Atrium Network and NovaSparks partnership delivers next generation market data processing capability
London, 15th June, 2010 - Atrium Network, provider of smarter connectivity for the financial community, announced today it has partnered with Novasparks, the ‘No LatencyTM’ specialists in data packet processing solutions to offer trading participants a unique approach to ultra low latency, stable and scaleable market data processing.
NovaSparks’s full FPGA solution provides full market data processing throughout the trading lifecycle. NovaSparks’s technology is designed to deliver stable sub-microsecond deterministic performance for end-to-end feed processing including data feed handling, order book processing, index computation & delivery direct to the algorithmic trading black boxes. Delivered through unicast, multicast, one or 10 Gb and PCI-Express, NovaSparks’ No LatencyTM market data ticker plant offers a proven, consistent and high performance approach, immune to market bursts and offering a fully scalable data input capacity.
Atrium Network offers direct access to multiple markets across Europe, North and South America. Atrium Network takes the lowest latency routes between the key financial centres by co-locating with every major trading venue to ensure that clients do not have to incur costs and risks of co-location themselves. The optimised end-to-end market data processing solution will ensure the lowest possible latency and operational excellence providing a stable, non-variable stream of data designed to help participants improve their overall trading performance.
The combination of the two next generation technologies provided by Atrium Network and NovaSparks is configurable with any trading platform and provides a measurement network monitoring solution accurate to the microsecond, allowing participants to measure the latency performance of their market data handling and order entry.
Commenting on the partnership with NovaSparks, Emmanuel Pellé, Executive Director of Atrium Network, said, “We are delighted to be partnering with NovaSparks in bringing this unique service to the market. The embedded monitoring feature with sub-microsecond precision will prove to clients that not only are they buying the best, but they can also measure that the latency truly is the best.”
Eric Le Rolland, CEO of NovaSparks added, “Building on Atrium Network’s global scale and success, NovaSparks is delighted to partner to offer further significant advantages to trading participants. Launching initially in Canada and then rolling out globally we believe the combination of the NovaSparks Ticker Plant solution and Atrium Network’s depth of reach and global access means that the race to zero just got easier. Providing direct optical interfacing at the venue and the client site further removes latency and we know that connectivity to Atrium Network’s high-speed global network will deliver the optimum ultra low latency solution using the best technology available.”
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For further information, contact:
Julia Streets/Holly Finn
Streets Consulting Ltd
Julia.streets@streetsconsulting.com / hollyfinn@streetsconsulting.com
Tel: + 44 (0)20 7959 2235
Notes to Editors:
About Atrium Network
Atrium NetworkTM provides smarter connectivity solutions for the financial community.
Atrium Network offers client and industry connectivity via its extranet services (a single point of access to exchanges, MTFs, ECNs, clearing houses, CSDs, brokers and market data providers), as well as corporate technology (internet and intranet solutions). With a focus on reducing complexity and improving operational excellence, Atrium Network provides a range of innovative access options and the ability to self-provision.
Atrium Network is the market leader in providing an ultra low latency connectivity solution to multiple trading venues. Their ‘Exchange Ring’ offers a fabric of dark fibre connectivity to each of the main liquidity venues and is designed to mitigate the risk of any unnecessary co-location investment and ensure lowest possible latency access to all available trading venues.
In September 2009 Atrium Network was awarded ‘Best New Vendor’ at Financial News’ European Awards for IT Excellence and in November 2009, was recognised as a leading innovator by Financial News in its annual Tech21 list of technology firms.
Atrium Network currently has a presence in Europe, North America and South America. Atrium Network is headquartered in Luxembourg with offices in London, New York and Paris. For more information, please view Atrium Network’s website at www.atriumnetwork.com
About NovaSparks
NovaSparks is the ‘No LatencyTM’ specialist in data packet processing solutions. Its disruptive technology is designed to eliminate processing latency to sub-microsecond speeds to help the high frequency traders of investment banks, hedge funds and proprietary trading firms achieve smart order routing even faster and benefit from the arbitrage opportunities available.
NovaSparks core offering includes:
- NovaSparks’ “No LatencyTM market data ticker plant” offering sub-microsecond latency for market data feed handling, order book processing, index computation and delivery of data direct to the core black boxes of algorithmic trading firms. Delivered through unicast, multicast, one or 10 Gb and PCI-Express, the ‘No LatencyTM’ market data ticker plant offers a proven, consistent and high performance solution, immune to market bursts of traffic and volume.
- NovaSparks’ “No LatencyTM Packet Dispatcher” transferring market data between data sources and application servers at sub-microsecond speed. Packet dispatcher is a ‘full featured solution’ delivering a flexible approach to connectivity and integration. One of its applications will be to connect an Algorithmic trading hardware environment to the ‘No LatencyTM’ market data ticker plant, enabling easy customisation to suit the client firm’s unique requirements.
- End-to-End low latency distribution solutions. NovaSparks partners with low latency connectivity specialists to offer a carrier neutral choice enabling collocation services, performance measurement and monitoring, resilient and secure end-to-end managed services and global access. This collaborative approach offers clients choice, flexibility and a unique approach to low latency performance.
Founded in 2007 by Marc Battyani (CTO and Head of R&D) and Eric Le Rolland (CEO), NovaSparks was launched as HPC Platform and rebranded in June 2010. For further information visit: www.novasparks.com