The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

NovaSparks Cites Nanosecond Performance of FPGA Data Appliance

NovaSparks has released performance data for its FPGA-based data feed appliance based on the highly volatile market conditions in August, noting average latencies of 400 nanoseconds, and extreme cases of 900 nanoseconds.

On test was NovaSparks’ Gen2 appliance, which is based entirely on FPGA (Field Programmable Gate Array) technology (i.e. unlike some competing products, no traditional CPU is used).

Gen2 is a 2U rackable appliance based on FPGAs from Altera, equipped with 21 ports for inputs and outputs, which can be configured for either 10 gigabit Ethernet or PCI-Express (up to 12 ports).  The appliance draws 180 watts of power.

10 gigabit data feeds from Nasdaq, NYSE Arca and Bats are currently supported, and a single appliance can handle multiple markets being fanned-out to several receiving servers.

NovaSparks’ tests focused on handling the Nasdaq TotalView full order book feed, and resulted in average processing latencies within the appliance of 400 nanoseconds, 99th percentile latencies of 700 nanoseconds, with a few extreme cases (e.g. long messages at peak burst times) of 900 nanoseconds.

In a real-life configuration, end-to-end latencies (from data source to receiving server) are typically a maximum of 1.5 microseconds, using PCI-Express as the interface. 10gE latencies are a bit slower, depending on the type of network interface card.

NovaSparks CEO Yves Charles says the company has both customers and proof-of-concept prospects using Gen2.  Customers and prospects are generally using the appliance for:

– Provision of managed services (such as Burstream)
– High Frequency Trading operations
– Market making activities
– Enterprise data delivery with a general low-latency requirement

Next up for Novasparks is to add further data feeds, with a focus on the options and futures markets.

Related content

WEBINAR

Recorded Webinar: Approaches to migrating market data to the cloud to drive agility in trading operations

Market data in the cloud is an attractive proposition in terms of reducing the cost of on premise servers and storage, and moving into a more agile and flexible data delivery environment. It is also well suited to working from home, the fall-back of many financial institutions during lockdowns caused by the coronavirus pandemic. But...

BLOG

TP ICAP Sets Up Parameta Solutions as New Brand for Data, Analytics and Post-Trade Offerings

TP ICAP has set up a new business, Parameta Solutions, to provide a flagship brand for its data and analytics division. It is due to be opened officially next week. Parameta’s data and analytics offerings will include unbiased OTC content and proprietary data, in-depth insights across price discovery, risk management, benchmarks and indices, and pre...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Enterprise Data Management Europe 2010

he US may seem to be ahead of the rest of the world in terms of championing the data management cause with the inclusion of reference data focused items in the Dodd-Frank Act, but Europe is not too far behind. Senior European level officials such as European Central Bank (ECB) president Jean-Claude Trichet have taken...