Canadian venue connectivity race hots up as Novasparks adds Montreal Exchange

NovaSparks™, the leading field programmable gate array (FPGA) market data company, today announced that it has expanded its coverage of the Canadian markets to include Canada’s oldest exchange, the Montreal Exchange (MX).

MX is a fully-electronic Canadian exchange that trades futures contracts on equities, indices, and currencies, among others. NovaSparks’ ultra-low latency feed handlers, based on a powerful FPGA matrix architecture, already support other important Canadian markets including the Quantum feeds for Toronto Stock Exchange (TQL2), Alpha (AQL2), Select (SQL2) and Venture (VQL2), as well as CHI-X Canada and CX2.

“NovaSparks feed handlers are providing exceptional speed and determinism while incorporating a rich set of features, typically only found in software solutions,” said Etienne Dubuc, Head of Equity Derivatives Trading at National Bank Financial. “This addition of the Montreal Exchange to the list of supported markets will make NovaSparks an even more attractive solution for Canadian trading firms.”

NovaSparks’ pure-FPGA feed handlers provide sub-microsecond processing time for major equity and futures feeds around the world, reaching an average of 750 nanoseconds (ns) on the Montreal Exchange. This is one to two orders of magnitude faster than traditional software solutions, especially during market bursts.

“We are delighted to have added the Montreal Exchange to the list of Canadian markets we support,” said NovaSparks CEO, Luc Burgun. “The addition of this feed brings our global total to 38—which includes all main U.S., Canadian, and European equity and futures feeds—giving us the largest market coverage of any current FPGA-centric market data solution company. This highlights our ongoing commitment to broadening our global market coverage.”

NovaSparks’ ticker plants have a common output format across markets. It is consumed with a single application programming interface (API), which allows banks and trading firms to deploy additional feed-handlers quickly and effortlessly.

For the official release, click here.

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