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TMCNet:  NovaSparks Releases FPGA-Based Feed Handler for OPRA

[August 21, 2014]

NovaSparks Releases FPGA-Based Feed Handler for OPRA

NEW YORK & LONDON & PARIS --(Business Wire)--

NovaSparks™, the leading field programmable gate array (FPGA) market data company, today announced the release of an FPGA-based feed handler to process the consolidated cash equity options feed from the Options Price Reporting Authority (OPRA). The NovaSparks feed handler processes data at line rate and without bottlenecks, hence providing unmatched processing power. NovaSparks' powerful FPGA architecture is particularly attractive to end-users consuming the OPRA feed because it handles very high volumes of data, reduces physical system footprints and increases reliability.

"FPGA technology does not only focus on latency reduction and determinism. It also provides amazing throughput capabilities," said NovaSparks CEO Luc Burgun. "The Options Price Reporting Authority indicates that OPRAs peak traffic has more than doubled over the last two years and that it will triple its current message capacity in the next two years. This exponential traffic growth has been a constant headache for market data managers. The NovaSparks solution brings an end to their search for an efficient and sustainable long-term answer to this problem."


The NovaSparks' FPGA-based feed handler for OPRA can process up to 150 million messages per second with a single 2U appliance. The feed handler extracts and normalizes the last sale price as well as the OPRA-computed National Best Bid and Offer (NBBO) price, thus helping trading firms to fulfill their Regulation National Market System (Reg NMS) obligations. For more information about NovaSparks' feed handlers please contact sales@novasparks.com.

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 York, USA.


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