12.16.2016

NovaSparks Market Data Coverage Tops 50 feeds

12.16.2016

NovaSparks –  NEW YORK, LONDON, PARIS – NovaSparks, the leading field programmable gate array (FPGA) market data company, announced that it has significantly expanded the market data coverage of NovaTick, its flagship ticker plant product. The Company added 10 markets across Japan, Australia, Hong Kong, Northern Europe and Canada in the last five months. The rapid expansion of NovaTick’s feed coverage further ensures that banks and trading firms do not have to compromise coverage for performance. Compared to traditional software solutions, NovaTick is five to 10 times faster on average, and 50 to 100 times faster during traffic peaks.

Luc Burgun, NovaSparks CEO said: “Our ability to add so many feeds in such a short period of time demonstrates our capacity to quickly respond to customer demand and the maturity of our development methodology. We now cover over 50 feeds globally. More than ever, NovaTick combines the speed and determinism that only pure FPGA processing can deliver, together with the coverage and functionalities typically found in software only solutions.”

The 10 Markets That Were Recently Added

In Japan: Osaka Securities Exchange, CHI-X Japan and SBI JapanNext
In Australia: Australian Stock Exchange and CHI-X Australia
In Hong Kong: Hong Kong Stock Exchange
In South Africa: Johannesburg Stock Exchange
In Northern Europe: Nasdaq Nordic and Oslo Stock Exchange
In Canada: Omega ATS

NovaTick’s design is based on a pure FPGA architecture where all real-time market data processing functions are performed in hardware resulting in the lowest and most deterministic latency. This FPGA-centric architecture is augmented with tightly integrated Intel processors to support non-latency sensitive tasks such as exchange recovery functions. NovaSparks’ ticker plants have a common output format across markets. They are consumed with a single application programming interface (API), which allows banks and trading firms to deploy additional feed-handlers quickly and effortlessly.

About NovaSparks, Inc.

NovaSparks is the leader in FPGA-based high performance and ultra-low latency market data solutions for the financial industry. NovaSparks unique FPGA centric approach delivers sub microsecond processing latency including book building, even during market peak periods. Available for over 50 feeds among the major Equity, Futures and Options venues across North America, Europe and Asia, the feed handlers are packaged in ‘easy-to-deploy’ appliances offering an extensive fan-out capability for market data distribution. Founded in 2008 and backed by well-established investors, NovaSparks’ offices are located in Paris, France and New York, USA.

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