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NovaSparks Expands Its Coverage of the Canadian MarketsNovaSparks™, the leading field programmable gate array (FPGA) market data company, today announced that it has expanded its coverage of the Canadian markets to include Canada's oldest exchange, the Montreal Exchange (MX). MX is a fully-electronic Canadian exchange that trades futures contracts on equities, indices, and currencies, among others. NovaSparks' ultra-low latency feed handlers, based on a powerful FPGA matrix architecture, already support other important Canadian markets ncluding the Quantum (News - Alert) feeds for Toronto Stock Exchange (TQL2), Alpha (AQL2), Select (SQL2) and Venture (VQL2), as well as CHI-X Canada and CX2. "NovaSparks feed handlers are providing exceptional speed and determinism while incorporating a rich set of features, typically only found in software solutions," said Etienne Dubuc, Head of Equity Derivatives Trading at National Bank Financial. "This addition of the Montreal Exchange to the list of supported markets will make NovaSparks an even more attractive solution for Canadian trading firms." NovaSparks' pure-FPGA feed handlers provide sub-microsecond processing time for major equity and futures feeds around the world, reaching an average of 750 nanoseconds (ns) on the Montreal Exchange. This is one to two orders of magnitude faster than traditional software solutions, especially during market bursts. "We are delighted to have added the Montreal Exchange to the list of Canadian markets we support," said NovaSparks CEO, Luc Burgun. "The addition of this feed brings our global total to 38-which includes all main U.S., Canadian, and European equity and futures feeds-giving us the largest market coverage of any current FPGA-centric market data solution company. This highlights our ongoing commitment to broadening our global market coverage." NovaSparks' ticker plants have a common output format across markets. It is consumed with a single application programming interface (API), which allows banks and trading firms to deploy additional feed-handlers quickly and effortlessly. 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 38 feeds among the major Equity, Futures and Options 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 York, USA.
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