The infrastructure behind the fastest trading firms in the world.
distribution
application
pre-programmed orders
Market price/book distribution
Customer Profile
- Industry: Stock broker / Trading industry
- Company size: Manages a portfolio ~$1.5b
Challenges
The customer requires an application that can connect to the market feed and generate a price book for a list of current securities. The application should update the prices of the securities in real-time. Additionally, the client wants to use ULL/FPGA trading platforms to enhance market results. The customer’s current solutions involve server-based networking.
Solution
Our ULL MAC/PCS and DMA PCIe IP Cores enable our customer applications to connect to market feeds and build price books in real-time. These cores use hybrid server-FPGA solutions to develop applications that can operate on both the server and FPGA, using the same network interface for unparalleled speed and integration.
Key features
- ULL MAC/PCS to receive Ethernet packets
- Reference design applications for FPGA IP Integration
- ULL PCIe DMA Controller interface
- Linux / Posix driver interface for Server-based applications. (Hybrid)
Decision-making factors
Easy integration into existing applications and the ability to develop hybrid applications on the server and FPGA via the same network interface.
Trust our technical expertise to develop disruptive trading systems
Orthogone covers the full spectrum of FPGA-accelerated trading infrastructure, from RTL architecture and protocol decoding through risk engines and trading-algorithm acceleration. Our multi-disciplinary teams understand the complexity of FPGA, network, host and software interactions, and integrate seamlessly with your team to accelerate time-to-market.
Strategic Partnerships
Built in-house. Validated with industry leaders.
Orthogone works closely with key ecosystem partners to accelerate deployment and reduce integration risk, combining FPGA platforms, low-latency server infrastructure, and proven ultra-low-latency building blocks.
ULL FPGA Framework supports AMD Alveo platforms and includes Linux drivers, libraries, and kernel-bypass paths.
Infrastructure Partner
Ultra-low-latency server platforms engineered for electronic trading. Orthogone’s PCIe DMA Controller achieves 585ns RTT on the Blackcore ICON 3100-RL+, setting new benchmarks for FPGA-to-host communication.
FPGA Technology Partner
As an AMD Embedded Premier Partner, Orthogone’s ULL Framework is validated on AMD Alveo™ HFT platforms. Joint enablement ensures faster, simpler FPGA integration with proven performance across major fintech markets.
FPGA Design Partner
We ensure full IP Core and Framework compatibility across Intel and Altera FPGA platforms, giving trading firms the hardware flexibility to build on the architecture that best fits their infrastructure, with no performance trade-off.
Industry Partner
STAC is the financial technology industry’s leading independent research and benchmarking organization, bringing together 500+ members from top-tier financial firms and technology providers worldwide.
Global reach
Trusted resellers for a global delivery
We support latency-sensitive projects globally, across North America, Europe and APAC, and partner with trusted regional resellers to help customers evaluate, onboard and deploy ultra-low-latency solutions faster.
Mettlesemi Systems and Technologies Private Limited
India / APAC
They focus on semiconductor design, embedded systems, cybersecurity, and fintech, we deliver world-class, made-in-India solutions that are trusted across industries.
Modern Tech
Hong Kong & Singapore
They have been at the forefront of the technology landscape and high-performance computing, catering to the hardware and peripheral needs of various industry segments, espcially HFT Financial Sector, Medical and Teleradiology, Datacentres and Cloud Computation, and Energy and Sustainability Computing.
MeTech Global
Australia & Taipei
MeTech Global is a leading consultant provider of high-frequency trading consulting and technology teams with over 20 years of experience in the financial sector, and specializes in high-speed infrastructure, trading applications and market-making
News & Insights
What's new in ultra-low latency trading
The nanoseconds you're losing won't wait.
From first conversation to production deployment, Orthogone’s team of FPGA and fintech specialists is ready to help you build the infrastructure your trading strategy demands.
