POET to develop optical engine for high-frequency trading
The company has announced it has been engaged by a global financial services leader for a multi-phase project aiming to increase speed and reduce latency in transceiver solutions used by securities trading
POET Technologies has announced that it has signed an agreement to develop a novel optical engine for use in a high-frequency securities trading operation for a global capital markets firm. High-frequency trading (“HFT”) is a type of automated trading that uses powerful computers to execute a large number of trades in fractions of a second.
According to POET, the multi-phase project is a pioneering effort to increase the speed and decrease the latency inherent in current transceiver solutions utilised by securities trading operations. The first phase of the project will begin immediately with POET designing prototypes of POET Optical Interposerô–based transceiver engines built to meet the customer’s specification. Subsequent phases include building additional prototypes and, if successful, production optical engines customised for this application.
“We are delighted to have embarked on this ambitious project with a global leader in HFT,” commented Raju Kankipati, chief revenue officer of POET. “This project generates revenue for POET this year and demonstrates the versatility of the POET Optical Interposer and the entry into a new, related market space by the Company.”
