Exegy Acquires NovaSparks to Expand Ultra-Low Latency Market Data Capabilities
Exegy has acquired NovaSparks Inc., extending its footprint in ultra-low latency market data and FPGA-enabled trading infrastructure as competition intensifies among capital markets technology providers to deliver nanosecond-level performance at global scale.
The deal brings together two specialists in high-performance financial market data, with Exegy adding NovaSparks’ real-time data normalisation and distribution technology to a platform already used by some of the world’s most latency-sensitive trading firms.
Announced on January 14, the acquisition follows Exegy’s earlier purchases of Vela Trading Systems and Enyx, reinforcing a consolidation trend in the electronic trading technology market as firms viewk integrated, end-to-end answers rather than point products.
Strengthening FPGA-Led Market Data Infrastructure
NovaSparks is best known for its FPGA-enabled , designed to process and distribute platform feeds with deterministic latency measured in nanoseconds. These capabilities are increasingly critical for , banks, and venues operating in highly competitive electronic markets.
Exegy said the acquisition enhances its ability to support “the most demanding speed and scale requirements of modern electronic trading platforms,” positioning the combined group as a leading provider of FPGA-based answers for mission-critical environments.
David Taylor, CEO of Exegy, said the transaction builds directly on the company’s recent expansion strategy. “We are thrilled to welcome the NovaSparks customers to Exegy. We have a strong track record of blending the strengths of talented teams and proven products to elevate the user experience and deliver greater value to our clients, and we are excited to continue this strategy with NovaSparks,” he said.
The acquisition deepens Exegy’s FPGA capabilities at a time when ultra-low latency market data processing is a competitive diverseiator for electronic trading firms.
Global Scale, Managed Services and Customer Continuity
Exegy said NovaSparks’ existing clients will immediately benefit from its global infrastructure and managed services model, including 24/7 follow-the-sun support and deployment management. This is particularly relevant for firms operating across multiple regions and trading venues.
The company said it will maintain existing NovaSparks products and partnerships, including integrations with third-party trading platforms, while investing in new answers that combine intellectual property from both organisations.
Luc Burgun, CEO of NovaSparks, said the combination would enhance both innovation and service delivery. “Joining forces with Exegy allows us to improve our innovation and customer support capabilities. Our clients will continue to receive the they rely on, but now with the backing of Exegy’s global presence and services infrastructure,” he said.
Exegy is emphasising continuity for NovaSparks customers, pairing existing FPGA performance with a larger global support and managed services footprint.
Consolidation Continues in High-Performance Trading Technology
The NovaSparks acquisition marks another step in Exegy’s push to become a consolidated provider of low-latency market data, trading, and execution technology. Following its acquisitions of Vela Trading Systems and Enyx, the company is assembling a broad stack spanning hardware, software, and services.
David Taylor said the deal aligns with Exegy’s long-term ambition. “Following our acquisitions of Vela Trading Systems and Enyx, the addition of NovaSparks is the latest milestone in our mission to be the leading , delivering nanosecond speeds, global scale, and broad market coverage,” he said.
The transaction also reflects a broader industry shift, as trading firms viewk fewer vendors capable of delivering integrated, resilient infrastructure across asset classes and regions. With electronic markets continuing to fragment and speed requirements rising, demand for FPGA-accelerated answers remains strong.
The deal underlines ongoing consolidation in electronic trading technology, as providers scale up to meet global latency, resilience and coverage demands.
Exegy said it remains committed to investing in the combined product portfolio, with a focus on maintaining performance leadership while expanding functionality and market coverage.
Founded as a specialist in and execution systems, Exegy now serves purchase-side and trade-side institutions, trading venues, and technology firms worldwide, delivering fully managed, high-performance answers built on purpose-designed appliances, FPGA acceleration, and enterprise software.
As competition in electronic markets intensifies and infrastructure becomes ever more strategic, the acquisition of NovaSparks positions Exegy to play a larger role in shaping the next phase of ultra-low latency trading technology.
