About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Exegy Adds IEX Data as its First Direct Source

Subscribe to our newsletter

Market data managed services and technology provider Exegy has taken a step to be a direct source of some US National Market System (NMS) data itself, with an announcement of the addition of IEX (The Investors Exchange) data to its X-Port market data vending service.

“We are offering a more complete direct feed for the US equity markets,” says David Taylor, chief technology officer of Exegy. “One of the key reasons our clients use our technology platform is to build a view of the NBBO for US equities, using the direct feeds from the exchanges, rather than waiting for the security information processors to compute that and pass it along on the consolidated tape. Having the direct feeds from the exchanges that comprise the NMS is an essential part of doing so.”

Exegy sought to help clients reduce the number of vendors necessary for their data management technology, explains Taylor. “It has always been the case that our customers had to source the raw data to use our products and services,” he says. “[Our customers] want to achieve the same level of quality of service for sourcing the raw data. This will be something we can provide for existing users of our services. For new clients, it will be more of a complete market data offering.”

Previously, Exegy focused on normalisation and distribution of real-time and market data, leaving it to customers and partners to source raw data to plug into Exegy’s services. Exegy did, however, recently add OTC market feeds to X-Port, and is looking to make its US equity markets offering complete, then build direct feeds for futures markets, according to Taylor.

X-Port users build views of the national best bid and offer (NBBO) for US equities. Exegy services can compute NBBO fast and flexibly from direct market feeds. Exegy’s hardware and software ticker plants can be combined with X-Port to build a complete market data solution. The company’s users include market makers, agency execution providers, alternative trading system and exchange operators.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes

In Partnership With Date: 20 May 2024 Time: 11am London / 1pm Egypt & Saudi Arabia / 2pm United Arab Emirates / 6am CET Duration: 50 minutes As key states across the region seek alternatives to the fossil fuel industries that have driven their economies for decades, pioneering financial centres are emerging in Egypt, United...

BLOG

SIX Adds Crypto Reference Rates and Real-Time Indices

SIX has released SIX Reference Rate Crypto and SIX Real-Time Crypto indices that will serve as benchmarks for AsiaNext’s crypto derivatives trading platform as well as for institutional investors globally. The indices cover major crypto assets Bitcoin (BTC) and Ethereum (ETH), giving a comprehensive snapshot of the market and its performance. AsiaNext, founded by SIX...

EVENT

Data Management Summit New York City

Now in its 14th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

BCBS 239 Data Management Handbook

Our 2015/2016 edition of the BCBS 239 Data Management Handbook has arrived! Printed copies went like hotcakes at our Data Management Summit in New York but you can download your own copy here and get access to detailed information on the  principles and implications of BCBS 239 on Data Management. This Handbook provides an at-a-glance...