Do all HFT systems use FPGA for achieveing low latency?
Nope, not all HFT systems use FPGAs – but FPGAs are a very popular tool in the ultra-low-latency end of the spectrum.
Let’s break it down in a reality-based way.
1. Who actually uses FPGAs in HFT?
Rough picture:
Top-tier “race to zero” shops (sub-m...
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