Fixnetix, managed services provider for ultra-low latency market data, trading and risk control, announced today long-time customer Asperatus Capital has chosen NovaSparks for deterministic FPGA market data.
Fixnetix and NovaSparks are financial technology (FINTECH) vendors servicing investment banks, hedge funds, proprietary trading firms and market makers. Customers such as Asperatus Capital choose to outsource technology based on time savings, ease of integration, bespoke design, expert support and most importantly, low cost of ownership.
"Integrating additional technology from Fixnetix to advance latency savings with NovaSparks FPGA just means our team can focus on what is clearly important; following alpha," says Matthew Copping, Chief Technology Officer for Asperatus Capital.
"Fixnetix and Nova Sparks installed and tested the FPGA with minimal downtime or issues. We will be able to add additional markets due to theNovaSparks normalisation layer. Rapid roll-out of new markets only benefits Asperatus."
On March 22, 2012 Fixnetix and NovaSparks announced a strategic alliance in response to financial community demand for the strongest outsourcing model. The combined offering of Fixnetix global managed services and NovaSparks sub-microsecond low latency FPGA data feed handlers offers the market the ability to adopt leading edge FPGA solutions on a utility basis, quickly, inexpensively and with a lower TCO.
"As an established financial technology provider, Fixnetix prides itself on customer retention and satisfaction," says Hugh Hughes, Chief Executive of Fixnetix. "Successfully deploying the NovaSparks FPGA appliance for Asperatus Capital allows our customer to focus on what's important; trading."
"Together, Fixnetix and NovaSparks are lowering the technology risks trading companies face while helping the industry to move toward a deterministic market data infrastructure" commented Yves Charles, CEO NovaSparks.