NovaSparks Releases Five Market Data Feed Handlers Based on a FPGA Market Data Matrix Architecture

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NovaSparks

27 Feb, 2012, 01:00 GMT

BOSTON and PARIS, February 27, 2012 /PRNewswire/ --

 

- FPGA Feed Handlers offer Nanosecond Speeds

NovaSparks, a company dedicated to FPGA technologies for Capital Markets, announces five market data feed handlers using its unique FPGA Market Data Matrix architecture. The FPGA Feed Handlers process streaming data with an average latency of 400 nanoseconds and a maximum latency of 700 nanoseconds, 99.99 percent of the time.

The FPGA Matrix Feed Handlers are now available for:

  • BATS PITCH for BYX and BZX feeds
  • DirectEdge NG-A and NG-X feeds
  • Arca XDP Integrated feed (available when the new format is released)
  • LSE Millennium Level 2
  • Turquoise Millennium Level 2

"Our FPGA Market Data Matrix Feed Handlers process the cash equity feeds in less than 700 nanoseconds even during micro bursts and message volumes peaks," states Yves Charles, CEO NovaSparks. "No other commercial offering supports this claim," continues Charles. 

The feed handlers are designed for principal trading firms requiring consistent processing speeds, especially during heavy market volume. Referred to as deterministic latency, the FPGA Matrix architecture eliminates latency fluctuations typically seen in conventional software and hybrid FPGA approaches. Alternative approaches using FPGAs, known as 'hardware accelerated', use FPGA cards inside traditional CPU based servers to off load a subset of functions from the CPU. "The NovaSparks approach is to use a matrix of FPGAs at the heart of the Feed Handler to eliminate all bottlenecks," clarifies Charles.  

The company is rapidly rolling out feed handlers for Equity and Futures Exchanges across Europe and North America. CME, NASDAQ, and EUREX are currently available. NovaSparks is accelerating the development of the FPGA Market Data Matrix with proprietary compilers that lessen the need for VHDL programmers while tuning the firmware for consistent, ultra-low, nanosecond latencies. 

The FPGA Market Data Matrix can scale across the entire market by chaining feed handler appliances together. Functionality of the feed handlers include subscription-based filtering, feed normalization and the ability to fan out the data using 10G or PCIe (PCI Express®) connections.

About NovaSparks http://www.novasparks.com

Founded in 2008 and backed by Partech Investors, NovaSparks Inc. is based in Paris France and Boston MA. USA, with sales offices in London and New York.   

For details on latency tests and background on FPGA architectures for Capital Markets, please contact:
Marie Giangrande
marie@publicnotions.com
+1-203-536-1334