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: Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows

Enhancing Buy-Side Trading Efficiency: Navigating Interoperability and AI in Real Workflows Emerging capabilities in AI and interoperability are transforming trading workflows, with the promise of heightened levels of collaboration and personalisation resulting in greater efficiency and performance. The potential of these new technologies is encouraging financial firms to modernise their trader desktops and streamline operational...

BLOG

Resilience Amid Conflict: Maintaining Operations During the Ukraine Crisis

When Russia attacked Ukraine in February 2022, escalating the war that had started in 2014, the humanitarian and economic impacts were immediately profound and far-reaching. The invasion and subsequent attacks caused the widespread destruction of homes, schools, hospitals, and critical infrastructure such as water and electricity supplies, severely affecting living conditions and access to essential...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

High Performance Technologies for Trading

The highly specialised realm of high frequency trading without doubt is a great driver for a range of high performance technologies that are becoming essential tools for Wall Street. More so than the now somewhat pedestrian algorithmic trading and analytics/pricing applications that are usually cited as the reason that HPC is hitting the financial markets,...