{"id":2737,"date":"2025-12-18T16:00:00","date_gmt":"2025-12-18T09:00:00","guid":{"rendered":"https:\/\/dgway.com\/blog_E\/?p=2737"},"modified":"2025-12-18T13:59:36","modified_gmt":"2025-12-18T06:59:36","slug":"ultra-low-latency-fpga-trading-with-nasdaq-developed-itch-ouch","status":"publish","type":"post","link":"https:\/\/dgway.com\/blog_E\/2025\/12\/18\/ultra-low-latency-fpga-trading-with-nasdaq-developed-itch-ouch\/","title":{"rendered":"Ultra-Low-Latency FPGA Trading with Nasdaq-Developed ITCH &amp; OUCH"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In <strong>high-frequency trading (HFT)<\/strong>, success is measured in <strong>nanoseconds<\/strong>.<br>The firms that win are those that <strong>see market data first, decide faster, and act with deterministic precision<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At <strong>Design Gateway<\/strong>, we are pushing FPGA-accelerated trading to the next level with <strong>Ultra-Low-Latency Networking IP<\/strong> and <strong>Nasdaq-developed ITCH &amp; OUCH protocol acceleration<\/strong>, delivering a <strong>true hardware-based trading pipeline<\/strong> \u2014 from network ingress to order execution.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/dgway.com\/blog_E\/wp-content\/uploads\/2025\/12\/Support_ITCH_OUCH-1024x576.jpg\" alt=\"Ultra-low-latency FPGA trading solution supporting Nasdaq-developed ITCH and OUCH protocols, showcased on AMD Alveo X3522 accelerator card with connectivity to major exchanges including Nasdaq, ASX, and SET, enabling deterministic high-frequency trading for fintech and HFT applications.\" class=\"wp-image-2742\" srcset=\"https:\/\/dgway.com\/blog_E\/wp-content\/uploads\/2025\/12\/Support_ITCH_OUCH-1024x576.jpg 1024w, https:\/\/dgway.com\/blog_E\/wp-content\/uploads\/2025\/12\/Support_ITCH_OUCH-300x169.jpg 300w, https:\/\/dgway.com\/blog_E\/wp-content\/uploads\/2025\/12\/Support_ITCH_OUCH-768x432.jpg 768w, https:\/\/dgway.com\/blog_E\/wp-content\/uploads\/2025\/12\/Support_ITCH_OUCH-1536x864.jpg 1536w, https:\/\/dgway.com\/blog_E\/wp-content\/uploads\/2025\/12\/Support_ITCH_OUCH.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Now Supporting ITCH\/OUCH: Ultra-Low-Latency FPGA Trading Powered by Nasdaq Protocols<\/figcaption><\/figure>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u26a1 Why ITCH &amp; OUCH Matter in Modern Electronic Trading<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ITCH<\/strong> and <strong>OUCH<\/strong> are Nasdaq-developed protocols widely adopted across global electronic exchanges:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ITCH<\/strong> \u2192 High-performance market data dissemination<\/li>\n\n\n\n<li><strong>OUCH<\/strong> \u2192 Ultra-low-latency order entry and execution<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Traditionally, these protocols are processed in software, introducing <strong>OS jitter, CPU contention, and unpredictable latency<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udd11 <strong>Our approach moves ITCH &amp; OUCH directly into FPGA hardware<\/strong>, eliminating software bottlenecks entirely.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83e\udde0 Unified FPGA-Accelerated Trading Pipeline<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Our upcoming release unifies <strong>network-level and market-level acceleration<\/strong> into a single deterministic FPGA pipeline:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2705 Ultra-Low-Latency Ethernet (Design Gateway LL IP)<br>\u2705 TCP \/ UDP hardware offload<br>\u2705 ITCH \/ OUCH direct hardware decode<br>\u2705 SoupBinTCP &amp; MoldUDP64 feed handling<br>\u2705 Order book building in hardware<br>\u2705 Re-request &amp; snapshot recovery logic<br>\u2705 Integrated heartbeat &amp; session monitoring<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udcc8 The result: <strong>faster reaction time, lower jitter, and fully deterministic performance<\/strong> \u2014 essential for competitive HFT strategies.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udee0 Faster Strategy Development with HLS \/ C++ Flow<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Speed matters \u2014 not just in execution, but also in <strong>development<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our platform supports:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>HLS \/ C++-style algorithm integration<\/strong><\/li>\n\n\n\n<li>Faster iteration vs. manual RTL<\/li>\n\n\n\n<li>Clean plug-in interface for custom trading logic<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">This allows trading teams to <strong>prototype, test, and deploy strategies directly in FPGA hardware<\/strong> \u2014 without slowing innovation.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udce6 What You Get: Realistic Evaluation &amp; Demo Assets<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To help teams get productive immediately, the demo package includes:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2714\ufe0f Sample HLS-based trading algorithm<br>\u2714\ufe0f Sample PCAP files (ITCH \/ OUCH \/ SoupBinTCP \/ MoldUDP64)<br>\u2714\ufe0f Ready-to-replay scenarios for benchmarking<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Perfect for <strong>latency measurement, regression testing, and strategy validation<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udfa5 Video Demos (See It in Action)<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Watch how FPGA-accelerated ITCH &amp; OUCH dramatically reduce end-to-end trading latency:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udc49 <strong><a href=\"https:\/\/youtu.be\/vzh89Sl5lEI\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube \u2013 Ultra-Low-Latency FPGA Trading Demos<\/a><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Ultra-Low-Latency FPGA Trading with Nasdaq-Developed ITCH &amp; OUCH\" width=\"680\" height=\"383\" src=\"https:\/\/www.youtube.com\/embed\/vzh89Sl5lEI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udce9 Contact Us \u2014 Start the Conversation<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Interested in <strong>evaluation, architecture discussion, or latency benchmarking<\/strong>?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udc49 <strong><a href=\"https:\/\/dgway.com\/contact.html\" data-type=\"link\" data-id=\"https:\/\/dgway.com\/contact.html\" target=\"_blank\" rel=\"noreferrer noopener\">Contact Design Gateway<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let\u2019s discuss how FPGA acceleration can <strong>unlock your trading edge<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83c\udd93 Free Evaluation Files<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Get started quickly with <strong>evaluation files and demo materials<\/strong>:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udc49 <strong>Request Free Evaluation Files<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udd17 Product Pages<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Explore our Ultra-Low-Latency Networking IP solutions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/dgway.com\/Lowlatency-IP_X_E.html\" target=\"_blank\" rel=\"noreferrer noopener\">Low Latency Networking IP (AMD)<\/a><\/strong><\/li>\n\n\n\n<li><strong><a href=\"https:\/\/dgway.com\/Lowlatency-IP_A_E.html\" data-type=\"link\" data-id=\"https:\/\/dgway.com\/Lowlatency-IP_A_E.html\" target=\"_blank\" rel=\"noreferrer noopener\">Low Latency Networking IP (Altera)<\/a><\/strong><\/li>\n\n\n\n<li><a href=\"https:\/\/dgway.com\/AAT\/AAT_Main.html\" data-type=\"link\" data-id=\"https:\/\/dgway.com\/AAT\/AAT_Main.html#top\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Accelerated Algorithmic Trading Platform<\/strong><\/a><\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83d\udcc4 Technical Documents<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Access detailed architecture and protocol documentation during evaluation to support.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\ud83e\udd1d Available via Official Partner Solution Platforms<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Our IP is now available through <strong>official FPGA partner ecosystems<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2705 <strong><a href=\"https:\/\/www.amd.com\/en\/search\/partner\/embedded-partner-solutions.html\/7536\" data-type=\"link\" data-id=\"https:\/\/www.amd.com\/en\/search\/partner\/embedded-partner-solutions.html\/7536\" target=\"_blank\" rel=\"noreferrer noopener\">AMD Adaptive Computing Partner Solution<\/a><\/strong><\/li>\n\n\n\n<li>\u2705 <strong><a href=\"https:\/\/www.altera.com\/asap\/profile\/a1lui00000120ylmai\/designgateway-co-ltd\" data-type=\"link\" data-id=\"https:\/\/www.altera.com\/asap\/profile\/a1lui00000120ylmai\/designgateway-co-ltd\" target=\"_blank\" rel=\"noreferrer noopener\">Altera Partner Solution Platform<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Ensuring <strong>ecosystem compatibility, and enterprise-grade reliability<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\ud83c\udfc1 Final Thought<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In today\u2019s markets, <strong>latency is alpha<\/strong>.<br>By accelerating <strong>ITCH &amp; OUCH directly in FPGA hardware<\/strong>, Design Gateway enables trading systems that are <strong>faster, more deterministic, and built for the next generation of electronic markets<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\ud83d\udccc <em>Follow us for upcoming demos, benchmarks, and technical deep dives.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In high-frequency trading (HFT), success is measured in nanoseconds.The firms that win are those that see market data first, decide faster, and act with deterministic precision. At Design Gateway, we are pushing FPGA-accelerated trading to the next level with Ultra-Low-Latency Networking IP and Nasdaq-developed ITCH &amp; OUCH protocol acceleration, delivering a true hardware-based trading pipeline \u2014 from network ingress to&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":2739,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[891,386,127,760,906,890,317,907,893,895,796,908,902,894,880,900,896,897,901,911,904,771,903,892],"class_list":["post-2737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-low-latency","tag-algorithmic-trading","tag-altera-fpga","tag-design-gateway","tag-deterministic-latency","tag-ethernet-fpga","tag-fintech-technology","tag-fpga-acceleration","tag-fpga-order-book","tag-fpga-trading","tag-hardware-accelerated-trading","tag-high-frequency-trading-hft","tag-hls-trading-algorithm","tag-low-latency-networking-ip","tag-low-latency-trading-systems","tag-low-latency-networking-2","tag-market-data-feed","tag-nasdaq-itch","tag-nasdaq-ouch","tag-order-entry-protocol","tag-partner-solution-platform","tag-soupbintcp","tag-trading-system-architecture","tag-udp-offload","tag-ultra-low-latency-trading"],"_links":{"self":[{"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/posts\/2737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/comments?post=2737"}],"version-history":[{"count":7,"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/posts\/2737\/revisions"}],"predecessor-version":[{"id":2746,"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/posts\/2737\/revisions\/2746"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/media\/2739"}],"wp:attachment":[{"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/media?parent=2737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/categories?post=2737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dgway.com\/blog_E\/wp-json\/wp\/v2\/tags?post=2737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}