News: Optoelectronics
3 February 2025
POET engaged by global financial services firm to develop custom optical engine
POET Technologies Inc of Toronto, Ontario, Canada — designer and developer of the POET Optical Interposer, photonic integrated circuits (PICs) and light sources for the data-center, telecom and artificial intelligence (AI) markets — 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.
The multi-phase project is said to be a pioneering effort to increase the speed and decrease the latency inherent in existing transceiver solutions utilized by securities trading operations. The first phase begins immediately, with POET designing prototypes of 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.
“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,” notes POET’s chief revenue officer Raju Kankipati.
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