ABOUT US

Leader in FPGA-based high performance and ultra-low latency market data solutions

We are the leader in FPGA-based high performance and ultra-low latency market data solutions for the financial industry. Our unique FPGA centric approach delivers sub microsecond processing latency including book building, even during market peak periods. Available for over 60 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.

We are the leader in FPGA-based high performance and ultra-low latency market data solutions for the financial industry. Our unique FPGA centric approach delivers sub microsecond processing latency including book building, even during market peak periods. Available for over 60 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.

OUR ETHOS

A Race to Determinist Ultra-Low Latency

Market Data Infrastructures

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, the traders and most of all by the Market Data managers.

The time is now and the technologies are robust to enter a new race. Not a race to zero, but a race to ultra-low latency determinism.

Up until now, Market Data Managers have been held hostage to the volatility in market data rates. That combined with expanding users and expanding venues, the average Market Data manager cannot offer any service levels to their end users.

Our FPGA invention offers Deterministic processing speeds that allow the Market Data Manager to build a deterministic and ultra low latency market data infrastructure.

For the Market Data Manager, they can now guarantee service levels for downstream clients, across venues and across data rates, even market bursts. For the Algo Trader, they can now be assured they will have consistent low latency and better predict the performance of their algo.

In many parts of IT, managers are able to plan and forecast their capacity to achieve deterministic processing speeds. And we think Market Data managers should have the same ability. This race to determinism is needed by the industry, the traders and most of all by the Market Data managers.

NovaSparks is dedicated to engineering ultra-low deterministic latency Market Data solutions for feed handling, distribution and to host trading analytics and algorithms.

OUR HISTORY

Building market data solutions for over 10 years

Timeline

2007

Company founded as HPC Platform

2008

First pure FPGA data feed handler

R&D invents and develops the first pure FPGA data feed handler solution available on the market

2009

Sign first contract with a major Tier 1 investment bank

2010

Funding from Partech International & expansion of feed handlers

First round of funding with Partech International & NovaSparks expands market coverage to 7 feed handlers

2011

New York office opening & launch of second generation platform

Novasparks opens office in New York followed by announcing its second generation platform for pure FPGA market data feed handlers, offering more capacity and lower deterministic latency, rolling these out through Europe and the US and expands its market data coverage to 12 feed handlers globally.

2012

Record breaking first quarter & first pure FPGA order book builder

Record breaking quarter with client adoption driving an exponential growth for the company and NovaSparks announces the first pure FPGA order book builder, offering unprecedented low latency and deterministic performance.

2013

Another milestone reached

NovaSparks reaches another milestone with 20 major equity and future feed handlers now available followed by consolidating ten market data feed handlers for a large investment bank.

2014

Acceleration of market data coverage & unveiling of Novatick

NovaSparks accelerates its market data coverage by supporting 30 FPGA feed handlers and unveils NovaTick, a new paradigm for pure FPGA feed handlers.

2015

NovaTick supports the 11 US equities protected markets

2016

Novalink is introduced and further acceleration in market data coverage

Novalink allows customers to consume market data directly in FPGAs and the company accelerates its market data coverage by supporting 50 market data feeds

2017

Award win for NovaTick and introduction of “U.S. Equities in box” Solution

NovaTick voted best Hardware Feed Handler by the Financial Industry and Novasparks introduces “U.S. Equities in box” Solution.

2018

Additional Award and New Platform

NovaTick is voted best hardware feed handler for the second year in a row. NovaTick 4th generation platform is introduced.

OUR TEAM

A wealth of experience and leadership

Luc Burgun

Chief Executive Officer & President of the Board

Luc Burgun is a successful executive and entrepreneur with 25 years of experience in the electronics industry. Prior to joining NovaSparks, Luc was VP Engineering at Synopsys. Before that, he was CEO and President of the board for EVE, the leader in standard FPGA-based emulator, which he co-founded in 2000 and sold to Synopsys in 2012. From 2007 to 2011, Luc was also President of the supervisory board of Cofluent, a leader in system level specification acquired by Intel in 2011. Prior to EVE, Luc was managing the emulation engineering team at Mentor Graphics. He has published numerous articles at international technical conferences and has been granted six patents. Luc Burgun holds a Ph.D degree in Computer Science from the University of Pierre and Marie Curie, Paris VI.

Jean-Eric Finck

Chief Financial Officer

Jean-Eric has more than 30 years’ experience in the electronics industry. In 2010, Jean-Eric joined NovaSparks as Chief Financial Officer and oversees NovaSparks’ finance, human resources and corporate services departments. Jean-Eric joined from a role as Chief Financial Officer from Action d’Eclat (Healthcare communication) from 2003 to 2010. Previous positions included Operations Director EMEA at Openwave (mobile telecom) as from 2001 to 2002. Jean-Eric graduated from Ecole Nationale Supérieure d'Electroniqueet de Radioelectricité de Grenoble (ENSERG) and holds a MBA from HEC Paris, France.

Olivier Baetz

Chief Operating Officer

Olivier Baetz joined NovaSparks in April 2011, bringing with him over ten years of experience selling and implementing low latency technology solutions for the financial industry. In 2000, Olivier was part of the original team at Radianz, the first global Extranet for the financial industry. At Radianz, Olivier successfully designed the solution for the original “proof of concept” customer which established the value of the Radianz community model. He also ran the North American Sales Engineering team for five years and was instrumental in the creation of the Radianz ULTRA service which provides ultra-low latency exchange connectivity to high-frequency trading firms.

Pierre Gardrat

VP Engineering

Pierre joined NovaSparks in 2010 as Hardware VP Engineering. Prior to joining NovaSparks, Pierre worked in the FPGA development industry for seven years, starting his career in the French Department of Homeland Security and then serving as firmware developer and application engineer at EVE, a leader of FPGA-based emulation acquired in 2012 by Synopsys. Pierre graduated from Telecom Paristech (ENST Paris) and holds an MSc from University of Pierre & Marie Curie, Paris.

Yves Charles

Board Member

Yves Charles was CEO of NovaSparks from 2010 to 2014. He presided over a period of rapid development and growth of the company. Prior to joining NovaSparks, Yves was CEO of Sysload Corporation, a worldwide leader in systems management from 2007 to 2009. From 1996 to 1997, Yves was Chief Executive Officer of Quallaby a software editing firm in network performance management, a firm Yves founded in 1996. After moving Quallaby headquarters to the United States, Yves was responsible for running the International Operations until its acquisition by Micromuse in 2006. Earlier in his career in 1992, Yves founded Apogee Communications, a systems integrator in network and systems management and held the position of Chief Executive Officer until 1997. During this period the revenue of Apogee, grew from $1 million to $30 million.

Jean-Marc Patouillaud

Board Member

Jean-Marc is one of the two managing partners of Partech. He joined in 1996. Prior to joining Partech, Jean-Marc was a partner at Finovelec, a Paris based venture capital firm and managed Genèse Investissements, the first French seed capital fund. He started his career as an engineer with Cegelec and worked in the Nuclear Power Plant division. Jean-Marc currently serves on the board of Alltricks, DayUse, Happytal, Novasparks, Sensee, Sigfox and Privitar. He has a long track record of successful exits including IPOs with Lannet (GIAN), RadVision (RVSN), ALLOT (ALLT), Buongiorno (BGN.MI), and Alvarion (ALVR) and trade sales with Fluxus (acq. by British Telecom), Digitick (acq. by Vivendi), ISDNet (acq. by Cable and Wireless), Jungo (acq. by NTS), Jobpartners (acq. by ORCL), Apogee (acq. by Colt), LaFourchette (acq by TRIP) and Teads (acquired by Altice).

CUSTOMERS & PARTNERS

NovaSparks believes in forming meaningful business and technology partnerships that add value to our customers business.

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CAREERS

We are hiring talented and motivated Engineers/PhDs

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