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Colt launches managed FPGA market data solution powered by NovaSparks

Colt launches managed FPGA market data solution powered by NovaSparks
PR-Inside.com: 2017-04-26 07:29:56
Capital Markets firms to benefit from NovaSparks' ultra-low latency FPGA normalisation integrated with Colt's MarketPrizm API

HONG KONG, Apr 26, 2017 - (ACN Newswire) - Colt announced today that participants can now receive TSE's Flex Full market data feed normalised with an FPGA solution[1] as part of its market data portfolio for Capital Markets customers. The normalised market data feed is available for consumption in colocation at the exchange and wrapped in Colt's MarketPrizm API. The fully integrated solution enables customers to benefit from the ultra-low latency and deterministic performance of FPGA technology combined with the flexibility and ease of use of Colt's API.


The managed solution enables clients in colocation to consume the feed immediately without requiring any additional investments or footprint, making this a very cost-effective approach. This FPGA market data solution, powered by NovaSparks, provides financial firms with the benefits of a managed solution, faster time to market, and the ultra-low latency offered by FPGA technology.

Novasparks' FPGA feed handler normalises data feeds in under one microsecond even during times of high market activity, hence ensuring ultra-low latency and deterministic performance. In addition, the full integration with Colt's MP-API means that firms can easily combine the ultra-low latency FPGA feed with Colt's software normalised solution to benefit from enhanced functionality and full redundancy.

"Capital Markets firms face significant challenges to remain competitive. A number of our customers have expressed interest in a managed FPGA market data solution, combining ultra-low latency and flexibility to help them succeed - and without upfront investment costs. At Colt, we thrive on putting customers first and setting the benchmark for customer experience. That's why we are pleased to bring to market this cost-effective solution that addresses our customers' requirements and further enhances the Colt Capital Markets portfolio," said Andrew Housden, Vice President, Capital Markets at Colt.

Olivier Baetz, Chief Operating Officer at NovaSparks, said, "We are proud to partner with Colt to accelerate their market data infrastructure offering. The tight integration of NovaSparks pure FPGA solutions with Colt's MP-API allows banks and trading firms to leverage the speed of FPGA market data processing in a simple and cost effective manner."

A licensed market data vendor since acquiring MarketPrizm, Colt offers market data feeds for major European, Asian and North American markets. It offers more than 50 feeds from exchanges and liquidity venues for equities, derivatives, commodities and FX, delivering data at consistently low latencies even during periods of volatility.

Notes to the Editor:

[1] The FPGA solution is a hardware-based solution that allows traders to normalise market data feeds at nanosecond speeds, even during times of high market activity.

About Colt

Colt provides high bandwidth and voice services for enterprises and wholesale customers in Europe, Asia and North America's largest business hubs. Colt enables the digital transformation of businesses through its intelligent, purpose-built, cloud-integrated network, known as the Colt IQ Network. It connects over 700 data centres around the globe, with over 24,500 on-net buildings and growing, and provides voice services in 21 countries. Colt is also recognised as an innovator and pioneer in software defined networks (SDN) and network function virtualisation (NFV).

Colt has built its reputation on putting its customers first, with a focus on delivering true local presence and agility for enterprises that are global yet need local attention. Customers include data intensive organisations spanning over 200 connected cities in nearly 30 countries. Colt counts 19 of the top 25 global telecoms companies and 18 out of the top 25 global media companies (Forbes 2000 list, 2016) amongst its customers. In addition, Colt works with over 50 exchange venues and 13 European central banks. Privately owned, Colt is one of the most financially sound companies in its industry and able to provide the best customer experience at a competitive price. For more information, please visit www.colt.net.

About NovaSparks

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 50 feeds among the major Equity, Futures and Options 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 York, USA.

Media Contacts:

Colt Technology Services Co., Ltd.

Corporate Communications Group

Chen Liang / Miki Miyasaka

Tel: +81-3-4560-4480 / E-mail: asia-press@colt.net

Think Alliance Group for Colt,

Henry Chow

Tel: +852 3978 5323 / E-mail: henry.chow@think-alliance.com

Matthew Schultz

Tel: +852 3978 5321 / E-mail: matt.schultz@think-alliance.com

Topic: New Service

Sectors: Telecoms, Enterprise IT

www.acnnewswire.com

From the Asia Corporate News Network

Copyright © 2017 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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