Colt launches managed FPGA market
data solution powered by NovaSparks
Capital
Markets firms to benefit from NovaSparks’ ultra-low latency FPGA normalisation
integrated with Colt’s MarketPrizm API
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.
[1] The FPGA solution is a hardware-based
solution that allows traders to normalise market data feeds at nanosecond
speeds, even during times of high market activity.
About Colt
Colt provides high bandwidth and voice services
for enterprises and wholesale customers in Europe, Asia and North America’s
largest business hubs. Colt enables the digital transformation of businesses
through its intelligent, purpose-built, cloud-integrated network, known as the
Colt IQ Network. It connects over 700 data centres around the globe, with over
24,500 on-net buildings and growing, and provides voice services in 21
countries. Colt is also recognised as an innovator and pioneer in software
defined networks (SDN) and network function virtualisation (NFV).
Colt has built its reputation on putting its
customers first, with a focus on delivering true local presence and agility for
enterprises that are global yet need local attention. Customers include data
intensive organisations spanning over 200 connected cities in nearly 30
countries. Colt counts 1
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.
[1] The FPGA solution is a hardware-based
solution that allows traders to normalise market data feeds at nanosecond
speeds, even during times of high market activity.
About Colt
Colt provides high bandwidth and voice services
for enterprises and wholesale customers in Europe, Asia and North America’s
largest business hubs. Colt enables the digital transformation of businesses
through its intelligent, purpose-built, cloud-integrated network, known as the
Colt IQ Network. It connects over 700 data centres around the globe, with over
24,500 on-net buildings and growing, and provides voice services in 21
countries. Colt is also recognised as an innovator and pioneer in software
defined networks (SDN) and network function virtualisation (NFV).
Colt has built its reputation on putting its
customers first, with a focus on delivering true local presence and agility for
enterprises that are global yet need local attention. Customers include data
intensive organisations spanning over 200 connected cities in nearly 30
countries. Colt counts 1
9 of the top 25 global telecoms companies and 18 out of
the top 25 global media companies (Forbes 2000 list, 2016) amongst its
customers. In addition, Colt works with over 50 exchange venues and 13 European
central banks. Privately owned, Colt is one of the most financially sound
companies in its industry and able to provide the best customer experience at a
competitive price. For more information, please visitwww.colt.net.
About NovaSparks
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 50 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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