Colt launches managed FPGA market data solution powered by NovaSparks

HONG KONG, Apr 26, 2017 – (ACN Newswire) – Colt announced today that participants can now receive TSE’s Flex Full market data feed normalised with an FPGA solution[1] as part of its market data portfolio for Capital Markets customers. The normalised market data feed is available for consumption in colocation at the exchange and wrapped in Colt’s MarketPrizm API. The fully integrated solution enables customers to benefit from the ultra-low latency and deterministic performance of FPGA technology combined with the flexibility and ease of use of Colt’s API.

The managed solution enables clients in colocation to consume the feed immediately without requiring any additional investments or footprint, making this a very cost-effective approach. This FPGA market data solution, powered by NovaSparks, provides financial firms with the benefits of a managed solution, faster time to market, and the ultra-low latency offered by FPGA technology.

Novasparks’ FPGA feed handler normalises data feeds in under one microsecond even during times of high market activity, hence ensuring ultra-low latency and deterministic performance. In addition, the full integration with Colt’s MP-API means that firms can easily combine the ultra-low latency FPGA feed with Colt’s software normalised solution to benefit from enhanced functionality and full redundancy.

“Capital Markets firms face significant challenges to remain competitive. A number of our customers have expressed interest in a managed FPGA market data solution, combining ultra-low latency and flexibility to help them succeed – and without upfront investment costs. At Colt, we thrive on putting customers first and setting the benchmark for customer experience. That’s why we are pleased to bring to market this cost-effective solution that addresses our customers’ requirements and further enhances the Colt Capital Markets portfolio,” said Andrew Housden, Vice President, Capital Markets at Colt.

Olivier Baetz, Chief Operating Officer at NovaSparks, said, “We are proud to partner with Colt to accelerate their market data infrastructure offering. The tight integration of NovaSparks pure FPGA solutions with Colt’s MP-API allows banks and trading firms to leverage the speed of FPGA market data processing in a simple and cost effective manner.”

A licensed market data vendor since acquiring MarketPrizm, Colt offers market data feeds for major European, Asian and North American markets. It offers more than 50 feeds from exchanges and liquidity venues for equities, derivatives, commodities and FX, delivering data at consistently low latencies even during periods of volatility.