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

Burstream Rolls NanoSpeed Mesh – Sub-Microsecond Managed Data Service

Subscribe to our newsletter

Burstream – a new entrant to the market data space – has gone live with the first market on its NanoSpeed Mesh, a managed service leveraging FPGA-based technology from NovaSparks (see separate post here).  The company is now delivering Nasdaq OMX data to customers co-located at the exchange’s Carteret, NJ data centre, typically in 600 nanoseconds.

As well as very low latency, by providing a turnkey, managed service, Burstream is seeking to make it easy and inexpensive for trading firms to deploy their proprietary trading models, says Paul Barringer, CEO of the company.

At Nasdaq’s co-lo, Burstream has built an infrastructure comprising NovaSparks’ data feed appliance, routers from Arista Networks and servers from Super Micro Computer. Customers can “show up with their algo and turn it on in a day,” says Barringer.

If customers don’t want to run their code on Burstream’s servers, they can cross connect to their own, says Barringer, who notes that even some major firms are choosing to go with the completely managed service in order to avoid the effort, expense and time it takes to provision their own equipment.

The NovaSparks appliance offers very low latency by dint of its total FPGA – Field Programmable Gate Array – design (no use of a traditional CPU).  It provides data feed processing and order book creation, with highly deterministic (that is, very low jitter) processing even when inbound message volumes are very high. Burstream pegs this at 600 to 900 nanoseconds.

Next up for Burstream is to bring on line its infrastructure at the 350 East Cermak data centre in Chicago to handle Chicago Mercantile Exchange data. That data will be fed not only to customers that co-locate at that facility, but will also be routed via fibre connectivity to Carteret. In due course, as Burstream adds co-lo/data collection sites, data will be fed to all nodes on its mesh network. It will make use of technology from Vello Systems in that endeavour.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlock the Future of European Equities & Trading Technology: 2024 and Beyond!

In a world where the financial landscape is perpetually evolving, 2023 has brought widespread discussions around liquidity, regulatory shifts in the EU and UK, and advancements like the consolidated tape in Europe. For the year ahead in 2024, the European market is poised for transformative changes that will influence the future of trading technology and...

BLOG

Bloomberg Introduces Data Access Extension for Enhanced TCA

Bloomberg has launched Data Access, a new extension to the Bloomberg Transaction Cost Analysis solution (BTCA), designed to provide clients with easier access to data through an API integration. The new extension allows users to consolidate their trading information with Bloomberg’s comprehensive reference and pricing data, enabling the creation of custom data solutions on top...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Regulatory Data Handbook 2018/2019 – Sixth Edition

In a testament to the enduring popularity of the A-Team Regulatory Data Handbook, we are delighted to publish a sixth edition for 2018-19 of our comprehensive guide to all the regulations and rules that might impact data and data management at your institution. As in previous editions of the Regulatory Data Handbook, we have updated...