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.”