About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

NovaSparks Offers FPGA Optimised Market Data Distribution for Microwave Networks

Subscribe to our newsletter

Field programmable gate array (FPGA) market data distribution company NovaSparks has developed patent pending bandwidth shaping and market data conflation mechanisms that allow its FPGA ticker plant, NovaTick, to automatically adapt its output data rate to meet microwave networks’ strict bandwidth requirements.

Transmitting market data updates over microwave networks is notoriously challenging due to the networks’ inherently low bandwidth capacity. Heavy traffic periods magnify the challenge. NovaSparks’ new output interface means banks and trading firms can use NovaSparks deployments to distribute market data efficiently over their existing microwave networks.

NovaTick’s microwave optimised output feature is implemented in pure hardware that provides lower and more deterministic latency than comparable software solutions. In addition to bandwidth shaping and market data conflation, NovaTick provides the ability to aggregate trades and publish snapshots. Available for all 60 feeds in the NovaTick catalogue, the new is an additional output to those already in place and including 10Gig Ethernet, PCIe DMA and NovaLink options.

Luc Burgun, CEO at NovaSparks, says: “Market data distribution over microwave networks is an expensive yet critical part of any ultra-low latency trading infrastructure. Conflation ensures the most recent market data updates are transmitted, while simultaneously eliminating large latency peaks that would otherwise occur during market bursts.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Modernising Equities Trading Infrastructure: Architecture, Resilience and the Economics of Change

Equities markets are entering a more distributed, always-on phase. Liquidity is fragmenting across venues and geographies, trading hours are extending toward 24/5 and beyond, and market data volumes, investor expectations and competitive pressure are all rising at once. Many of the platforms that still underpin the equities industry were built for a different era –...

BLOG

Pyth and Exa Explore New Market Data Model for AI Agents

Pyth Network and AI-native search provider Exa are collaborating to explore how AI agents can combine financial market data with web-based research, potentially opening up new approaches to data distribution, licensing and consumption as agentic AI becomes more widely adopted in financial services. The collaboration, currently in an early testing phase, brings together Exa’s search...

EVENT

Eagle Alpha Alternative Data Conference, Fall, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...