NovaSparks Cuts Book-Building Latency FPGA Ticker Plant
NovaSparks has taken 300 nanoseconds out of its feed-handling process by rewriting its book-building component.
NovaSparks will make its new architecture available for Nasdaq's TotalView ITCH feed next month, and will make it available for other order-based feeds─-as opposed to price- or level-based feeds that already include book-building features─supported by its NovaTick ticker plant in January.
"One of the most complex elements of our architecture is our book-building engine," says Olivier Baetz, chief operating officer at NovaSparks. "We knew for a while that there were a lot of improvements we
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