ST. LOUIS, March 16, 2015 /PRNewswire/ — Exegy, Inc., a leading provider of managed services and technology for market data normalization and distribution, has announced today the availability of its fourth generation of hardware accelerated appliances. Exegy unveiled the first FPGA-based appliance for market data processing in New York in June 2006. It quickly garnered attention by significantly reducing latency for normalized data delivery while consuming far less space and power in the data center.  Since that time, Exegy has developed a high-performance and feature-rich product line that is backed by comprehensive managed services. Today Exegy serves as a strategic partner to leading exchanges, market makers, sell-side banks, buy-side asset managers, and proprietary traders. "This is a significant achievement for Exegy that underscores our relentless commitment to innovation.  It is tangible evidence of our sustained efforts to deliver the manifold benefits of our intellectual property portfolio of over 125 patents and patents pending to the financial services industry," says chief executive officer James O’Donnell.

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The fourth generation Exegy appliances boast nine times the raw market data ingest capacity of the current third generation appliances.  Data processing capacity is also boosted by a factor of ten, enabled by the latest FPGA and multi-core x86 processor technology.  The substantial boost in performance not only delivers consistently low latency under increased load, but also enhances Exegy’s ability to provide cost efficient solutions.  For example, a single fourth generation Exegy appliance is able to normalize and distribute market data from all US Options feeds:  SIAC OPRA and direct feeds from all markets, including full-depth market by order feeds.  This includes the computation of multiple user-defined composite views of real-time pricing of every option contract across all markets.  The capabilities of the fourth generation Exegy appliances were engineered to deliver far more than raw performance.  Chief technology officer David Taylor explains, "We set four strategic goals for the next-generation appliance platform:  deliver superior capacity and latency performance under load, enable an enhanced managed services experience for our customers, provide transformative visibility and operational content, and enable the fulfillment of our rich feature roadmap."

Exegy allocated a portion of the additional processing resources in the new appliances to expand its ability to provide secure remote management, to generate operational content, and to perform automated data quality checks.  The FPGA devices at the heart of Exegy appliances allow these tasks to be performed without impacting the performance of real-time market data processing.  "The fourth generation appliances are the tip of the iceberg," says chief information officer Scott Parsons.  "Exegy is executing expansive enhancements to its managed services infrastructure to improve the breadth and depth of services we provide to our clients.  It goes well-beyond secure, hands-off management of our global estate of deployed appliances to include the delivery of enriched operational content and value-added services that dramatically improve the customer experience," adds Parsons.

The fourth generation appliances are immediately available for new Exegy appliance deployments and upgrades to existing deployments.  "We are fulfilling new appliance orders, as well as orders for appliance upgrades from some of our largest clients now.  We expect them to be in production before the end of the first quarter," says O’Donnell. 

About Exegy, Inc.
Exegy provides best-of-breed technology and managed services for the normalization and distribution of real-time market data to a diverse set of elite firms in the financial services industry. Today Exegy serves as a strategic partner to leading exchanges, market makers, sell-side banks, buy-side asset managers, and proprietary traders. At the heart of Exegy’s product line are purpose-built, hardware-accelerated appliances derived from an extensive portfolio of patented and patent-pending technology.  For more information, please visit www.exegy.com and follow Exegy on LinkedIn and Twitter @ExegyMarketData.

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