Exegy Unveils Embedded Edition of Ticker Plant

Exegy, Inc. unveiled a new version of the hardware accelerated Exegy Ticker Plant which includes Exegy code running on the customer's machine, according to the company's release.The market data company says the embedded edition will be packaged with the Exegy Ticker Plant.

In a statement, Scott Parsons, Exegy's chief scientist & architect, said this "breakthrough design is based on insights and requests from customers." Speaking at the High Performance on Wall Street conference in New York, held today, Scott said that high-frequency traders want to ingest collocated feeds directly into their private trading systems but they also want the benefits of hardware acceleration especially regarding capacity and feed management. "And this product offers the best of both worlds," stated Parsons

Jeff Wells, Exegy's VP of product management, explained, "A typical customer will bring in direct feeds via a cross-connect to the hardware-accelerated Exegy Ticker Plant and into their own box. The Exegy Ticker Plant and the client's private machine will be constantly in touch electronically to maintain the relevant order books and to orchestrate feed synchronization," which he said was extremely important in today's fast markets. Customers can also hook up all the feeds they need from the away markets that are outside the collocated facility, into the familiar Exegy Ticker Plant, said Wells. The appliance provides an extremely low-latency low-jitter feed of normalized and managed data from order books, stocks, futures and options, which clients can pick from its portfolio of feed handlers, according to Wells in the release.

Based on testing so far, customers will be processing data, including the collocated order book, from the collocated feeds, at 10 microseconds or less while maintaining access to the away market data and the consolidated order book with latency of 25 microseconds, reported Wells in the release.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio