Exegy wins new business for the low latency enterprise. A large bank with international operations has chosen Exegy to replace their existing market data distribution systems from an established technology vendor.
The bank's quantitative and algorithmic trading applications as well as their smart order routing applications now rely on the Exegy Enterprise System, which consists of Exegy Ticker Plant and Exegy Edge Cache devices, for their market data needs.
The Exegy Edge Cache greatly expands the market data distribution capacity of the hardware-accelerated Exegy Ticker Plant, extending Exegy's performance and cost reduction advantages throughout the enterprise.
"Clients are looking for cost savings as well as a more reliable system from a provider willing to support them with a managed service and new features that allow for easy migration of applications as well as integration with other providers," says Jeff Britt, Executive VP Sales for Exegy. "Providing a significant reduction in data center footprint along with faster market data seems to be a trend both with larger banks as well as hedge funds and exchanges".