Anova Financial Networks announced today that it is teaming up with NovaSparks, the leading Field Programmable Gate Array (FPGA) market data company, to launch MicroFeed. This joint offering optimizes market data speed and volume with sub microsecond data processing latency from the Chicago Mercantile Exchange (CME) to all major points within the New Jersey Triangle, including BATS, NASDAQ and the New York Stock Exchange (NYSE). 

MicroFeed allows banks and trading firms to accelerate their trading platforms by decreasing latency by 20% and efficiently processing and forwarding the timeliest updates, which leads to better price transparency, market efficiency and liquidity that will also benefit market customers and the retail public.

Anova is leveraging NovaSparks’ award-winning NovaTick, a fully-integrated ticker plant solution that conflates data for sub microsecond processing latency for the entire trading cycle, even during market peak periods. NovaSparks’ advanced multi-level publication API over Anova’s network allows for a heavily reduced payload format with a conflation figure to target microwave links, resulting in a powerful combination and a huge advantage for the financial trading industry.

“We are proud to announce that the NovaSparks-powered MicroFeed is now live on our new fastest commercially available delivery of normalized market data between Chicago and New Jersey,” said Michael Persico, CEO and Founder of Anova Financial Networks. “This launch is a testament to Anova’s commitment to enhancing our assets and further strengthening our network on this critical corridor. We’re doing this while once again demonstrating that Anova is the only choice for the fastest CME market data. The speed of data transmission and processing on the Chicago to New Jersey path makes this collaboration a gamechanger for financial firms of all sizes.”

This announcement comes on the heels of Anova’s recent news about the company unveiling the fastest known market data offering from CME to all major points within the New Jersey Triangle. Anova also continues to grow its global financial trading network in key markets with the recent addition of its four-site network in Asia.

For more information about Anova Financial Networks, visit www.anovanetworks.com, email [email protected], or  follow the company on Twitter and LinkedIn.