POET Technologies (TSX Venture: PTK; NASDAQ: POET) has signed an agreement to develop a specialized optical engine for a global financial services firm operating in high-frequency trading (HFT). HFT relies on ultra-fast automated trading systems that execute large volumes of trades in fractions of a second. The partnership marks POET’s entry into a new market segment while adding a fresh revenue stream.
The project aims to reduce latency and increase speed in transceiver solutions used by securities trading platforms. POET will begin by designing prototypes of optical engines based on its Optical Interposer platform, tailored to the firm’s specifications. If initial phases succeed, the company will move into further prototyping and eventual production of custom optical engines for deployment in trading infrastructure.
• POET Technologies partners with a global capital markets firm to develop a custom optical engine for high-frequency trading.
• The project involves multiple phases, starting with prototype development and potential full-scale production.
• The solution is based on POET’s Optical Interposer platform, designed to reduce latency and improve performance in trading networks.
• The agreement provides immediate revenue for POET and expands its presence into the financial technology sector.
“We are delighted to have embarked on this ambitious project with a global leader in HFT,” said Raju Kankipati, Chief Revenue Officer of POET. “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.”
