IMC Addition Builds on Existing List of Global Liquidity Providers
ST. LOUIS and NEW YORK – 21 August 2019 – Exegy Inc., the leading provider of managed services and low-latency technology for market data normalization and distribution, market connectivity and price aggregation, and real-time trading signals, has today announced the addition of IMC equity liquidity venues to its global portfolio of feed handlers. Exegy clients may now access low-latency market data from the IMC Systematic Internaliser (SI) in Europe and IMC Single Dealer Platform in the United States from Exegy hardware-accelerated appliances. The new IMC feed handlers join an expanding portfolio of over 200 direct feeds for global equities, commodities, derivatives, currencies, and fixed income markets – including a dozen feeds from Systematic Internalisers and Indications of Interest (IOI) from single dealer platforms.
IMC provides liquidity to the financial markets globally, and now trades multiple asset classes on over 100 trading venues. In 2018, IMC started operating an Electronic Liquidity Providing Systematic Internaliser in Europe, whereby IMC offers liquidity directly to counterparties. In 2017, IMC also launched its Single Dealer Platform (SDP) in the U.S. that allows broker-dealers to interact directly with IMC’s liquidity in both listed single stocks and ETFs. “We are pleased to join Exegy’s growing list of electronic liquidity providers,” says Bruce Gunn, at IMC. “We look forward to supporting the growth of their European and U.S. business through our unique Electronic SI platform and Single Dealer Platform,” adds Bruce.
Exegy has added the new SI and IOI feed handlers in response to demand from their customers who operate the leading agency execution, dark pool, and ATS businesses for equities in the US, Canada, and Europe. As part of its standard managed services, Exegy develops and installs new market data feed handlers on existing appliances without deploying additional equipment or increasing service fees. “The addition of these SI and IOI feed handlers to ticker plants that already consume direct feeds from exchanges and alternative trading systems provides Exegy customers with a comprehensive view of available liquidity. Our hardware-accelerated market data appliances allow Exegy to deliver this expanded visibility with no impact to data latency or system cost,” says Exegy Chief Technology Officer David Taylor.
About Exegy, Inc.
Exegy provides low-latency market data normalization and distribution, market connectivity and price aggregation, and real-time trading signals to elite firms in the financial services industry. Today Exegy serves as a strategic partner to leading principal traders, agency brokers, Alternative Trading System (ATS) and dark pool operators, market makers, hedge funds, and asset managers. At the heart of Exegy solutions are purpose-built, hardware-accelerated appliances derived from an extensive portfolio of patented and patent-pending technology. All solutions are delivered as a fully managed service backed by a global team of experts and state-of-the-art infrastructure. Exegy promotes the design of robust electronic markets through its MarketDataPeaks service that reports real-time market data feed rates.