Quincy Data, powered by McKay Brothers, and NovaSparks, the leading field programmable gate array (FPGA) market data company, worked together to add the support of the Quincy Extreme Data (QED) Feed to NovaTick™. NovaTick™ is NovaSparks’ ultra-low latency ticker-plant based on a powerful FPGA matrix architecture. It handles the high-performance requirements of electronic trading platforms with the speed and determinism that only FPGAs can bring. NovaTick™ converts the QED feed into NovaSparks’ normalized wire format in 400ns and can also provide the QED wireless market data through its software C++ Application Programming Interface (API), NSMDA, or its hardware API, NovaLink™. Arbitration between the QED wireless feed and the QED fiber feed can also be added in front of the feed handler in NovaTick™ to provide a reliable normalized stream of market data.
“The vast majority of our customers are trading across geographies and asset classes. Often, they rely on wireless services to transport market data at the fastest speed. This collaboration will not only simplify their trading architecture, but it will also give them an opportunity to further reduce the overall latency of market data sent abroad via wireless services. The addition of the QED feed brings our global feed total to 75, confirming our leading position among all the FPGA-centric market data solutions providers. This puts us in a unique position to offer unparalleled service,” said Luc Burgun, NovaSparks’ chief executive officer and president.
“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. The Quincy Extreme Data service distributes a normalized feed of select market data sourced from financial exchanges globally to many points of presence (PoPs) in the U.S., Europe, India, and Asia. We welcome NovaSparks into our ecosystem. This new solution will give all NovaSparks customers a very efficient way to use market data from our wireless service directly into their trading platforms,” says Stéphane Tyc, Quincy Data co-founder.
NovaTick’s pure FPGA processing architecture is incredibly fast and deterministic, yielding one to two orders of magnitude faster than traditional software solutions. NovaSparks’ pure-FPGA feed handlers have a normalized output format across markets, enabling NovaSparks customers to integrate new feeds with minimum effort.
“Support of the QED feed by NovaTick™ allows us to benefit from the tight integration we already have between NovaTick™ and our trading platform,” says Alain Katchouni, Managing Director, Head of ETF and Electronic Trading at National Bank Financial Inc., one of Canada’s six systemically important banks. “This new addition simplifies and accelerates our trading environment when we use Quincy Extreme Data service,” added Katchouni.
