Novasparks and Thesys partnership provides managed and integrated FPGA-based market data service at deterministic, nanosecond speed.
New York, London, Paris – NovaSparks, the field programmable gate array (FPGA) market data company, has signed an agreement with Thesys Technologies to begin offering ultra-low latency market data service to Thesys’ customers powered by NovaSparks. Based on a pure FPGA architecture where all the processing is done in hardware, NovaSparks’ data feed handler helps trading firms to maintain low latency processing in all market conditions.
“Today, FPGA technology is an essential component of any high speed trading infrastructure. FPGAs are able to handle very large market data bursts while maintaining a deterministic latency profile,” said Manoj Narang, CEO of Thesys Technologies.
“Partnering with NovaSparks allows Thesys to make the technology cost-effective and easily available to all our customers.” Luc Burgun, NovaSparks’ president and CEO, commented. “We are pleased to join forces with Thesys to begin offering pure FPGA market data service. This will allow trading firms to take advantage of a cost-effective, quick-start subscription service.”
The solution is initially being deployed for a first customer to handle the five main U.S. equity markets. Future expansions will follow customer demand, taking advantage of NovaSparks’ extensive global coverage of 30 feeds which are all normalized into a common format that is easy to integrate thanks to a robust C++ API.
