POET Technologies (POET) 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 is a type of automated trading that uses powerful computers to execute a large number of trades in fractions of a second. The multi-phase project is a pioneering effort to increase the speed and decrease the latency inherent in current transceiver solutions utilized by securities trading operations. The first phase of the project will begin immediately with POET designing prototypes of POET Optical Interposer-based transceiver engines built to meet the customer’s specification. Subsequent phases include building additional prototypes and, if successful, production optical engines customized for this application.
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