June 18, 2012

Lime Brokerage, an institutional agency broker owned by Wedbush Securities, the largest subsidiary of investment firm Wedbush Inc., has partnered with NovaSparks to deliver the lowest latency, hardware-based FPGA data feed handlers in the market to clients, according to today’s release.

According to the release, Lime/Wedbush's entered the partnership with NovaSparks as part of its continuous expansion of its new trading infrastructure for the buy side.

“More and more, the buy side wants to choose their level of service,” comments Kevin Beadles, managing director of Lime Brokerage/Wedbush Execution Solutions Group, a provider of ultra-low latency trading technologies, in today’s release. “A significant portion of the market demands a consistent, ultra-low latency market data service to eliminate slippage especially when trading off crucial industry events, which require adjusting positions and/or rebalancing portfolios given news, company filings and sector events,” explains Beadles.

According to NovaSparks. whose speciality is FPGA- centric solutions for capital markets, , the company’s pure FPGA solution is highly reliable and proven to maintain performance through all market conditions, especially during critical bursts.

“When major market events happen, data rates can spike” explains Yves Charles, CEO of NovaSparks. “A properly pipelined FPGA system can process incoming messages at the same ultra-high speeds, regardless of increases to data rates, the number of symbols watched or the number of downstream consumers” concludes Charles in the release.

The addition of a market data service with ultra-low and deterministic latency is part of a continuous expansion of Lime/Wedbush’s new trading infrastructure for the buyside. “We strive to accommodate all client needs and now they have additional options when selecting a level of service required for every particular trading strategy,” commented Beadles.

The service will process incoming exchange feeds and build the order book in 880 nanoseconds which compares with the majority of solutions on the market operating at 10-100 microseconds to perform the same task, the company said.

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Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in ...