The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Exegy Delivers Website Reporting Performance and Value of Signum Real-time Trading Signals

Exegy, a provider of low-latency market data solutions and predictive analytics, has released a new website providing daily reports on the performance and value of its Signum portfolio of real-time trading signals.

One report estimates the net price improvement in US equity trades that is achievable when using Exegy’s Quote Vector, which accurately predicts the direction of the next National Best Bid and Offer (NBBO) price movements. Another provides a daily top 10 list of securities ranked on hidden order type activity on US equity markets.

In addition to estimating price improvement gains and highlighting dark order activity, the site quantifies the liquidity forecasting capability of Signum’s Quote Fuse signal – a prediction of imminent change (or near-term stability) of NBBO prices. Another report on the site shows that up to 70% of intraday execution activity can occur when Quote Fuse signals an imminent price change. The graphical reports update daily and several are interactive, providing 10 days of trailing history to highlight trends and abrupt deviations.

“The new Signum site makes public what early adopters of our Signals-as-a-Service offering have already discovered – our real-time trading signals are highly accurate and effective in boosting the performance of a wide variety of trading strategies,” says Exegy CEO James O’Donnell. Signals-as-a-Service delivers daily reports on the accuracy of signals in the portfolio, along with other technical indicators intended to assist users in developing new trading strategies. Within the next month, Exegy plans to offer these on-demand reporting capabilities to prospective Signum clients that register on the new website.

David Taylor, chief technology officer, explains that on a typical trading day for US equities there are one billion changes to NBBO prices. For each NBBO quote, Signum generates six signals resulting in over six billion signals per day for US equities. Signum signals are generated in under a microsecond in Exegy’s hardware-accelerated ticker plant appliances. He adds: “Our data science innovations were guided by three goals: identifying signals that improve latency-sensitive trading strategies, developing predictive models that are highly accurate, and designing low-latency signal computation engines that leverage massively parallel processing platforms.”

Beyond trading signals for US equities, Exegy is expanding the Signum portfolio to other asset classes with US equity options and European equities under development. The set of signals in the portfolio is also being expanded, adding more predictions to every market data update in real-time.

Related content


Recorded Webinar: Market data management, licensing and administration in the post-Covid environment

Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of the issues involved. As if that weren’t enough, things got more challenging for these teams in...


IPSX Creates Integrated Technology Framework Ahead of First Admission

UK-based IPSX, which describes itself as the world’s first regulated stock exchange dedicated to real estate assets, has pulled together an integrated technology environment and a set of standardised data workflows ahead of its first ‘Intention to Float’ (ITF) on its IPSX Wholesale market, scheduled for next month. IPSX has been working with a plethora...


TradingTech Summit London

TradingTech Summit London will explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility. Leveraging the cloud, AI and ML technologies to get an edge, automate processes and simplify operations in a cost effective way is the name of the game and will share practical insight from practitioners and technology leaders who are innovating and driving forward change in trading operations.


Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...