A-Team Insight Blogs

Anova Offers Fastest Known Market Data Service Between Chicago and New Jersey

Share article

Low-latency connectivity centred on the New Jersey Equity Triangle is hotting up with Anova Financial Networks planning to introduce what it claims will be the fastest commercially available delivery of normalised market data from the Chicago Mercantile Exchange (CME) to the New Jersey Equity Triangle of BATS, NASDAQ and the New York Stock Exchange (NYSE) in June.

Earlier this month, McKAy and Quincy connected the exchanges in the New Jersey Equity Triangle with what they say is the lowest latency in the market and offered provision of raw exchange equity feeds from one exchange to the data centres of the other two at the lowest latency.

Anova will initially simulcast a highly liquid basket of CME symbols to all New Jersey Equity Triangle endpoints over its high availability microwave network based on a field programmable gate array (FPGA) platform. The platform maintains the integrity of the data and provides a short and easy development cycle for clients that haven’t previously written to Anova’s normalised feed application programming interface (API). Subsequent service sets on this line will include products from the options, cash and equity markets.

Michael Persico, CEO and founder of Anova, expects the Chicago to New Jersey service to be valuable to wealth and money managers, hedge funds and institutional investment advisors, as well as classic clients including banks, brokerages and proprietary traders.

The service adds to other recent extensions to the Anova financial trading network, which reaches key markets across North America, Europe and Asia. Over the past few months, the company introduced a four-site network expansion in Asia offering what it calls ‘the best-known latency’ between financial hubs. The region’s first route, Singapore (SGX) to Tokyo (CC2), is now live.

Leave a comment

Your email address will not be published. Required fields are marked *

*

Related content

WEBINAR

Upcoming Webinar: Moving the trading technology stack to the cloud

Date: 17 September 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Migration of financial apps and data to the cloud is well underway as financial institutions take the opportunity to cut the cost of running systems on premise, scale as and when required, and spin up test environments quickly and inexpensively. Moving the...

BLOG

Equities Trading Solutions: to Buy or Build?

Why you need a mix of third-party and in-house technology, and how to get it right By: Steve Grob, CMO, ION Capital Markets, Fidessa Since the global financial crisis, top-tier equities trading businesses have been contending with a mounting series of challenges. Volumes have flattened. Commissions have fallen. Regulation has tightened. Meanwhile, the rise of...

GUIDE

A-Team Group’s Valuations Vendor Directory 2009

An indispensable guide to valuations professionals seeking providers of services in the asset valuations market. A-Team Group’s latest release in its series of directories – available for FREE download – focuses on vendors of valuations data, models and analytics. But this is not just another list of firms with their telephone numbers – you can get that...