Anova Technologies said it is rolling out a technology that will encrypt trading instructions in under one millionth of a second.
The optical engineering firm said it is demonstrating the high-speed encryption technique, called OptiVault, at the 2011 FIA Options & Futures Expo.
“Ultimately, with the preponderance of electronic trades along with the sheer volume of HFT, we observed a very real and growing threat of vulnerability in the data transport mechanism,’’ stated Michael Persico, CEO and founder of Anova Technologies.
Data centers and communications carriers have tight security in their facilities, he said. However, there is a “huge gap of network exposure that exists at all points where the fiber travels over public ground’’ which OptiVault is intended to stem.
“Clients can be blind to the fact that their system has been infiltrated, as many of these techniques do not even cause a change in optical light levels,’’ he said. “We’re talking about devices that are the size of cell phone, non-electrified and most disconcerting, unnoticeable even using intrusion detection systems.
“All of this, coupled with the fact that they can be inserted at ‘soft’ sites such as telephone poles or manhole splice points in the streets and railroads, and you’ve got the potential for a serious breach to manifest at some point,” said Persico.
OptiVault provides sub-one microsecond overhead in Layer 1 physical encryption, Anova asserts.
“Essentially, what we’ve done is created the best of both worlds for our customers by providing not only the shortest path, but also the ability to be completely secure, without compromising their need for cutting- edge speed,” remarked Kieran Athy, CTO of Anova Technologies.
The service starts November 1, 2011.
-- This article first appeared on Securities Technology Monitor.
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