NovaSparks Dramatically Improves its Feed-Handler Performance for the Chicago Mercantile Exchange
05 October 2015 - 3:00PM
Business Wire
The FPGA market data company slashes latency
by 40% for the CME’s MDP3 feed with NovaTick
NovaSparks™, the leading field programmable gate array (FPGA)
market data company, today announced that it has reduced the
latency for processing the Chicago Mercantile Exchange’s (CME) main
feed, the Market Data Protocol 3 (MDP3), by 40 percent with its
latest generation platform, NovaTick. The CME trades several types
of financial instruments including futures on interest rates,
equity indexes, currencies, and commodities.
“We continuously monitor and improve our performance in order to
lead the latency race in pure FPGA market data processing,” said
NovaSparks CEO, Luc Burgun. “Our feed handlers continue to provide
exceptional speed and determinism while offering a rich set of
features, which are usually found only in software solutions. By
using NovaTick, banks and trading firms do not have to sacrifice
speed for functionality or vice-versa.”
NovaTick typically provides sub-microsecond processing time for
major equity and futures feeds around the world, reaching an
average of 750 nanoseconds (ns) on the CME, measured wire-to-wire.
This is one to two orders of magnitude faster than traditional
software solutions. NovaSparks was able to cut the overall latency
by increasing the parallelism of the internal processing
architecture and by reducing the Ethernet interface latency. All
upcoming level-based market feed handlers will incorporate these
enhancements.
NovaTick supports four times the number of instruments and five
times the input/output bandwidth compared to its predecessor.
NovaTick’s pure FPGA matrix architecture is augmented with tightly
integrated multi-core Intel processors to perform non-latency
sensitive tasks such as exchange recovery functions. NovaSparks’
ticker plants all have a common output format across markets,
consumed with a single application-programming interface (API),
which allows for easy integration in any trading environment.
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 38 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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version on businesswire.com: http://www.businesswire.com/news/home/20151004005037/en/
NovaSparks, Inc.Barbara Rizzatti,
971-998-9404marketing@novasparks.com