About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

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

Subscribe to our newsletter

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.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The future of market data – Harnessing cloud and AI for market data distribution and consumption

Market data is the lifeblood of trading, but as data volumes grow and real-time demands increase, traditional approaches to distribution and consumption are being pushed to their limits. Cloud technology and AI-driven solutions are rapidly transforming how financial institutions manage, process, and extract value from market data, offering greater scalability, efficiency, and intelligence. This webinar,...

BLOG

Discover How AI, Modular Architectures, and 24/7 Markets Are Reshaping the Future of Trading Technology

Now in its 13th year, A-Team Group’s TradingTech Briefing New York returns on June 24th to convene leading technologists, strategists, and innovators from across the buy side and sell side for a focused look at how trading infrastructure is evolving to meet the demands of a rapidly changing market landscape. From AI-powered transformation in the...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

The Global LEI System – Slow but Sure

After what looked like a slow start to the summer, the initiative to establish a global standard for legal entity identifiers (LEIs) took a series of significant leaps forward during August, that appears to have put the project firmly back on track. If the marketplace felt a little reticent in June and July, it could...