FPGAs: True Value?

mehmet-yanilmaz-myra-trading
Mehmet Yanilmaz, Myra Trading

It seems like only yesterday that field programmable gate arrays, or FPGAs, were a novelty in financial services. Created commercially by Silicon Valley’s Xilinx in 1985, they were used in fields like aerospace, defense, medical imaging, and oil and gas exploration before they arrived on Wall Street. When their application for low-latency trading was finally discovered, it felt like a new window was opening for those proprietary shops and quant funds with hungry eyes and open wallets.

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