NovaSparks Announces Partnership with Fixnetix to Provide Nanosecond Speed FPGA-based Market Data Service

BOSTON, LONDON, and PARIS, April 2, 2012 /PRNewswire/ --

- US and European Venues gain subscription service model for immediate access to the fastest Market Data processing speeds available in the market

NovaSparks announces a partnership with Fixnetix to deliver the NovaSparks FPGA Market Data Matrix© as a Fixnetix Global Managed Service, giving trading firms deterministic nanosecond speeds for normalized Market Data.  

The addition of the NovaSparks product allows Fixnetix to offer FPGA-based solutions across risk, execution and market data. Fixnetix currently offers hosted FPGA trading capabilities for execution and risk.  Initially, the service will be provided by Fixnetix from their European and US colocation centers.  

Fixnetix provides global managed services for market data, trading and risk control to leading banks, hedge funds and proprietary firms.  NovaSparks is an engineering firm dedicated to applying FPGA technologies for Capital Markets.

"This announcement gives trading firms immediate access to the fastest feed handlers on the market without having to dedicate technical resources or raise a capital expenditure," explains Yves Charles, CEO of NovaSparks.  "Fixnetix's ability to offer a subscription-based 'quick start service' is attractive to firms who want to move their trading infrastructure quickly to the latest FPGA innovations available," concluded Charles.    

"Fixnetix responds to customer demands for the fastest and most efficient solutions; NovaSparks FPGA Market Data Matrix greatly adds to our product offerings," says Hugh Hughes, Chief Executive of Fixnetix. "Forming strategic partnerships are a key component of the Fixnetix global growth plan as we continue to innovate and support the financial trading community."

The Service is currently being rolled out in European and North American locations.

About NovaSparks   http://www.novasparks.com 
Contact: Marie Giangrande, Marie@publicnotions.com +1-203-536-1334

About Fixnetix   http://www.fixnetix.com 
Contact: Karen Bertoli, Chief Marketing Officer, Karen.bertoli@fixnetix.com
USA +1-305-301-0520  UK +44-758-595-6759