Field programmable gate array (FPGA) market data services provider NovaSparks has completed its array of supported feeds with the addition of the Securities Information Processors (SIP) feed, according to Olivier Baetz, chief operating officer of the company.
NovaSparks now supports direct feeds for all 12 US equity protected markets — the SIP feed was the last one missing, adds Baetz. SIP feeds are a consolidated view of all 12 of the US equity protected markets combined with regulatory information. NovaSparks began its support of SIP feeds in April.
The provider’s addition of the feeds also complements its market data solution, according to Baetz. “SIP feeds are important in deployment of a US equity solution because they provide important regulatory information, such as limit-up/limit-down price bands,” he says. “They can be a substitute for some direct feed. A bank or a firm may elect to consume only 10 feeds directly, and the remaining two through the SIP. It is a fairly common deployment. They can act as a back-up solution in case of a temporary issue with a direct feed.”
NovaSparks is the first US FPGA provider to offer a SIP feed in its equity solution. “Our message to our customers is that they can get it all: pure FPGA speed, but also coverage and functionalities,” says Baetz. “The availability of SIP feeds address the functionality element of this equation.”
Nova feed handlers have 800 nanoseconds of latency, measured wire-to-wire. The company’s newer NovaTick service offers greater speed, functionality, scalability and coverage.