Exegy Feed Handler Taps Bloomberg
Traders Magazine Online News, November 21, 2011
St. Louis-based market data processing company Exegy announced its feed handler is now processing data from Bloomberg's B-Pipe consolidated market data feed.
The feed handler for the Exegy appliance will aggregate all the market feeds from exchanges, brokers and contributors that post to Bloomberg, offering clients a single point of entry for market data. Exegy customers will be able to manage market data flow more efficiently and at a lower total cost, according to Jeff Wells, vice president of product marketing at Exegy.
"For the first time ever, Exegy clients can have access to the Bloomberg universe of market data," Wells said.
Bloomberg currently carries global market data feeds from 250 exchanges as well as from other non-exchange market venues, according to the company.
Combining high quality market data from Bloomberg with ultra-low latency data from direct feeds using the Exegy Ticker Plant, customers can reduce the cost of transporting exchange feeds, said Scott Parsons, chief technology officer at Exegy.
High-frequency traders are big users of feed handlers as they look to get as much market data as fast as possible in order to execute trades the fastest.
Exegy provides market data aggregation to both the buy- and sellside as well as to two exchanges.
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