Market Overview

Orc Group AB: Orc Seamlessly Integrates Ultra-Low Latency Deterministic Market Data Feeds from NovaSparks


Orc (STO:ORC), a leading provider of technology and services for the global financial industry, and NovaSparks, a deterministic FPGA market data company, today announced an alliance for Orc clients to use high speed FPGA data feeds from NovaSparks.

Orc conducted extensive research to determine the benefits of FPGA technology and found compelling performance results. Customers that take advantage of this alliance will experience more predictable speed for market data and overall improved trading performance. Additionally, since market data is processed on the FPGA appliance, the server CPU is able to offer more processing power to Orc Liquidator, resulting in additional benefits.

“One of the ironies of tight markets and smaller IT budgets is that solutions are actually getting better because providers like Orc and NovaSparks hone in on core competencies and create strong alliances for companion services, said Adam D. Honoré, Research Director at Aite Group. “This also creates a much stronger array of choices for clients of both firms.”

Orc clients can adopt this ultra-low latency deterministic market data infrastructure without any modifications to their current algorithms or Orc products.

Market makers and volatility traders are constantly facing technology risks around speed. “Orc is continuously investing in R&D to ensure clients can adopt the newest technology with 100% compatibility to their current trading algos,” says Joakim Dahlstedt, CTO Orc. “Our close integration with NovaSparks' Deterministic Market Data Matrix© gives clients an immediate and seamless path to increase their trading performance without any modifications to their current trading programs.”

“Market data feeds that match the speed of the market, even during market spikes, is crucial for the profitable operations of traders” states Yves Charles, CEO NovaSparks. “Orc offers the premier trading platform for market makers and we are honored to help them leverage an ultra-low latency deterministic market data infrastructure.”

Orc (booth 321) and NovaSparks (booth 113) are exhibiting at FIA Expo 2012 in Chicago, October 30 - November 1, 2012 and will hold a champagne toast at the Orc Booth 321, Southwest Hall on October 31 at 4:00 pm.

Background on Deterministic FPGA Market Data Infrastructures

Market makers and volatility traders are constantly facing technology risks around speed. The speed of receiving and analyzing market quotes and trades is a critical area for the profitable operations of many traders. Not only important for initiating new positions, but timely cancels and adjusting spreads are dependent on the receipt new market data signals. When major market events happen, data rates can spike causing traditional software feeds to exhibit ‘queuing' of messages. A deterministic market data infrastructure avoids queuing of messages which is achieved by an FPGA (Field Programmable Gate Array) Matrix architecture that can process, in parallel, incoming messages at the same ultra-high speeds, regardless of increases to data rates, the number of markets watched or the number of downstream users. Recent advances in pure FPGA architectures have demonstrated the ability to achieve both ultra- low nanosecond latencies along with this feature of deterministic processing.

About Orc

Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions that are used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.

Orc develops and provides the tools for running a profitable trading and brokerage business in today's competitive and ever-changing markets.

With market presence in all major global financial centers, Orc provides sales and support services from its offices across the EMEA, Americas and Asia-Pacific regions.

Orc Group is owned by Nordic Capital Fund VII.

About NovaSparks

NovaSparks, inventor of the FPGA Market Data Matrix™ architecture, is an engineering company dedicated to FPGA solutions for Capital Markets. Taking a unique ‘FPGA- centric' design approach, NovaSparks is the first company to design and commercialize a set of pure FPGA Feed Handlers offering deterministic, nanosecond processing speeds. Available for major Equity and Futures venues across Europe and North America, the Feed Handlers are packaged in ‘easy-to-deploy' appliances and can be chained together to seamlessly scale. Founded in 2008 and backed by Partech International, NovaSparks' executive management team is based in Paris France, Boston MA USA, London and New York.

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Jesper Alfredsson, VP Product Management
Tel. +46 8 506 477 55
Christine Blinke, Chief Marketing Officer
Tel. +46 8 506 477 21
Marty Leamy, President Americas
Tel. +1 312 541 4500
Marie Giangrande
Tel. +1 203 536 1334

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