New PCAP Service from Exegy Offers FPGA-grade, Hardware-timestamped Raw Market Data Capture
New York, Chicago, London — October 13th, 2026 — Exegy, the provider of high-performance market data and trading infrastructure for capital markets firms, is today announcing in partnership with FMADIO, specialist in packet capture systems, its new End-of-Day packet capture (PCAP) service providing raw, market data capture with precise timestamps, available in all Axiom consolidated feed Points of Presence. With Axiom, Exegy’s consolidated market data feed service, clients will be able to take advantage of FPGA-grade, hardware-timestamped raw captures, while eliminating the operational and infrastructure burden associated with building or maintaining the architecture themselves.
Arnaud Derasse, CTO of Exegy, said: “We decided to leverage our Axiom real-time market data infrastructure to provide a service most of our clients are craving. While PCAP services are often seen as a commodity offering, finding good, raw market data packet captures without gaps, that have precise timestamps with modern delivery mechanisms, isn’t that straight-forward. We have listened to our clients who are looking for a ’simple but really well done’ service to complement their use of real-time data and technology from Exegy”.
Benefits:
- High-performance Packet Capture: FPGA-enabled packet capture via FMADIO 40G/100G appliances, avoids the data loss and jitter that software capture introduces under bursts during peak data volumes.
- Latency Benchmarking and Analysis: Hardware timestamping at the point of capture through Arista switches provides timestamp precision suitable for latency benchmarking and best-execution analysis.
- Quality Validation: Exegy captures both A and B data services and provides quality checks to validate that capture files are gapless.
- Low Latency Connectivity: Market data is transported by Waypoint Trading Solutions, leveraging modern low-latency exchange connectivity.
- Automated Data Delivery: For ease of use and download automation, data delivery is made using Amazon Web Services S3 buckets to clients for End-of-Day download. Daily PCAP files are kept for 14 days.
Aaron Foo, CEO of FMADIO, said: “We are delighted to work with Exegy to provide lossless packet capture for their End-of-Day PCAP packet capture service. FMADIO’s expertise in high speed network packet capture coupled with Exegy’s market data experience provides a unique opportunity for electronic trading clients to source historical market data PCAP’s from a reliable and accurate source using the same technology and open standard formats that they have been deploying on-site”.
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About Exegy Inc.
Exegy provides high-performance market data and trading infrastructure for the world’s most demanding capital markets firms. With over 125 patents, our proprietary platforms help clients process, normalize, distribute, and act on real-time data with deterministic performance as volumes, volatility, and complexity rise. Drawing on software, FPGA acceleration, and managed services expertise, Exegy supports the full spectrum of latency needs—from ultralow-latency strategies to broad cross-asset workflows—on a unified stack. Recent deployments have delivered efficiency gains, including server-footprint reductions of up to 47%, while preserving performance under peak load. We partner closely with quantitative trading firms, brokerages, and global banks to deliver reliability, scalability, and operational simplicity.
For more information, visit exegy.com.
