NovaTick 4th Generation Platform

The new hardware platform reduces ticker plant latency by 25%, multiplies instrument density by 10, unleashes new consumption and integration models and offers two form factors: Appliance and PCIe Card.

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Proven trading advantage with an easy-to-integrate pure FPGA ticker plant

NovaSparks is the leader in ultra-low latency trading solutions for the financial trading industry. Our unique FPGA centric approach delivers market data with a sub microsecond processing latency including order book building, even during market peak periods. Available for 70 feeds across the major Equity, Futures and Options venues in 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. Feed Handlers can also be deployed in a standalone PCIe card that can be installed in any trading server. This PCIe Card is the basic block of the NovaSparks open FPGA development platform, used for designing custom products such as normalized market data converters, ETF calculators, trading strategies execution, order injectors, risk checks, etc.

Founded in 2008 and backed by well-established investors, NovaSparks’ offices are located in Paris, France and New York, USA.

Why pure FPGA?

Could the NovaSparks FPGA platform give you a trading edge? If your trading strategy relies on ultra-fast, deterministic and reliable access to the market data, there is no alternative.

Software Ticker Plants solutions rely exclusively on CPUs to handle market data and are not are not able to offer the lowest latency, especially during market spikes. Memory bottlenecks, operating system overheads, poor parallelism, compiler limitations and slow networking stacks are among the many factors constraining performance and causing long tails in the processing latency distribution.

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Eliminate the bottlenecks experienced in conventional software and hybrid systems


High resiliency is possible since the FPGA is not affected by the various software changes/updates typically required in a trading infrastructure.


The design merges feed handling, order book building, data distribution functions through multiple means and with multiple publication levels and is engineered to scale across markets and a significant number of participants consuming the market data.

Latest news

Press Coverage

TabbFORUM: Market Structure Wave Video Series – The SEC’s SIP Proposal: Cliff Maddox, NovaSparks and Richard Chmiel

Earlier this year, the SEC issued a tome-like 595-page proposal that would revamp the NMS Market Data Plan (SIP), or how trade data is distributed across Wall St. This video, features Cliff Maddox, Head of Business Development at NovaSparks, and Richard Chmiel, an independent market data professional.
Press Release

Peninsular Capital Acquires NovaSparks

NEW YORK, PARIS - JULY 28th, 2020 – Peninsular Capital, an independent investment firm, is pleased to announce the acquisition of NovaSparks™, the leading field programmable gate array (FPGA) market data company, in a Management Buy-Out (MBO) transaction. Founded in 2008, NovaSparks leads the world in FPGA-based high performance and…
Press Coverage

Inside Market Data: NovaSparks Gets New Backer in MBO Deal, Eyes Options Data & FPGA Trading Capabilities

NovaSparks Gets New Backer in MBO Deal, Eyes Options Data & FPGA Trading Capabilities With the support of new majority owner Peninsular Capital, NovaSparks plans initiatives to expand the use cases for its FPGA market data technologies into the trading and risk sectors