LDA Technologies unveils NeoTap X for capital markets

LDA Technologies has introduced NeoTap X, a new off-the-shelf solution for timestamping and tap aggregation in capital markets.

NeoTap X is developed on LDA's Neo X platform and boasts features such as 100 picoseconds timestamping accuracy and 96GB of on-chip memory per FPGA for high data throughput management. Additionally, NeoTap X offers 100G timestamping, catering to financial institutions and trading firms that demand increased bandwidth.

The Neo X platform includes support for up to three LDA Orion HBM FPGA boards with AMD Versal Premium chips and optional on-device storage using up to 10 PCIe SSDs. This configuration reportedly provides enhanced computing performance, allowing clients to maximise server storage and rack space utilisation while benefiting from the platform's high processing power.

Vahan Sardaryan, CEO and co-founder of LDA Technologies, emphasised the capabilities of the new products: "We are providing a high-performance turnkey solution, NeoTap X, and a new FPGA-based development platform, Neo X. With its capability of up to 1 Tbit/sec processing power per FPGA and 400 Gbit/sec storage bandwidth, it can handle large data volumes while maintaining high performance for most demanding applications in capital markets."

Sardaryan highlighted the wider capabilities of NeoTap X as a comprehensive, self-contained system designed to optimise resource use: "NeoTap X, built on Neo X, provides the ultimate timestamping and tap aggregation solution, which addresses the market's need to accommodate for increased bandwidth. This future-proof device not only includes all the standard features of an advanced tap aggregation and timestamping system but also introduces powerful enhancements, such as 100G capabilities."

"With up to 60 TB of on-device storage option, NeoTap X also enables trouble-free record-keeping for regulatory compliance (MiFID II, FINRA), troubleshooting, and advanced analytics. This reduces the reliance on additional storage solutions, making NeoTap X a self-contained tap aggregation and capture system, highly valuable for financial applications."

Beyond storage and bandwidth, NeoTap X provides LDA's characteristic ultra-low latency Layer 1 connectivity coupled with flexible software packet processing for efficient traffic management and real-time analytics. NeoTap X has potential applications in areas such as trade monitoring, compliance reporting, advanced analytics, and network performance optimisation, providing the essential attributes of speed, accuracy, and reliability for operations requiring high-speed, real-time capabilities.