Quincy Data, a division of McKay Brothers, has partnered with field programmable gate array (FPGA) market data technology vendor NovaSparks, to integrate the Quincy Extreme Data (QED) Feed into NovaSparks’ NovaTick ultra-low latency ticker-plant, which leverages FPGA matrix architecture to meet the high-performance demands of electronic trading platforms.
The integration allows NovaTick to process the QED feed, converting it into NovaSparks’ standardised wire format in just 400 nanoseconds. Additionally, NovaTick can deliver the QED wireless market data via both NSMDA, its software C++ API, and NovaLink, its hardware API. Arbitration between the QED wireless and fibre feeds is also available, to provide a reliable and normalised market data stream.
Luc Burgun, NovaSparks’ CEO and President, comments: “The vast majority of our customers are trading across geographies and asset classes. Often, they rely on wireless services to transport market data at the fastest speed. This collaboration will not only simplify their trading architecture, but it will also give them an opportunity to further reduce the overall latency of market data sent abroad via wireless services. The addition of the QED feed brings our global feed total to 75, confirming our leading position among all the FPGA-centric market data solutions providers. This puts us in a unique position to offer unparalleled service.”
FPGA technology is increasingly critical in high-speed trading infrastructures due to its ability to manage large market data bursts while maintaining consistent latency. The Quincy Extreme Data service provides a normalised feed of market data from financial exchanges worldwide, reaching multiple points of presence across the U.S., Europe, India, and Asia. “This new solution will give all NovaSparks customers a very efficient way to use market data from our wireless service directly into their trading platforms,” says Stéphane Tyc, Quincy Data’s co-founder.
According to NovaSparks, its NovaTick pure FPGA processing architecture is one to two orders of magnitude faster than traditional software solutions. Its FPGA feed handlers offer a normalised output format, simplifying the integration of new feeds for customers.
Alain Katchouni, Managing Director, Head of ETF and Electronic Trading at National Bank Financial Inc., one of Canada’s six systemically important banks, comments: “Support of the QED feed by NovaTickTM allows us to benefit from the tight integration we already have between NovaTickTM and our trading platform. This new addition simplifies and accelerates our trading environment when we use Quincy Extreme Data service.”
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