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

A-Team Insight Blogs

Exegy Sets out Development Plans for Hardware Accelerated Appliances

Exegy, a provider of hardware accelerated appliances, has detailed product developments it will release later this year including a faster, feature-rich Java applications programming interface (API), improved integration of the company’s managed services infrastructure with Thomson Reuters’ Data Access Control System (DACS), and a fourth generation of the Exegy platform. These additions follow the release of version 3.2 of the company’s ticker plant and market data system appliances, and its Client API last month.

The latest product developments respond to customer requests following Exegy’s campaign to grow its enterprise market data business early this year through the provision of a package of products and services designed to help users migrate to its market data solutions.

Development of the Java version of the Client API, which is common to all Exegy products and allows applications to receive normalised data from the Exegy ticker plant, market data system and trading application platform, is intended to bring its features and performance in line with that of the company’s C version of the API. David Taylor, chief technology officer at Exegy, comments: “With the success of our products and services in the broader enterprise market, we support a diverse set of applications, many of which are written in Java. Development of the Java API is a response to requests from our growing base of Java users.”

Enhanced integration of Exegy’s managed services infrastructure, which hosts and manages all Exegy appliances, with Thomson Reuters’ DACS solution will improve support for the generation of usage reports covering entitlements, feeds and individual instruments. On this, Taylor comments: “Our customers choose Exegy products and services for their total cost of ownership advantages. We have been asked to help them achieve comprehensive cost goals by enabling better insight and control over market data use.”

These product developments build on version 3.2 of the ticker plant and market data system appliances that were released in May with optimised capacity and speed. Version 3.2 doubles raw data input capacity to allow the appliances to ingest up to 15 million messages per second. Capacity, and increased speed, are delivered through the optimisation of data normalisation and book-building engines in the appliances. The company’s version 3.2 ticker plant, by way of example, can ingest raw market data and deliver normalised data to a customer application at an average latency of 10 to 15 microseconds.

The Client API has also been enhanced in version 3.2 to allow client applications to employ more threads and processor cores to consume normalised market data. With most applications needing only one appliance, Exegy maintains a small product footprint at colocation or proximity data centres, providing not only capacity and speed, but also beneficial total cost of ownership.

Taylor explains: “The 3.2 versions deliver end-to-end throughput and latency improvements for the most demanding consumers of market data. This is especially meaningful for consumers of direct feeds from the US options exchanges, which include several of our market maker and sell-side agency customers.”

Version 3.2 also includes improvements to customer monitoring and management of appliances that are deployed within the Exegy managed service. Key here are the ability to monitor appliance performance metrics and latency in real-time using monitoring objects in the Client API and an API that allows customers to write their own monitoring and alerting applications.

With hundreds of appliances deployed across North America and Europe, Exegy is planning a move into Asia. It is also planning the fourth generation of its hardware accelerated appliance platform. This, says Taylor, will allow the Exegy appliances to meet relentless demand for increases in market data capacity, add functionality and reduce end-to-end latency.

Related content

WEBINAR

Upcoming Webinar: The evolution of market surveillance across sell-side and buy-side firms

Date: 21 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Market surveillance is crucial, and in many cases a regulatory requirement, to ensuring orderly securities markets and sustaining confidence in trading. It can be breached and has become increasingly complex in the wake of the Covid pandemic, Brexit, and...

BLOG

Gresham Technologies Agrees to Acquire Electra Information Systems

London-based Gresham Technologies is acquiring New York-based post-trade automation specialist Electra Information Systems, in a cash deal valued at up to $38.6 million. The acquisition, which follows Gresham’s purchase of Inforalgo Information Technology last summer, will boost Gresham’s physical presence in the US, double its customer numbers to over 270, and strengthen its cloud and...

EVENT

Virtual Briefing: ESG Data Management – A Strategic Imperative

This briefing will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

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...