Fintech PR
Artprice by Artmarket has unveiled its new website, solidifying its position as the go-to platform for the online Art Market.
PARIS, Sept. 13, 2023 /PRNewswire/ — After the brilliantly successful launch of the new version of Artprice.com by Artmarket at the beginning of September, our initial analyses and statistics show an overwhelmingly positive response from our customers and new users as well as a very considerable increase in logged activity (+441%) on a 10-month moving average basis. This surge in activity is expected to directly translate into a substantial boost in our revenue.
(See: https://www.artprice.com)
Artprice by Artmarket now offers a completely new website that was redesigned in collaboration with the Vahumana team (TRSb Group) of high-level external consultants closely involved in the audit, development, and complete overhaul of Artprice since 2018, using a solid UI/UX approach. UX and UI (User Experience and User Interface) both rely on user-centric approaches to website design.
This new intuitive and user-friendly website, with simplified access, has brought together the numerous high value-added data banks of Artprice.com, its subsidiaries, and its numerous departments, thus allowing easy and direct access to the most important, most relevant, and most exhaustive information on the art market.
Particular attention has been paid to the development of our mobile version. It’s not merely a scaled-down “app” version, which might struggle to capture the full richness of the desktop experience and would remain reliant on operating systems with their continuous cycle of upgrades and fixes.
The feedback from customers and members is unanimous: “The new site is so much more pleasant to use and allows you to navigate through rich and varied content.”
Customers and users are discovering information they never knew existed. The change is so dramatic that some users think Artprice has been involved in a merger or an acquisition! For its financial partners and shareholders, this new version represents a real “game changer”.
The new intuitive search bar, in a central position, offers instant access to a comprehensive tree structure around the subject of the search, which ultimately generates an increase in the time spent on Artprice.com.
Our new search engine instantly connects to information on 821,500 artists, 16,261,100 auction results, and price-index data (including 1,087,500 auction lots referenced over the last 12 months from 7,200 auction houses around the globe) and to all the art market data in our databanks stretching back to the 4th century.
Artprice by Artmarket thus offers the world’s most elaborate and exhaustive search engine on the art market and solidly confirms its reputation as the World Leader in Art Market Information for the past 25 years.
Test it and you will see! The universal search bar shows all the possible information available around the element searched: artists, works in future and past auctions, art market indices, works available on our standardized Artprice.com Marketplace, relevant articles in our ArtMarketInsight® archive, art market reports (annual, semestrial, segment-focused, etc.) and of course, all the relevant data and images in our databases (including signatures and monograms, catalogs raisonnés, archived historical data, etc.) that has been selected, checked and digitally recorded from the colossal archives that Artprice has purchased around the world over the past 25 years (see Artmarket.com’s Universal Registration Document as filed with the AMF – France’s Financial Markets Authority).
Artprice.com by Artmarket’s use of algorithmic AI for its own Intuitive Artmarket ® AI also allows access to very relevant and highly personalized recommendations concerning artists, works, sales, and even art history – allowing users to go infinitely further in their discovery and knowledge of the art market.
Artprice Images® allows unlimited access to the largest collection of art market images in the world, with its collection of manuscripts and sales catalogs forming a physical and digital library made up of 180 million images or engravings of artworks from 1700 to the present day, all commented by our art historians.
In this highly specific economic sector, no art market-related company in the world has such a massive volume of ultra-qualified and proprietary data, with the original paper archives representing a very important asset and an almost impregnable barrier to entry.
It’s worth noting that Artprice by Artmarket has achieved the prestigious distinction of receiving France’s state-endorsed ‘Innovative Company’ label for two consecutive years—an accomplishment that is quite rare among companies listed on regulated markets. This esteemed recognition is bestowed following rigorous eligibility criteria and is conferred by the Banque Publique d’Investissement (bpifrance).
Artprice’s new online architecture integrates new communication spaces for advertisers, with a back-office for the completely autonomous management of their advertisements. The 2023/2024 target for Artprice by Artmarket is to double its turnover.
According to thierry Ehrmann, President of Artmarket.com and Founder of Artprice: “More than ever, the Art Market reflects the world we live in: a world that cherishes all that is beautiful and rare, most of which is finite. We must therefore constantly reinvent by creating new ways to enrich our souls.”
We are seeing a new phase of market acceleration, driven by a growing number of new collectors, particularly in Greater Asia, eager to participate in the exchange of artworks, a commerce that is an integral part of our humanity.
With the 2023/2024 dedicated advertising spaces our customers will intuitively dive into the heart of Art Market news and will be privileged players within a human and informative approach.
After several months of consultations with users, we have refined the user interface of our Standardized Marketplace to streamline the process of accessing artworks available for sale, whether through fixed pricing or auctions, as well as facilitating the seamless posting of online advertisements. The target is to substantially increase the flow of transactions in a market where roughly 70,000 artworks are available every day.
As planned in its 2023/2024 calendar, Artprice has therefore opened its paid spaces (in compliance with IAB standards) to the art market. This historic opening implies a radical change in our economic model, with paying advertisers fully integrated into its databases and services, its Artists pages, and its Web 3.0. However, every effort will be made to ensure the discretion of the advertising in terms of design and ergonomics for its clients and subscribing members.
The new digital modules available to its advertisers offer a multitude of locations, with choices of language, media, duration, and prices, while harmoniously respecting the primary raison d’être of providing access to Artprice’s databases, which remains our company’s fundamental DNA.
The significant and highly successful rollout of Artprice’s IT infrastructure will generate new turnover from paid new subscriptions and new revenue from advertising that will be fully integrated into the Artprice by Artmarket databases and services, allowing advertisers complete control over their digital campaigns. Together, these new sources of income should double our company’s turnover within 12 months.
As regards the advertising revenue, our principal targets are of course the 7,200 auction houses around the world, the vast majority of whom have been affiliated with Artprice for more than two decades and 98% of whom now announce their physical or digital sales on the Internet (including their post-Covid “online sales”).
The second group of potential advertisers are organizers of Art World events such as fairs and exhibitions which are mushrooming on all five continents of the globe. In the Contemporary and Modern Art segments alone, Artprice counts nearly 400 such events.
And who will their advertising be aimed at? The 18,000 fine art valuers and appraisers, the art insurers, the 32,000 galleries, and the 4,500 art museums and institutions around the world, all will benefit from highly targeted digital communication.
All these potential advertisers and their targets are customers who have subscribed to Artprice’s databases for a very long time.
The 7,200 global auction houses affiliated with Artprice can now highlight their future sales with extremely relevant targeting, in paid advertiser mode, according to very specific search criteria, while strictly respecting European (GDPR) and American laws on personal data of Artprice’s 7.2 million customers and members.
Remember, for over 70 years now the standard economic model of an auction house includes an advertising budget to announce details of public sales that represents 34% of its overall costs, regardless of the country or the size of the operator. With the advent of digital advertising making it possible to respond instantly to advertisers, this budget can only grow.
In practice, auction houses hosting meticulously cataloged sales, regardless of their scale, gain insight into artworks that may potentially remain unsold due to a lack of buyers or unmet reserve prices. This information is typically conveyed through purchase orders or ATPs (Advance Payment Terms), which they receive approximately 3 to 4 days prior to each auction.
In such cases, the auction house is ready to deploy ultra-targeted digital campaigns in a few hours to make the most of its upcoming sale. Only Artprice, with its data centers, it’s engineering, and its processes can respond to this type of request, 24 hours a day, and on a global scale.
In summary, the new online version of Artprice.com by Artmarket is a real paradigm shift, but it remains 100% faithful to the historical DNA of Artprice and to the primordial postulate of its founder, thierry Ehrmann – to make art market information as accessible and transparent to the widest possible population. Artprice’s historic alliance with the first global press agency dedicated to art market news and information, Cision PR Newswire (reaching 119 countries in 18 different languages) is an integral part of this strategy.
Copyright 1987-2023 thierry Ehrmann www.artprice.com – www.artmarket.com
- Don’t hesitate to contact our Econometrics Department for your requirements regarding statistics and personalized studies: [email protected]
- Try our services (free demo): https://www.artprice.com/demo
- Subscribe to our services: https://www.artprice.com/subscription
About Artmarket:
Artmarket.com is listed on Eurolist by Euronext Paris, SRD long only and Euroclear: 7478 – Bloomberg: PRC – Reuters: ARTF.
Discover Artmarket and its Artprice department on video: www.artprice.com/video
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
See certified biography in Who’s who ©:
https://imgpublic.artprice.com/img/wp/sites/11/2023/04/2023_2_Biographie-thierry-Ehrmann_WhosWhoInFrance.pdf
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 817,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world’s leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 7200 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million (‘members log in’+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France’s Commercial Code).
Artmarket, with its Artprice department, has twice been awarded the State label “Innovative Company” by the Public Investment Bank (BPI), which has supported the company in its project to consolidate its position as a global player in the art market.
Artprice by Artmarket’s Global Art Market Report, “The Art Market in 2022“, published in March 2023:
https://www.artprice.com/artprice-reports/the-art-market-in-2022
Artprice releases its 2022 Ultra-Contemporary Art Market Report:
https://www.artprice.com/artprice-reports/the-contemporary-art-market-report-2022
Index of press releases posted by Artmarket with its Artprice department:
https://serveur.serveur.com/artmarket/press-release/en/
Follow all the Art Market news in real time with Artmarket and its Artprice department on Facebook and Twitter:
www.facebook.com/artpricedotcom/ (over 6.3 million followers)
Discover the alchemy and universe of Artmarket and its artprice department https://www.artprice.com/video headquartered at the famous Organe Contemporary Art Museum “The Abode of Chaos” (dixit The New York Times): https://issuu.com/demeureduchaos/docs/demeureduchaos-abodeofchaos-opus-ix-1999-2013
La Demeure du Chaos / Abode of Chaos
GESAMTKUNSTWERK & SINGULAR ACRHITECTURE
Confidential bilingual work now public:
https://ftp1.serveur.com/abodeofchaos_singular_architecture.pdf
- L’Obs – The Museum of the Future: https://youtu.be/29LXBPJrs-o
- www.facebook.com/la.demeure.du.chaos.theabodeofchaos999 (over 4 million followers)
- https://vimeo.com/124643720
Contact Artmarket.com and its Artprice department – Contact: [email protected]
Logo – https://mma.prnewswire.com/media/1009603/Art_Market_logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/artprice-by-artmarket-has-unveiled-its-new-website-solidifying-its-position-as-the-go-to-platform-for-the-online-art-market-301926171.html
Fintech PR
Bitcoin Price Climbs 3% on US Shutdown and Yields Gloom, But Bitcoin Minetrix Raises $200,000 and Is the Real Winner
NEW YORK, Sept. 29, 2023 /PRNewswire/ — The Bitcoin price is defying macro gloom to put on a 3% gain as it recaptures $27,000, but it is yield-bearing Bitcoin Minetrix ($BTCMTX) that’s raised $200,000 and could be the biggest winner.
Bitcoin, after briefly slipping below $25k last month and struggling to make headway since peaking at 27,431 on September 19th, is threatening to retake that near-term high.
The move higher has been assisted by a confluence of factors and comes despite gathering storm clouds in the stock and bond markets.
Also, although equities had a green session on Thursday, it comes on the back of a negative week.
The S&P500 has fallen from 4,452 to 4,296, and the Nasdaq Composite slid 500 points, from 13,714 to 13,200. Meanwhile, US 10-Year Treasury yields continue their march higher, now at 4.66%.
And then there is US interest rates at 5.25-5.5% despite the Fed pause, making all risk assets look less attractive, plus a surging US dollar to factor in too.
Bitcoin teasing that it is a safe haven play after all?
Markets worry that US inflation will be stickier than hoped and that a soft landing could be for the birds. The weakening of the narrowly based bullish sentiment that has seen the Nasdaq make a 20% advance this year, has been evident for a few weeks now.
Fed chairman Jerome Powell’s speech on Thursday has done little to calm nerves.
The past few days have seen the gloom merchants come to the fore as a shutdown of the government looms and the real estate debt crisis deepens in China.
But the past few days have seen the gloom merchants come to the fore as a shutdown of the government looms and the real estate debt crisis deepens in China.
Against this backdrop, Bitcoin appears to be gaining in strength, although it is too early to say whether some safe-haven inflows are behind the improvement.
But when the ratings agencies start to talk about US debt losing its top-tier rating, fears of a recession mounting, the auto industry strike spreading, oil prices heading back to $100, and core inflation remaining as sticky as ever, the green shoots in the Bitcoin market are even more noticeable.
Add to the mix that good news for Coinbase – it needs some – came when it received permission to offer crypto futures trading to its non-US customers.
US competitor exchange Kraken announcing it planned to open its door to stock traders may have added to the positive vibes, although that development could be read as a sign of desperation on Kraken’s part as it scrabbles around for revenue.
What’s good for Bitcoin is good for crypto, and especially Bitcoin derivative coins like Bitcoin Minetrix
Bitcoin remains the bellwether of the crypto industry, so generally speaking, there tends to be a positive correlation between it and all other assets.
However, that correlation is magnified for so-called Bitcoin derivative and clone coins, of which Bitcoin Minetrix is the latest of the crop.
When Bitcoin does well, so do the likes of longstanding forked clones like Bitcoin Cash and Bitcoin SV, as well as new upstarts such as the HPOS10I (BITCOIN) meme coin, Bitcoin 2.0 and BTC20.
Bitcoin Minetrix is different from all those aforementioned coins though, because of its tangible connection with the Bitcoin network.
Its use case is to contribute to the hash power of the network by marshaling the collective might of retail investors – or stakers – to earn credits that can then be deployed in cloud mining Bitcoin.
Bitcoin Minetrix is the first stake-to-mine platform in crypto. There are certainly plenty of cloud-mining outfits out there, but none are fully decentralized. BTC Minetrix’s unique selling point is in effectively tokenizing cloud mining and harnessing the many advantages that it gives it over competitors.
https://twitter.com/bitcoinminetrix/status/1707002226898559469
Bitcoin Minetrix banishes fraudsters, makes mining Bitcoin cheaper and safer for all
With Bitcoin Minetrix there is no need to worry about fraud because everything is handled on-chain, and no cash changes hands.
Bear in mind, too, that Bitcoin Minetrix’s smart contract is fully audited by Coinsult – it passed with no major issues.
Smart contract automation makes withdrawal of funds super easy, as does earning credits and empowering individual stakers to decide how much mining they want to engage in and when.
Bitcoin Minetrix takes the complication and expense out of mining. You don’t need to understand how difficulty is calculated or how to keep your client software up to date.
What’s more, there’s no need to make a considerable capital outlay and be exposed to the risk of making a loss on your business undertaking.
Better than Bitcoin because Bitcoin Minetrix is a yield-bearing hedge where you can reinvest mining profits
But where does the Bitcoin and Macro interplay come into the picture, you might ask? Well, it comes down to bond yields.
Rising bond yields make non-yield-bearing assets less appealing. At the present time, lenders are demanding a higher return for buying US government debt. Among the biggest holders of US debt is China. Given the geopolitical uncertainties and tension, that relationship may not end well.
The price of bonds, which move inversely to yields, are going down because there are fewer buyers when inflation is high, cutting into fixed-income asset returns.
Now consider the economics of Bitcoin Minetrix. While Bitcoin has no yield-bearing property, Bitcoin Minetrix does.
However, in addition to token stakers earning a yield paid out of the tokens allocated for community rewards, they also earn credits that are then invested in cloud mining bitcoin.
https://twitter.com/bitcoinminetrix/status/1706639837304881263
Bitcoin Minetrix is in essence reinvesting dividends, the most powerful mechanism for wealth creation in finance.
Against the backdrop of rising yields, stocks, and in particular higher-risk growth stocks, become a riskier proposition, which is why the smart money looks for opportunities to lock in income streams.
Still, you don’t just want any old bond – Treasury Inflation Protected Securities (TIPS) are the ones to hold because they are index-linked.
But you could go one better and hold BTCMTX token and get an income stream plus capital appreciation and a built-in mechanism that reinvests your dividends.
Bitcoin Minetrix tokens do not have the indexation of TIPS, but arguably, they achieve pretty much the same thing via staking and cloud mining.
And if you just want a safe way to get into Bitcoin mining and all the rest is just cherry on the cake, then Bitcoin Minetrix really is the standout solution. Crypto analyst Michael Wrubel told his 300k YouTube subscribers pretty much exactly that in his latest video.
How to buy Bitcoin Minetrix ($BTCMTX)
Stake-to-mine innovator Bitcoin Minetrix is in phase 1 of its four-part roadmap. After the presale phase, the other three phases commence, encompassing development, launch, and mass adoption.
Although not scheduled until phase 2 and 3, talks with cloud providers and work on the stake-to-mine dashboard for app and desktop has already started.
To buy the $BTCMTX token you will need ETH, USDT, BNB or a bank card. If you plan to purchase with ETH you can start staking-to-earn straightaway.
Notes for editors
Website: https://bitcoinminetrix.com
Social Channels: Twitter | Discord | Telegram Community
Presale stages:
|
Presale Stage |
Token Price |
Percentage |
Amount of Tokens |
USD Value |
|
Phase 1 |
$0.01100000 |
10 % |
280,000,000 |
$3,080,000 |
|
Phase 2 |
$0.01110000 |
10 % |
280,000,000 |
$3,108,000 |
|
Phase 3 |
$0.01120000 |
10 % |
280,000,000 |
$3,136,000 |
|
Phase 4 |
$0.01130000 |
10 % |
280,000,000 |
$3,164,000 |
|
Phase 5 |
$0.01140000 |
10 % |
280,000,000 |
$3,192,000 |
|
Phase 6 |
$0.01150000 |
10 % |
280,000,000 |
$3,220,000 |
|
Phase 7 |
$0.01160000 |
10 % |
280,000,000 |
$3,248,000 |
|
Phase 8 |
$0.01170000 |
10 % |
280,000,000 |
$3,276,000 |
|
Phase 9 |
$0.01180000 |
10 % |
280,000,000 |
$3,304,000 |
|
Phase 10 |
$0.01190000 |
10 % |
280,000,000 |
$3,332,000 |
- Soft Cap – $15.6M – 1,400,000,000 Tokens
- Hard Cap – $32M
- Ethereum
- ERC-20
- $BTCMTX
- Starting Price – $0.011
- Presale Starting Date – 26/09/2023
- Minimum Buy – $10
Photo: https://mma.prnewswire.com/media/2235370/Bitcoin_Minetrix.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bitcoin-price-climbs-3-on-us-shutdown-and-yields-gloom-but-bitcoin-minetrix-raises-200-000-and-is-the-real-winner-301943232.html
Fintech PR
Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications
NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.
About Webb
Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.
The Challenge and Our Solution
Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.
Why Tangle Network?
Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:
- Proof Generation: Delegate computational tasks to our validators.
- Trusted Setups: Tangle Network manages complex ceremonies for you.
- Secure Signing: Utilize our threshold signing for cross-chain operations.
By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.
Noteworthy Features
- Unparalleled speed, security, and scalability via Substrate.
- Decentralized control through Distributed Key Generation (DKG).
- Advanced protocols for zero-knowledge applications.
- Cross-chain compatibility with IBC and XCM.
- Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
- Smooth, forkless upgrades.
What’s Next?
The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.
Testnet Quick Links
- Whitepaper: Read here.
- Get Started: PolkadotApps for Tangle Network
- Documentation: docs.webb.tools
Get Involved
- Developers: Start building on Tangle today. Learn More
- Validators and Relayers: Help secure and maintain the network. Learn More
- Join the Community: Follow us on Twitter or join our Discord.
Contact Us
For media inquiries, partnerships, or more information, email us at [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/webb-unveils-tangle-network-testnet-pioneering-the-future-of-private-decentralized-applications-301940846.html
Fintech PR
AMD Unveils Purpose-Built, FPGA-Based Accelerator for Ultra-Low Latency Electronic Trading
— New AMD Alveo fintech accelerator card provides trading firms and brokerages with breakthrough trade execution performance at nanosecond speed and AI-enabled trading strategies —
— Solution partners Alpha Data, Exegy and Hypertec add to growing ecosystem of ultra-low latency solutions for fintech market —
LONDON, Sept. 29, 2023 /PRNewswire/ — AMD (NASDAQ: AMD) today announced the AMD Alveo™ UL3524 accelerator card, a new fintech accelerator designed for ultra-low latency electronic trading applications. Already deployed by leading trading firms and enabling multiple solution partner offerings, the Alveo UL3524 provides proprietary traders, market makers, hedge funds, brokerages, and exchanges with a state-of-the-art FPGA platform for electronic trading at nanosecond (ns) speed.
The Alveo UL3524 delivers a 7X latency improvement over prior generation FPGA technology1, achieving less than 3ns FPGA transceiver latency2 for accelerated trade execution. Powered by a custom 16nm Virtex™ UltraScale™+ FPGA, it features a novel transceiver architecture with hardened, optimized network connectivity cores to achieve breakthrough performance. By combining hardware flexibility with ultra-low latency networking on a production platform, the Alveo UL3524 enables faster design closure and deployment compared to traditional FPGA alternatives.
“In ultra-low latency trading, a nanosecond can determine the difference between a profitable or losing trade,” said Hamid Salehi, director of product marketing at AMD. “The Alveo UL3524 accelerator card is powered by the lowest latency FPGA transceiver from AMD—purpose-built to give our fintech customers an unprecedented competitive advantage in financial markets.”
Hardware Flexibility and AI-Enabled Trading Strategies
Featuring 64 ultra-low latency transceivers, 780K LUTs of FPGA fabric, and 1,680 DSP slices of compute, the Alveo UL3254 is built to accelerate custom trading algorithms in hardware, where traders can tailor their design to evolving strategies and market conditions. Supported by traditional FPGA flows using Vivado™ Design Suite, the product comes with a suite of reference designs and performance benchmarks that allow FPGA designers to quickly explore key metrics and develop custom trading strategies to specification, backed by global support from AMD domain experts.
To simplify the increasing adoption of AI in the algorithmic trading market, AMD is providing developers with the open-sourced and community-supported FINN development framework. By using PyTorch and neural network quantization techniques, the FINN project enables developers to reduce the size of the AI models while retaining accuracy, compiling to hardware IP, and integrating the network model into the algorithm’s datapath for low latency performance. As an open-source initiative, the solution gives developers flexibility and accessibility to the latest advancements as the projects evolve.
Enabling a Growing Ecosystem of Ultra-Low Latency Fintech Solutions
The Alveo UL3524 and purpose-built FPGA technology are enabling strategic partners to build custom solutions and infrastructure for the fintech market. Currently available partner solutions include offerings from Alpha Data, Exegy, and Hypertec.
The AMD Virtex™ UltraScale+ VU2P FPGA powering the Alveo UL3524 accelerator card is enabling ultra-low latency appliances from Alpha Data.
“The new Virtex UltraScale+ FPGA from AMD brings a step change to ultra-low latency trading and networking,” said David Miller, managing director of Alpha Data. “We’ve developed the ADA-R9100 rack-mount appliance which allows customers to easily access the full potential of the new AMD FPGA device.”
Exegy, a provider of end-to-end, front-office trading solutions, is supporting the Alveo UL3524 card with its nxFramework, a software and hardware development environment tailored for creating and maintaining ultra-low latency FPGA applications within the financial industry.
“By combining the pioneering ultra-low latency FPGA technology from AMD with Exegy’s expertise in capital markets, we’re able to deliver a comprehensive solution that addresses the ever-increasing optimization needed to build the trading infrastructure of tomorrow,” said Olivier Cousin, director of FPGA solutions at Exegy.
Hypertec has optimized its ORION HF X410R-G6 High Frequency Server for the Alveo UL3524 with a custom cooling system to deploy in a 1U server form factor.
“The engineers at Hypertec specifically designed the HF X410R-G6 to extract the best out of the capabilities and speed of the Alveo UL3524 platform, catering our solution to the most demanding low-latency tasks,” said David Lim, director of product marketing, Hypertec.
The AMD Alveo UL3524 accelerator card is currently in production and shipping to global financial services customers.
Supporting Resources
- Learn more about the Alveo UL3524 accelerator card
- Become a fan of AMD on Facebook
- Follow AMD on Twitter
About AMD
For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, and Twitter pages.
AMD, the AMD Arrow logo, Alveo, Virtex, Vivado and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.
1 Testing conducted by AMD Performance Labs as of 8/16/23 on the Alveo UL3524 accelerator card, using Vivado™ Design Suite 2023.1 and running on Vivado Lab (Hardware Manager) 2023.1. Based on the GTF Latency Benchmark Design configured to enable GTF transceivers in internal near-end loopback mode. GTF TX and RX clocks operate at same frequency of ~644MHz with a 180 degrees phase shift. GTF Latency Benchmark Design measures latency in hardware by latching value of a single free running counter. Latency is measured as the difference between when TX data is latched at the GTF transceiver and when TX data is latched at the GTF receiver prior to routing back into the FPGA fabric. Latency measurement does not include protocol overhead, protocol framing, programmable logic (PL) latency, TX PL interface setup time, RX PL interface clock-to-out, package flight time, and other sources of latency. Benchmark test was run 1,000 times with 250 frames per test. Cited measurement result is based on GTF transceiver “RAW Mode”, where PCS (physical medium attachment) of the transceiver passes data ‘as-is’ to FPGA fabric. Latency measurement is consistent across all test runs for this configuration. System manufacturers may vary configurations, yielding different results. ALV-10
2 Based on simulation comparison between Virtex UltraScale+ GTY transceivers and ultra-low latency GTF transceivers.
View original content:https://www.prnewswire.co.uk/news-releases/amd-unveils-purpose-built-fpga-based-accelerator-for-ultra-low-latency-electronic-trading-301943169.html
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Fintech PR2 weeks agoStockings shift toward subscriptions this holiday season for UK shoppers, according to Recurly research
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Fintech PR2 weeks agoMAX Exchange and Bitget announce strategic partnership, marking MAX Token’s debut on an international exchange
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Fintech PR2 weeks agoIngenico and Diggecard announce a comprehensive gift card solution for acquirers using PPaaS, Ingenico’s Payments Platform as a Service