After merging with Vela Trading Systems last week, Exegy became the largest provider of low-latency market data and direct market access solutions in the marketplace, according to David Taylor, Co-President and CTO.
“With our comprehensive product portfolio, we have the ability to address the full spectrum of latency and distribution requirements – from nanosecond delivery speeds to global distribution,” Taylor told Traders Magazine.
On May 17, 2021, Exegy, a provider of low-latency solutions for global market data, predictive trading signals, and hardware-acceleration technology, and Vela Trading Systems, a provider of data and execution technology for global multi-asset electronic trading, merged business operations.
Operating as Exegy Incorporated, the combined company creates a dominant provider of premier data and execution platforms, managed services for electronic trading powered by proprietary hardware-acceleration, artificial intelligence, and service automation technologies.
Taylor said: “Our Direct Market Access (DMA) and automated trading platforms will be differentiated with superior speed via hardware-acceleration and unique capabilities provided by our predictive trading signals. With our significant investments in global service teams and automated services infrastructure, we further differentiate our solutions with excellent service and a premium user experience.”
“Quite simply, no other vendor in the marketplace provides this breadth of solutions,” he said.
At the core of Exegy’s customer base are global banks, brokers, hedge funds, and principal traders.
Jim O’Donnell, Chairman and CEO of Exegy, said: “We provide mission-critical solutions to their agency execution, Alternative Trading System (ATS), dark pool, broker dealer, systematic and discretionary trading, and market making businesses. We have a number of offerings that address similar needs from mid-tier and early-stage firms.”
“We see our merged company at the vanguard of meeting the modern needs of trading firms – optimal performance, global market coverage, both market data and execution solutions, all delivered as a fully managed service,” he added.
Exegy is committed to maintaining the current portfolio of market data APIs for existing customers.
Jen Nayar, who will serve as Chief Integration Officer and lead the efforts to integrate Vela’s products with Exegy’s technology and service delivery platforms, commented: “Our goal is to minimize effort expended by our customers while still delivering notable improvements to performance and user experience.”
She told Traders Magazine that the current Vela Metro and DMA Platform products will be integrated with Exegy’s Xero hardware trading platform to offer customers the ability to achieve nanosecond-level speeds.
Users of Vela’s execution gateways and DMA Platform will have access to Exegy’s Signum portfolio of predictive trading signals to enhance execution quality and identify new alpha opportunities.
“Our Signum portfolio of predictive trading signals will serve as an overlay to our full portfolio of market data and execution products, allowing firms to capture more alpha and optimize execution quality,” Nayar said.
