Exegy, a leading provider of managed services and low-latency technology for market data normalization and distribution, has launched a fully managed FX market data and order execution solution, Trade Port FX.
FX markets are experiencing rapid growth in market fragmentation, speed and functionality requirements. And so are the costs and complexity of building, maintaining, and managing trading infrastructure.
By delivering network connectivity, normalized market data, and order entry to major FX venues as a fully managed service, the product enables sell-side banks, buy-side fund managers, and multi-national corporations to meet all their FX market access requirements via a single vendor.
James O’Donnell, Chief Executive Officer of Exegy, commented: “We view the macro environment in FX to be driving firms to managed technology solutions that we are well-positioned to deliver. Over the past ten years, we have refined our ability to provide fully managed solutions that are differentiated by their performance, functionality, ease-of-use, and quality of service.”
A cross-connection at the co-location data centers for FX markets in London and New York provides access to major FX trading venues and liquidity providers, insulating firms from the cost and complexity of establishing and maintaining connectivity to an increasingly fragmented market.
Exegy’s computing appliances are able to produce consistent single-digit microsecond speed and a rich set of data aggregation and filtering features. Trade Port FX delivers normalized FX market data and order execution through a unified, FX-specific API. Exegy also provides easy-to-use sample applications and code-generation tools to streamline workflows and expedite implementation schedules.
The managed services and market data technology provider was founded 15 years ago. And over the past ten years, it has been providing managed market data solutions for global equities, derivatives, commodities, and fixed income trading. FX venues were added to its market data feed handler portfolio in 2012.
Exegy has recently appointed industry veteran Karl Dundon to lead the expansion of its FX offering, which now includes order entry functionality and managed venue connectivity.
Dundon commented on the appointment: “Trade Port FX is simply the right technology and service model for the FX markets today. Exegy assembled a team with deep industry experience and unmatched technology prowess to deliver a transformative product to the marketplace. We have also been greatly aided by expert guidance and enthusiastic encouragement from our Tier 1 clients.”
In 2017, the company announced the launch of vending services for direct market data feeds from United States markets at major-colocation data centers.