AMD Expands Alveo Portfolio with Launch of World's Fastest Electronic Trading Accelerator in Slim Form Factor for Broad, Cost-Effective Server Deployments

Rhea-AI Summary

AMD has launched the Alveo UL3422 accelerator card, the latest addition to its family of accelerators for ultra-low latency electronic trading applications. This new card provides:

1. A slim form factor optimized for rack space and cost-effective deployment
2. Ultra-low latency performance with less than 3ns FPGA transceiver latency
3. Powered by an AMD Virtex UltraScale+ FPGA
4. Designed for a fast path to deployment in a wide range of servers

The Alveo UL3422 is half the size of its predecessor, the UL3524, while maintaining equivalent performance. It's supported by ecosystem partners like Exegy, Hypertec, and Xelera Technologies, offering various solutions for rapid implementation of trading strategies. The card is currently available and shipping in production volumes to global financial services customers.

Positive

• Launch of the world's fastest electronic trading accelerator in a slim form factor
• Ultra-low latency performance with less than 3ns FPGA transceiver latency
• Cost-effective deployment option for a wide range of servers
• Supported by ecosystem partners for rapid implementation of trading solutions
• Currently available and shipping in production volumes

Negative

• Reduced port density, on-board memory, and connectivity options compared to predecessor

News Market Reaction

-1.56%

1 alert

-1.56% News Effect

On the day this news was published, AMD declined 1.56%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AMD Alveo UL3422 accelerator provides high-frequency traders an edge in the race to fastest trade execution while lowering barriers to entry

SANTA CLARA, Calif., Oct. 14, 2024 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced the AMD Alveo™ UL3422 accelerator card, the latest addition to its record-breaking family of accelerators¹ designed for ultra-low latency electronic trading applications. AMD Alveo UL3422 provides trading firms, market makers and financial institutions with a slim form factor accelerator optimized for rack space, cost and designed for a fast path to deployment in a wide range of servers.

The Alveo UL3422 accelerator is powered by an AMD Virtex™ UltraScale+™ FPGA that features a novel transceiver architecture with hardened, optimized network connectivity cores, custom built for high-speed trading. It enables ultra-low latency trade execution, achieving less than 3ns FPGA transceiver latency and breakthrough ‘tick-to-trade' performance not achievable with standard off-the-shelf FPGAs¹.

“Speed is the ultimate advantage in the increasingly competitive world of high-speed trading,” said Yousef Khalilollahi, corporate vice president & general manager, Adaptive Computing Group, AMD. “The Alveo UL3422 card provides a lower-cost entry point while still delivering cutting-edge latency performance, making it accessible to firms of all sizes that want to stay competitive in the ultra-low latency trading space.”

New Slim Form Factor for Cost-Effective Deployment
The Alveo UL3422 accelerator card is packaged in a slim FHHL (full height, half length) form factor designed to fit into a wide range of servers and co-location exchange data centers.

Compared to its predecessor, the Alveo UL3422 accelerator reduces port density, on-board memory, and connectivity options, while still being powered by the same AMD Virtex UltraScale+ VU2P FPGA for ultra-low latency.

As a result, the Alveo UL3422 is half the size with equivalent performance to the existing Alveo UL3524 accelerator card which holds the current STAC-T0 benchmark world record for tick-to-trade performance¹. The slim FHHL form factor of the Alveo UL3422 allows financial institutions to cost-effectively optimize compute density and rack-space.

Ecosystem Solutions and Fast Path to Trade
The Alveo UL3422 accelerator card is designed for a fast path to deployment by utilizing available infrastructure ecosystem solutions and reference designs, giving trading developers the edge they need for rapid design closure and time to market.

It is supported by a growing network of ecosystem partner solutions that provide IP and development frameworks to enable the rapid implementation of trading solutions.

• Exegy, a provider of end-to-end, front-office trading solutions, is supporting the AMD Alveo UL3422 card with its Development Framework (nxFramework). nxFramework is a hardware and software development environment designed to efficiently build and maintain ultra-low latency FPGA applications for the financial industry.
• Hypertec, a provider of hardware, cloud, and value-added solutions for the financial services industry, has closely collaborated with AMD. The company’s HF X410R-G6 server is certified to support the Alveo UL3422 accelerator, making it the first 1U server fully optimized for this card.
• Xelera Technologies, a software provider for high-speed network technology and machine learning (ML) applications, collaborated with AMD to help overcome the latency drawback of ML algorithms in high-frequency trading. With Xelera Silva users can take advantage of real-time, ML-based trading decisions while leveraging XGBoost, LightGBM, CatBoost and other advanced models.
  

The Alveo UL3422 supports traditional FPGA flows using the AMD Vivado^™ Design Suite and 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.

AMD is also providing developers with the open-sourced and community-supported FINN development framework, enabling low-latency AI models to be deployed into high-performance trading systems. FINN uses PyTorch and neural network quantization techniques designed to reduce the size of AI models while maintaining accuracy. The FINN compiler generates Quantized Neural Network (QNN) Hardware IP blocks that can be used with AMD FPGAs.

The AMD Alveo UL3422 accelerator card is currently available and shipping in production volumes to global financial services customers.

Supporting Resources

• Learn more about the Alveo UL3422 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, UltraScale, 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 The 2024 AMD world record for actionable latency is based on 3rd party testing commissioned by AMD and Exegy, by Strategic Technology Analysis Center, LLC (STAC®) in April 2024, using the STAC-T0 benchmark to test the AMD Alveo UL3524 accelerator card powered by the AMD Virtex Ultrascale+ VU2P FPGA, running on the Exegy nxFramework and Exegy nxTCP-UDP-10g-ULL IP Core, in a Dell PowerEdge R7525 server with AMD EPYC 7313 processors. See https://stacresearch.com/news/AMD240422 for the full STAC report. AMD holds the previous world record for latency (2020): https://www.stacresearch.com/news/XLX200514. Stated results for the Alveo UL3524 accelerator have been extrapolated to the AMD Alveo UL3422 card based on identical silicon and product features. (ALV-20).

Media Contacts:
Mike Sanchez
 AMD Communications
+1 209-262-7458
M.Sanchez@amd.com

Mitch Haws
AMD Investor Relations
+1 408-749-2845
Mitch.Haws@amd.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/416bce0e-416e-4cd3-8e25-a89b97c24f09

FAQ

What is the AMD Alveo UL3422 accelerator card?

The AMD Alveo UL3422 is the latest ultra-low latency electronic trading accelerator card designed for high-frequency trading applications. It features a slim form factor and is powered by an AMD Virtex UltraScale+ FPGA, achieving less than 3ns FPGA transceiver latency.

How does the AMD Alveo UL3422 compare to its predecessor?

The AMD Alveo UL3422 is half the size of its predecessor, the UL3524, while maintaining equivalent performance. It reduces port density, on-board memory, and connectivity options, but is optimized for rack space and cost-effective deployment.

What ecosystem support is available for the AMD Alveo UL3422?

The AMD Alveo UL3422 is supported by ecosystem partners such as Exegy (with nxFramework), Hypertec (with HF X410R-G6 server), and Xelera Technologies (with Xelera Silva). It also supports traditional FPGA flows using the AMD Vivado Design Suite and comes with reference designs and performance benchmarks.

When will the AMD Alveo UL3422 be available?

The AMD Alveo UL3422 accelerator card is currently available and shipping in production volumes to global financial services customers.