NEW YORK & LONDON & PARIS--(BUSINESS WIRE)--NovaSparks™, the leading field programmable gate array (FPGA) market data company, today announced that it has added the two BATS Options exchanges, BZX Options and EDGX Options, to its list of supported markets. BATS Options feeds are among the most challenging options feeds for any market data feed-handler. In addition to the very high message rates, they also provide full depth information, thus requiring heavier processing to construct the book. With this expanded offering, NovaSparks confirms that banks and trading firms do not have to choose between speed and market coverage when upgrading their market data infrastructure.
“Adding support for BATS Options underscores our commitment to increasing NovaTick’s coverage of the options markets,” said Luc Burgun, CEO of NovaSparks. “Processing full-depth options feeds like BATS Options in under a microsecond demonstrates true hardware technology prowess since we are able to process 64,000 instruments per FPGA module, or 256,000 instruments per NovaTick appliance.”
NovaTick’s average latency for the processing of a BATS Options packet is 995 nanoseconds, measured wire-to-wire. This is combined with a level of determinism that only an FPGA can deliver where the latency remains below 1,300 nanoseconds for 99.99 percent of the packets. NovaTick is based on a pure FPGA architecture, 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 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.