Lime and NovaSparks team up for FPGA data feed handler clocked at 880 nanoseconds
First Published 18th June 2012
Low latency technology group Lime Brokerage said it was teaming up with NovaSparks to deliver the lowest latency, hardware-based FPGA data feed handlers in the market.
Yves Charles, Chief Executive, Novasparks
"A properly pipelined FPGA system can process incoming messages at the same ultra-high speeds, regardless of increases to data rates, the number of symbols watched or the number of downstream consumers."
New York - Low latency technology group Lime Brokerage said it was teaming up with NovaSparks to deliver the lowest latency, hardware-based FPGA data feed handlers in the market.
Lime said the service will process incoming exchange feeds and build the order book in 880 nanoseconds which compares with the majority of solutions on the market operating at 10-100 microseconds to perform the same task. It said the solution is proven to maintain performance through all market conditions, especially during critical bursts.
"A significant portion of the market demands a consistent, ultra-low latency market data service to eliminate slippage especially when trading off crucial industry events, which require adjusting positions and/or rebalancing portfolios given news, company filings and sector events," said Kevin Beadles, managing director of Lime Brokerage/Wedbush Execution Solutions Group.
"When major market events happen, data rates can spike," NovaSparks Chief Executive Yves Charles said. "A properly pipelined FPGA system can process incoming messages at the same ultra-high speeds, regardless of increases to data rates, the number of symbols watched or the number of downstream consumers."
Lime said the addition of a market data service with ultra-low and deterministic latency is part of an expansion of trading infrastructure for the buyside.
