Exegy, a leading provider of financial market data and trading solutions, has acquired NovaSparks, a global specialist in pure FPGA market data and trading solutions, for an undisclosed amount. This acquisition marks a significant expansion of Exegy's capabilities in ultra-low latency technology, integrating NovaSparks' expertise in delivering deterministic performance for top-tier financial firms. The transaction underscores Exegy's commitment to enhancing its high-performance offerings within the competitive financial technology landscape.
NovaSparks is renowned for its FPGA-based feed handlers, which provide normalized, full-depth market data with sub-microsecond processing latency, even during peak market periods. Its flagship NovaTickTM Ticker Plant product supports 75 feeds across major Equities, Futures, and Options trading venues in North America, Europe, and Asia-Pacific. The company, headquartered in Paris, New York City, London, Bangkok, and Athens, has consistently set industry benchmarks and earned the trust of leading exchanges and both sell-side and buy-side institutions, including the "Best High Performance Data Feed Handler" award in 2025.
The acquisition is strategically aimed at combining NovaSparks' cutting-edge FPGA technology with Exegy's existing suite of financial market data and trading solutions. This integration is expected to create substantial synergies, allowing Exegy to offer an even more comprehensive and advanced portfolio of low-latency solutions. By incorporating NovaSparks' proven hardware-optimized designs and global reach, Exegy intends to strengthen its position in critical areas requiring speed and precision, serving a broader client base across global financial markets.
The combined entity is poised to deliver next-generation market data and trading infrastructure, leveraging decades of collective expertise in optimized hardware design and high-performance computing. This strategic move is anticipated to accelerate innovation, enabling clients to access market opportunities faster and with greater reliability. The integration of NovaSparks' specialized technology into Exegy's ecosystem is expected to drive continued growth and enhance value for institutions navigating complex and rapidly evolving financial markets.