Anova Technologies Goes Live with Patented Wireless to Fiber Arbitration Service between BATS and NASDAQ

Product offers “self-healing” between disparate transport mediums, ensuring a packet is never dropped in fast markets or inclement weather

NEW YORK & CHICAGO--()--Anova Technologies, a global provider of exchange connectivity, is pleased to announce the launch of its wireless to fiber arbitration service, dubbed “self-healing”. This patented product (USPTO 8,964,739) works by delivering any wireless packets that are dropped due to weather or over-subscription of bandwidth, via a fiber network. The process is seamless for users – all packets that were sent arrive in the proper sequence order, without any need for interaction or inefficient failover. The first network to have this service in production is Anova’s free space optic/millimeter wave path between the data centers of Carteret, NJ and Secaucus, NJ, which house the NASDAQ and BATS matching engines, respectively.

“While our dual-spectrum wireless systems are the highest availability in the world, there’s always weather corner-cases that can cause disruption to the data transmission. As a result, we custom developed this service to elegantly solve for those occurrences. Additionally, self-healing really shines when the markets get fast and a firm might exhaust its allocated bandwidth. When this occurs, historically a provider’s configuration would drop packets that contain client’s essential market data or critical customer orders. But now, Anova’s self-healing is going to autonomously intercede and deliver over fiber – ensuring a client’s bid/ask book stays intact or the order gets to the market”, stated Mike Persico, founder and CEO of Anova Technologies.

Anova plans to deploy this solution on all its paths globally, which include the full equities triangle, CME to ICE and to NY4. And while other solutions similar to this might exist in the industry, Anova’s is the only patented technology - which gives users complete comfort in the data protection product they are using for their orders and prices.

“It was very important to us to patent this innovation. It is disruptive enough to warrant protection and aligns with Anova’s continued development as an intellectual property house. As a general rule we don’t use off-the-shelf products or white label another vendor’s services – we prefer to develop and build from the ground up, which affords us the ability to manage, control and deliver the entire product stack. This sort of asset creation and ownership serves as a real differentiator in comparison to our competitors, but also allows for a great deal of customization. If a client desires a slightly different twist - we typically can accommodate due to the fact that it’s not a third party product”, explained Kieran Athy, CTO of Anova Technologies.

About Anova Technologies

Anova Technologies is the preeminent provider and innovator in transport and hardware to the electronic trading space. Since its inception in 2009, Anova has pioneered the deployment methodology for millimeter wave point-to-point networks, is the sole provider of long distance hybrid lasercom connectivity, patented and deployed endpoint termination devices and been honored with multiple awards and media coverage. Firms of all types and sizes rely on Anova’s networks to deliver ultra-low latency, near perfect availability, and scalable capacity. http://www.anova-tech.com

Contacts

Anova Technologies
Andrea Jones
773.330.1411
ajones@anova-tech.com

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