NEW YORK & LONDON & PARIS--(BUSINESS WIRE)--NovaSparks™, the leading field programmable gate array (FPGA) market data company, today announced that it has added the Chicago Stock Exchange (CHX) Book Feed to its list of supported feeds, completing its coverage of the U.S. cash equity direct feeds for the protected markets. The other supported equity markets include NASDAQ, NASDAQ BX, NASDAQ PSX, BATS BZX, BATS BYX, BATS EDGA, BATS EDGX, NYSE, NYSE ARCA and NYSE Market. With the addition of CHX, banks and trading firms can now leverage NovaTick, NovaSparks’ latest generation feed handler, to compute the national best bids and offers and satisfy their Regulation National Market System (Reg NMS) obligations.
“We are thrilled to add the Chicago Stock Exchange to our list of supported feeds and offer the fastest solution with the most comprehensive market coverage,” commented NovaSparks CEO Luc Burgun. “Now our customers will have the best of both worlds: speed and determinism on one hand, and a rich feature set backed by an extensive coverage on the other. We have reached a milestone that makes our offering truly unique in this industry.”
NovaSparks’ latest generation feed handler has the most complete coverage of any pure hardware solution currently available. NovaTick offers a level of determinism that only an FPGA can deliver, even and especially during market data peaks. With NovaTick, investment banks and trading firms now have the complete package at their fingertips: speed, functionality, scalability and coverage.
NovaTick feed handlers are incredibly fast with 1.2 microseconds of latency, measured wire-to-wire when using the Ethernet output, or measured wire-to-memory when using the PCIe fan-out option. This pure FPGA matrix architecture is augmented with tightly integrated multi-core Intel processors to support non-latency sensitive tasks such as exchange recovery functions. NovaSparks’ ticker plant has 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 35 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.