NovaSparks Adds Bats Options Feed Support

FPGA ticker vendor claims processing speeds for Bats options markets of less than one microsecond.


Officials say the Bats options feeds are “among the most challenging” for feed handlers—including those of Bats parent the Chicago Board Options Exchange—because of their high message rates and full-depth information, requiring heavier processing capacity to reconstruct order books.

“CBOE and BATS Options are very different feeds. CBOE is a level feed. It publishes five-level-deep books. BATS, instead, is an order-based feed, also referred to as full-depth feed. This means that the feed is

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