The FPGA Arm runs three teams in parallel. One builds a market taker that reacts to short-term inefficiencies with minimum latency. One builds a market maker that continuously adjusts quotes to capture the maximum spread. The third builds an FPGA exchange that matches orders and broadcasts the data feed to the other two.
For 2026-27, the arm runs separately from the main exchange. The goal of this year is to lay the foundations and test the architecture, with parts of QTE running on physical FPGAs on-site within three to four years.