Exegy keeps upgrading its systems for sell-side, proprietary and other traders seeking ways to improve their workflow and improve their executions.
Exegy, a provider of ultra-high performance hardware-accelerated computing data solutions, has released new versions of its hardware-accelerated Ticker Plant and Market Data System appliances along with an updated Exegy Client API.
Sell-side agency businesses, market makers, and proprietary traders now can use version 3.3 of the appliances and API, which enhances Exegy’s virtual order book capabilities and provides composite views of financial instruments across multiple markets. In addition to dynamically selecting the markets that contribute to a composite data view, applications may now view the normalized trading state of the instrument on each contributing market.
In addition, applications may optionally choose to filter price contributions to the composite view based on the normalized trading state of the instrument on the given market. The Exegy normalized data model also has been enhanced to allow users to respond to Request For Quote (RFQ) events.
“”We worked closely with our customers to identify product enhancements that would result in higher fill rates and more profitable trading decisions,” David Taylor, chief technology officer at Exegy said.
In addition to enhancing the quality and flexibility of its data normalization capabilities, the firm has also beefed up its Java version of the Exegy Client API that reduces data retrieval latency by over 50 percent. The speed improvements apply to both modes of normalized data delivery supported by the Exegy Client API: a push model and a pull model. The push model delivers normalized event objects via a user-defined callback function. The pull model allows applications to retrieve snapshots on demand from cache records maintained by the Exegy Client API in local memory.
In either mode, applications may now pre-define sets of normalized data fields that may be subsequently retrieved in a single operation.
Rounding out the 3.3 release is a three-fold increase in the input capacity of Exegy’s largest appliance models. Exegy deploys 4U models of its appliances for high capacity use cases which include processing all direct feeds from the United States options markets along with the SIAC OPRA feed. The 3.3 release supports new network interface technology that allows Exegy to scale appliance capacity to address increasing aggregate data rates and burst rates of individual feeds.
