Orc, a provider of technology and services for the global financial industry, announced an alliance with NovaSparks, a deterministic FPGA market data company.
In many parts of IT, managers are able to plan and forecast their capacity to achieve deterministic processing speeds. Market Data managers should have the same ability.
Determinism is needed by the industry, traders and most of all by the Market Data managers. NovaSparks FPGA (Field Programmable Gate Array) invention offers Deterministic processing speeds that allow the Market Data Manager to build a deterministic and ultra low latency market data infrastructure.
“Orc is continuously investing in R&D to ensure clients can adopt the newest technology with 100 percent compatibility to their current trading algos,” Joakim Dahlstedt, chief technology officer at Orc, said in a statement.
“Our close integration with NovaSparks’ Deterministic Market Data Matrix gives clients an immediate and seamless path to increase their trading performance without any modifications to their current trading programs,” Dahlstedt added.
Orc’s alliance with NovaSparks will now allow its clients to use high-speed FPGA data feeds from NovaSparks. Orc said its clients can adopt this ultra-low latency deterministic market data infrastructure without any modifications to their current algorithms or Orc products.
Orc conducted extensive research to determine the benefits of FPGA technology and found compelling performance results. Customers that take advantage of this alliance will experience more predictable speed for market data and overall improved trading performance. Additionally, since market data is processed on the FPGA appliance, the server CPU is able to offer more processing power to Orc Liquidator, resulting in additional benefits.
“Market data feeds that match the speed of the market, even during market spikes, is crucial for the profitable operations of traders” Yves Charles, chief executive officer at NovaSparks, said in a statement.
“Orc offers the premier trading platform for market makers and we are honored to help them leverage an ultra-low latency deterministic market data infrastructure,” Charles added.
Edited by Braden Becker