NovaSparks™, the leading field programmable gate array (FPGA) market
data company, today announced the release of an FPGA-based feed handler
to process the consolidated cash equity options feed from the Options
Price Reporting Authority (OPRA). The NovaSparks feed handler processes
data at line rate and without bottlenecks, hence providing unmatched
processing power. NovaSparks' powerful FPGA architecture is particularly
attractive to end-users consuming the OPRA feed because it handles very
high volumes of data, reduces physical system footprints and increases
"FPGA technology does not only focus on latency reduction and
determinism. It also provides amazing throughput capabilities," said
NovaSparks CEO Luc Burgun. "The Options Price Reporting Authority
indicates that OPRAs peak traffic has more than doubled over the last
two years and that it will triple its current message capacity in the
next two years. This exponential traffic growth has been a constant
headache for market data managers. The NovaSparks solution brings an end
to their search for an efficient and sustainable long-term answer to
The NovaSparks' FPGA-based feed handler for OPRA can process up to 150
million messages per second with a single 2U appliance. The feed handler
extracts and normalizes the last sale price as well as the OPRA-computed
National Best Bid and Offer (NBBO) price, thus helping trading firms to
fulfill their Regulation National Market System (Reg NMS) obligations.
For more information about NovaSparks' feed handlers please contact email@example.com.
About NovaSparks, Inc.
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 30 feeds among the major Equity and Futures 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
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