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News 2017 News

With Exchange Nods And Network, Exegy Becomes Data Vendor

Source: Inside Market Data | 28 February 2017

Exegy has launched a new service, X-Port, which enables clients to access direct feeds from US exchanges at major co-locationdatacenters, including Equinix’s NY4 datacenter in Secaucus, NJ, and Nasdaq and NYSE’s datacenters in Carteret and Mahwah, NJ, respectively. The service will initially provide equities and options data from Nasdaq, NYSE, Bats Global Markets, OTC Markets Group, and consolidated tape feeds from SIAC (the Securities Industry Automation Corp), as well as consolidated options data from the Options Price Reporting Authority.

“Previously, clients would have needed to arrange their own connectivity between their Exegy appliances and exchanges. By having Exegy perform these functions on their behalf, clients will both save money and—depending on each firm’s setup and sophistication—potentially reduce latency by “tens to hundreds of microseconds,” Exegy chief technology officer David Taylor. “Getting exchange approvals, setting up the network and understanding the billing and reporting process, and so on, is not a trivial exercise, so … for someone who has done this themselves until now, we expect this to be much cheaper.”

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