NovaSparks releases test results showing 1.4 microsecond performance
First Published 3rd June 2013
NovaSpark said it processed market data at deterministic speeds of 1.4 microseconds, based on testing by the Securities Technology Analysis Center.
http://www.automatedtrader.net/headlines/142802/novasparks-releases-test-results-showing-14-microsecond–performance
Paris – NovaSparks, an FPGA market data company, said it was releasing audited performance benchmarks that showed its ability to process market data at deterministic speeds of 1.4 microseconds.
The 1.4 microseconds mean latency rate is maintained when market data is accelerated 20 times actual market speed and equate to a millisecond peak rate of 18.9 million messages per second, the company said.
“Deterministic processing of market data at ultra-low latency rates is a breakthrough for an industry that is constantly re-assessing their ability to trade across all market conditions,” said Michal Sanak, CIO at proprietary trading firm RSJ, which is listed as the largest NYSE Liffe trader.
The accelerated data was replayed from NASDAQ TotalView ITCH 4.1 feed during the Open and Close periods of the day. These periods are considered the most challenging time of day to maintain a full depth of book at deterministic speed, the company said.
Conducted by the Securities Technology Analysis Center (STAC), the detailed latency benchmark, called STAC-M1 is available to the public.

The benchmark includes all the tasks to receive, build and maintain a full depth of book starting at the time the first byte of the packet is received by the system. The specification provides a reproducible framework for measuring the performance of traditional software-based solutions as well as pure FPGA solutions like the NovaSparks Market Data Matrix.”The tests are specified by trading firms and represent challenging scenarios based on their experiences in the real world,” said Peter Lankford, STAC Director. “The tests rigorously measure ‘wire-to-memory’ latency, leaving nowhere to hide.”
“As an industry, we need to cut back on the amount of duplicative testing that takes place and start to share more best practices” states Olivier Baetz, chief operating officer of NovaSparks North America. “We believe that full performance transparency will help trading firms determine the business case for deterministic market data processing.”
The Market Data Matrix is available for 27 feeds covering major equities and futures exchanges which exhibit similar deterministic microsecond speeds. The Market Data Matrix Feed Handlers include a distribution layer in the FPGA architecture that allows connection of up to 21 trading servers without any loss of performance, the company said.
NovaSparks said the benchmark tests were available at www.novasparks.com and www.STACresearch.com/novasparks.
51.472868
-0.040501
Like this:
Like Loading...