Paris-based market data company NovaSparks, which offers field programmable gate array (FPGA) services, has added 10 markets to its NovaTick ticker plant product.
The additions bring NovaSparks total coverage in NovaTick to a total of over 50 markets. The new markets include the Osaka Securities Exchange, Chi-X Japan and SBI JapanNext in Japan; the Australian Stock Exchange and Chi-X Australia; the Hong Kong, Johannesburg, Nasdaq Nordic and Oslo stock exchanges; and Omega ATS in Canada.
“Our ability to add so many feeds in such a short period of time demonstrates our capacity to quickly respond to customer demand and the maturity of our development methodology,” said Luc Burgun, CEO of NovaSparks, in a statement. “NovaTick combines the speed and determinism that only pure FPGA processing can deliver, together with the coverage and functionalities typically found in software-only solutions.”
NovaTick’s FPGA architecture processes market data in real time, reducing latency, and supporting exchange recovery functions. NovaTick can be consumed in a single API, and its functions include A/B arbitration, decoding parsing, book building, filtering, normalization and distribution, according to Burgun.
With its coverage of multiple markets, NovaTick can ensure lowest latency throughout a user’s infrastructure, when that user’s cross-border trading uses microwave links for transmissions, added Burgun.