Solace partners with NovaSparks for hardware-based market data acceleration
All-Hardware Solution Enables Absolute and Deterministic Ultra Low Latency Performance
OTTAWA, LONDON, June 9, 2010 – Solace Systems, the leading provider of hardware-based middleware, today announced a partnership with NovaSparks (formerly known as HPC Platform), specialists in low latency market data Ticker Plant and distribution systems. The integration of Solace‟s Unified Messaging Platform and NovaSparks‟ all-hardware FPGA-based Ticker Plant solutions will enable customers to achieve ultra low latency market data distribution with absolute and deterministic performance.
By processing and distributing market data entirely in hardware, customers can avoid common pitfalls of software-based systems. NovaSparks‟ market data Ticker Plant can integrate directly with a Solace Message Router to distribute the decoded market data to a range of trading applications.
“Our partnership with NovaSparks provides customers with an innovative hardware-based way of delivering market data across the enterprise with low, predictable latency,” said Shawn McAllister, CTO at Solace. “With this type of architecture, data spikes are easily absorbed so all data consumers can get consistent performance even under load.”
“With Solace‟s growing popularity in high performance trading, the integration of our solutions is a natural fit,” said Eric Le Rolland, CEO at NovaSparks. “The powerful combination of our hardware-based Ticker Plants and Solace‟s unique approach to data distribution satisfies customer demand for out-of-the-box market data acceleration and consumption across the enterprise.”
Solace and NovaSparks will be sharing the details of the solution with joint customers and prospects over the coming months including specific beta test and general availability dates.
For more information please visit http://www.solacesystems.com/novasparks
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About Solace Systems
Solace Systems (www.solacesystems.com) is the leading provider of middleware appliances. Middleware, which has historically been software-based, enables disparate enterprise applications and information systems to share information. By performing this function in purpose-built hardware, Solace products accelerate information flow while reducing the cost and complexity of IT infrastructure. Solace products have been successfully deployed by global leaders in many segments of the financial services market (buy side firms, investment banks, exchanges, and financial information providers) and other markets such as government, telecommunications, transportation and logistics, and utility computing.
For Solace Systems Corporate/Media inquiries
Laura Slater
Solace Systems
(613) 271-1010 x 1052
laura.slater@solacesystems.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
For NovaSparks Media Inquiries
Julia Streets / Holly Finn
Streets Consulting Ltd
Tel: + 44 20 7959 2235
Julia.streets@streetsconsulting.com / holly.finn@streetsconsulting.com