NEW YORK and CHICAGO, July 25, 2013 (GLOBE NEWSWIRE) -- NovaSparks™, an FPGA market data company, announces that the NovaSparks pure FPGA NASDAQ ITCH book building solution has been selected by Quincy Data to upgrade its industry-leading QED (Quincy Extreme Data) service.
NovaSparks NASDAQ ITCH solution offers 'wire to memory' deterministic latencies of 1.4 microseconds while building a full depth book. This number was recently measured and audited by the Securities Technology Analysis Center (STAC), an independent technology-research firm. It includes all the tasks to receive, build and maintain a full depth of book starting at the time the first byte of the packet is received by the system to the time the output data is available for consumption by user applications in the server memory.
"This upgrade allows QED users to benefit from the low latency and determinism that only a pure FPGA solution can deliver," says Stephane Tyc, co-founder of Quincy Data. "NovaSparks solutions do not only bring speed, they also come with a rich set of features and functionalities that are typically found only in software feed-handlers," added Tyc.
"We are extremely proud to have been selected by Quincy Data," says Yves Charles, CEO of NovaSparks. "It validates NovaSparks leadership position in delivering deterministic processing of market data allowing trading firms to trade across all market conditions," concludes Charles.
Based on a pure FPGA matrix architecture, NovaSparks offers 27 feeds providing deterministic microsecond speeds for major Equities and Futures exchanges around the world. The Feed Handlers include a distribution layer to directly and concurrently connect up to 21 trading servers without any loss of performance.
About NovaSparks, Inc
NovaSparks, inventor of the FPGA Market Data Matrix™ architecture, is an engineering company dedicated to FPGA solutions for Capital Markets. Taking a unique 'FPGA- centric' design approach, NovaSparks is the first company to design and commercialize a set of 27 pure FPGA Full Book Feed Handlers offering deterministic, nanosecond processing speeds. Available for major Equity and Futures venues across Europe and North America, the Feed Handlers are packaged in 'easy-to-deploy' appliances and can be chained together to seamlessly scale. Founded in 2008 and backed by Partech International, NovaSparks' executive management team is based in Paris France, Boston MA USA, London and New York. www.novasparks.com
About Quincy Data, LLC
Quincy Data is a provider of extremely low latency market data services, powered by the McKay Brothers Microwave Network. The Quincy Extreme Data (QED) Service sources data from multiple US financial exchanges and offers an integrated and normalized feed in exchange collocation centers in the Chicago, New York and London metro areas. Live since 2012, Quincy is dedicated to being the low latency market data provider of choice among electronic trading desks large and small.
About McKay Brothers, LLC
McKay Brothers is a specialty microwave telecommunications company: dedicated to designing, engineering, building and operating best-in-class low latency networks between financial centers. McKay's long haul microwave solutions have been in production with live customer trading since mid- 2012: offering latencies far below best-in-class fiber optics and often the lowest known latency available. Additional information is available at www.mckay-brothers.com.