---
title: "InRush Ticker Plant | Low-Latency Feed Handler | Redline"
description: "InRush Ticker Plant is an ultra-low latency feed handler that normalizes exchange messages and reconstructs full-depth order books in memory across 230+ global venues. Intelligent subscription filtering delivers only the events each application needs, with NBBO and EBBO calculation across all major asset classes."
source: https://www.pico.net/products/data-and-trading-software/inrush-ticker-plant/
markdown_url: https://www.pico.net/products/data-and-trading-software/inrush-ticker-plant.md
---

# InRush Ticker Plant
Ultra-low latency market data feed handler delivering intelligent trading events from 230+ global venues, on a fraction of a server.

- Sub-microsecond tick-to-trade latency when paired with Order Execution Gateway*
- Full-depth order book reconstruction with price and order-level views
- NBBO/EBBO calculation across equities, options, futures, FX, and fixed income
- 230+ venue support with intelligent subscription filtering and book management

## What is a ticker plant?

A ticker plant (or feed handler) is trading software that connects directly to exchange data feeds, normalizes incoming messages, and maintains accurate order books in memory for downstream trading applications. InRush Ticker Plant processes market data from 230+ global venues with microsecond latency, delivering only relevant events to each subscriber to avoid information overload.

## Choose your deployment path

### Single-server trading

Embed InRush with our Order Execution Gateway for tick-to-trade performance under 3 microseconds.

### Enterprise distribution

Fan out normalized data via RedlineFeed to subscribers across your organization.

### Managed service

Offload deployment, monitoring, and venue connectivity to our team.

### Performance & features

See detailed specs, supported venues, and deployment architecture.

## Common use cases (and what you'll achieve)

### Ultra-low latency algorithmic trading

- Capture price changes in microseconds and execute before opportunities disappear
- Sub-microsecond tick-to-trade when paired with Order Execution Gateway

### Accurate NBBO/EBBO calculation

- Build composite best bid/offer across venues with correct quote conditions and trading status
- Support for U.S. NBBO and European EBBO

### Multi-asset-class coverage on one platform

- Normalize feeds across equities, options, futures, FX, and fixed income
- Eliminate the complexity of managing separate feed handlers per asset class

### Risk checks at tick speed

- Validate orders against real-time portfolio state and market conditions before submission
- Tight coupling with execution layer for pre-trade risk at microsecond latency

### Historical replay and compliance verification

- Replay PCAP recordings with nanosecond timestamps to reconstruct market conditions
- Support audit workflows and strategy validation with historical data

## InRush Ticker Plant FAQs

### What is the difference between a ticker plant and a market data feed?

A market data feed is the raw stream from an exchange. A ticker plant (feed handler) normalizes that stream, reconstructs order books, calculates derived values like NBBO, and delivers intelligent events to trading apps.

### How does InRush achieve microsecond latency?

InRush is architected for determinism with optimized Intel microarchitecture support, low-latency network adapters, in-memory book management, and tight coupling with our Order Execution Gateway to eliminate network hops.

### Can InRush handle multiple asset classes on one server?

Yes. InRush supports equities, options, futures, FX, and fixed income from 230+ venues on a fraction of a single Linux server, reducing infrastructure complexity.

### Does InRush support NBBO and EBBO calculation?

Yes. InRush can generate composite best bid/offer (NBBO for U.S. markets, EBBO for European markets) across venues with correct quote conditions and trading status.

### Can I replay historical market data for compliance verification?

Yes. InRush includes PCAP recording and replay with nanosecond-precision timestamps, enabling you to reconstruct market conditions for audits and strategy validation.

### What is a ticker plant?

A ticker plant normalises raw exchange feeds into one format, rebuilds the order book from the message stream, and publishes the result to trading applications. InRush is Pico's, built so the normalising layer does not become the latency it was deployed to remove. For the general concept, see [what is a ticker plant](https://www.pico.net/kb/what-is-a-ticker-plant/).

## Ready to see InRush in action?

Request a demo to see how InRush Ticker Plant can deliver microsecond-latency market data from 230+ venues, on a fraction of a server.