|[July 08, 2014]
NovaSparks and Thesys Technologies Partner to Offer FPGA-Powered Market Data Service
NEW YORK & LONDON & PARIS --(Business Wire)--
NovaSparks™, the leading field programmable gate array (FPGA) market
data company, today announced that it has signed an agreement with
Thesys Technologies ("Thesys") to begin offering ultra-low latency
market data service to Thesys' customers powered by NovaSparks. Based on
a pure FPGA architecture where all the processing is done in hardware,
NovaSparks' data feed handler enables trading firms to maintain
ultra-low latency processing in all market conditions.
"Today, FPGA technology is an essential component of any high speed
trading infrastructure. FPGAs are able to handle very large market data
bursts while maintaining a deterministic latency profile," said Manoj
Narang, CEO of Thesys Technologies. "Partnering with NovaSparks allows
Thesys to make the technology cost-effective and easily available to all
Based on a pure FPGA matrix architecture, NovaSparks' feed handlers
operate all aspects of market data processing inside the FPGAs. These
include decoding, parsing, order management, book building, filtering
and data distribution. Pure FPGA processing enables NovaSparks to
deliver he lowest and most deterministic latency. In addition, FPGA
solutions inherently offer higher resiliency than software thanks to the
more static and self-contained nature of their environment.
Luc Burgun, NovaSparks' president and CEO, commented, "We are pleased to
join forces with Thesys to begin offering pure FPGA market data service.
This will allow trading firms to take advantage of a cost-effective,
quick-start subscription service."
The solution is initially being deployed for a first customer to handle
the five main U.S. equity markets. Future expansions will follow
customer demand, taking advantage of NovaSparks' extensive global
coverage of 30 feeds which are all normalized into a common format that
is easy to integrate thanks to a robust C++ API.
About Thesys Technologies
Thesys Technologies LLC is the technology affiliate of Tradeworx,
serving the high-performance technology needs of market participants
with the mission of democratizing the spread of top tier technology
within the financial sector. Thesys offers the fastest and most
comprehensive front-to-back trading solution on the market, in addition
to matching engine, risk check, data, cloud-based analytics, and
surveillance technology, putting investors and traders on a level
playing field with the world's most sophisticated financial firms.
Thesys maintains a leadership position within the automated trading
industry and its systems currently handle approximately 5% of US
Equities total daily trading volume.
About NovaSparks, Inc.
NovaSparks is the leader in FPGA-based high performance and ultra-low
latency market data solutions for the financial industry. NovaSparks
unique FPGA centric approach delivers sub microsecond processing latency
including book building, even during market peak periods. Available for
over 30 feeds among the major Equity and Futures venues across North
America, Europe and Asia, the feed handlers are packaged in
'easy-to-deploy' appliances offering an extensive fan-out capability for
market data distribution. Founded in 2008 and backed by well-established
investors, NovaSparks' offices are located in Paris, France and New
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