HPR, which was founded as Hyannis Port Research, takes home the award thanks to its Riskbot platform. The solution performs 80-plus risk checks in 360 nanoseconds, and the company sees more than 10% of the US equity market volume flow through the platform as well as 15% of Australia’s.

But despite Riskbot’s impressive speed, HPR felt that the network switches its systems fed into represented a drag on performance. As a result, the vendor set out to develop a device that would integrate market access, risk management, data and latency capture functionality into a multi-application switch. Through the combination of FPGA-based risk hardware and a network switch within a single device, HPR felt it could create a “net-zero” latency solution by performing risk checks in parallel with switching.

In November 2018, its vision became a reality with the launch of Omnibot.