Jo struggles to see how the SEC could approve fee proposals for exchange market data fees.
This year, the SEC pulled the trigger on competing consolidated tapes and a new market data governance plan. In 2022, we will know if some of it can go ahead, or remain stymied by legal battles.
Aspirant ‘competing consolidators’ were hoping for a lot more leeway than they got in an important fee filing, Jo says. By Jo Wright
August 9 is when regulators could approve the governance plan for the new system of datafeeds in the US. Jo says this would be an important step forward for those hoping to create new businesses under the regime.
US competing consolidators grapple with pricing uncertainty as SEC, exchanges battle over new Sip regime
Vendors who want to provide consolidated market data under the SEC’s new system can’t make plans until they know how they are going to be charged for market data. But the fee schedules are mired in legal action and confusion.
As exchanges partner with cloud providers to move more functions to the cloud, Anthony wonders if these partnerships could become competitive in the future.
With the support of new majority owner Peninsular Capital, NovaSparks plans initiatives to expand the use cases for its FPGA market data technologies into the trading and risk sectors.
Anthony Malakian examines how firms are racing to the cloud to roll out new market data services. He also looks at ChartIQ's name change, the regulatory reporting space, and Lazard's Covid-19 data rollout.
The conflation feature will help clients sent more data than previously possible over ultra-low latency microwave networks.
To support the entire US equities market on one appliance, the vendor's engineering team quadrupled the ticker plant's processing power, officials say.
FPGA ticker vendor claims processing speeds for Bats options markets of less than one microsecond.
NovaSparks has added support for Nasdaq's two Securities Information Processor feeds.
NovaSparks has deployed its FPGA technology in the Tokyo Stock Exchange's co-lo facility, "wrapped in" Colt's MarketPrizm API for ease of access.
The new additions covering Asia-Pacific, Scandinavia and Canada bring NovaSparks' total coverage to more than 50 markets worldwide.
NovaSparks has taken 300 nanoseconds out of its feed-handling process by rewriting its book-building component.
The FPGA-to-FPGA link allows users to bypass CPUs that can add latency and processing time.
NovaSparks has designed its own FPGAs to cope with the high-volume, bursty nature of equity options feeds.
Data consumers and vendors are seeking to apply strategies and technologies from equities to other markets.
The vendor is expanding its low-latency datafeed handling to the liquid US Treasuries market.
The vendor's FPGA platform reduces latency for CME's feed by 40 percent, officials say.
The new feed handler brings the total number of markets supported by NovaSparks to 38.
Support for all US protected markets will allow users to calculate best bid and offer prices at lower latency.
New version of NovaTick inclides significantly higher bandwidth limits
French FPGA feed handler and data appliance provider NovaSparks is preparing to launch a new version of its hardware-only NovaTick ticker plant, which will provide users with new features such as exchange recovery, which are typically found in software…