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 Acquires FPGA Specialist Enyx

Subscribe to our newsletter

Front-office trading solutions vendor Exegy has added to its product portfolio by acquiring Paris-based Enyx, a leading developer of FPGA-based, high-performance trading solutions. Operating as Exegy Inc., the combined company will now offer a product suite that leverages low-latency field-programmable gate array (FPGA) technology at all stages of the trading lifecycle.

This builds on Exegy’s growth strategy, following its merger with Vela Trading Systems a year ago, and the subsequent restructuring of its management team following the departure of Jen Nayer, Vela’s former CEO.

There is much synergy between the two companies, explains Craig Schachter, Chief Revenue Officer at Exegy. “The way that we deliver market data today at Exegy includes hardware-accelerated, software-based, and consolidated feed solutions,” he says. “This acquisition adds a solution in our portfolio for customers wanting to take a step up from our consolidated feed to something a little more latency-sensitive for certain feeds, but who don’t necessarily want to go for a full ticker plant. Exegy can now offer the nxFeed product, a low-latency solution that delivers market data on a card, which is fantastic. It can really bring value to those customers, and it also increases our addressable market.”

The Enyx framework solution also provides a foundation for Exegy customers who want to build their own solutions by integrating their own IP blocks into the Enyx FPGA suite, says Schachter. “This takes the ‘buy versus build’ debate out of the equation,” he suggests.

Exegy now plans to integrate Enyx’s team, intellectual property, and industry expertise to accelerate and expand its roadmaps for hardware-accelerated products and services for market data delivery, predictive analytics, automated trading, and execution.

“Enyx has some products that we’re keen to include in the roadmap for our own trading and execution solutions,” says Schachter. “Where there’s a way to enhance our products by incorporating Enyx technology, we’re certainly going to take advantage of it. One of the things that Exegy brings to the table is our industry leading managed services, and we’re absolutely going to be wrapping those managed services around this amazing technology that we’ve just acquired.”

Following the acquisition, the company will operate as a single organisation, with a single leadership team. “The Enyx customers will see no change to product support, no change to the people that they had been accustomed to working with, the team of experts will stay, and we will now build on the centres of excellence that we have,” says Schachter. “One of the key benefits of this acquisition is Enyx’s deep bench of talent from an FPGA engineering perspective. These people are some of the best in the world, and we are incredibly happy and honoured that they have joined the Exegy family.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Unlocking value: Harnessing modern data platforms for data integration, advanced investment analytics, visualisation and reporting

4 September 2025 10:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Modern data platforms are bringing efficiencies, scalability and powerful new capabilities to institutions and their data pipelines. They are enabling the use of new automation and analytical technologies that are also helping firms to derive more value from their data and...

BLOG

European Exchanges’ Reliance on Market Data Revenues Stifles Growth and Innovation, MSP Study Finds

A study by Market Structure Partners (MSP) has highlighted how Europe’s largest stock exchanges are increasingly relying on market data sales to maintain overall revenues despite a significant downturn in equity trading volumes, market share, and customer base. The research, commissioned by a coalition of trade and industry associations, critiques the evolving fee structures of...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...