Software-Based Feed Handlers
Exegy’s market data processing solution available in software. Gain access to actionable, time-sensitive market data from over 300 venues through a single, normalized API.
Software Feed Handler
Exegy’s Software Feed Handler (SMDS) provides low latency, normalized market data with access to over 300 venues, with global coverage and support for all major asset classes. Manage increasing data rates and continual industry changes with Exegy’s SMDS.
The SMDS Solution is delivered via a single, high-performance, flexible API. All content is normalized to Exegy’s Market Data Model, reducing the time it takes for our customers to add further markets and understand venue-specific complexities.
Full support for book building of both price books and order books, along with the ability to create composite order books that give a comprehensive view of liquidity across venues, is available with Exegy’s SMDS.
Other key features include:
- vendor-neutral entitlements control and reporting system for audit compliance
- cost controls to help reduce market data expenditure
- support for native recovery mechanisms to ensure full feed resiliency

| Features | Software Feed Handler | Exegy Ticker Plant | Axiom (Consolidated Feed) |
|---|---|---|---|
| Support for 200+ market data feeds | |||
| support for global markets | |||
| support for major asset classes | |||
| universal exegy client api | |||
| DEFINE SYMBOL LIST AND ALTERNATE SYMBOL MAPPINGS | |||
| Latency profile | MICROSECONDS | MICROSECONDS | SUB-MILLISECOND |
| custom national best bid and offer calculation | |||
| custom aggregated price book calculation | |||
| custom basket net asset value calculation | |||
| Synchronous delivery of signum predictive analytics | |||
| hot-hot redundant infrastructure | |||
| cloud deployment options | |||
| deployment method | CLIENT-MANAGED SOFTWARE | ON-PREMISE, PURPOSE-BUILT APPLIANCE | FEED, CUSTOMIZED CONTENT |
| includes fpga-accelerated hardware | |||
| full exegy managed services | |||
| Learn More | Learn More | Learn More |
Interested in learning more about our FPGA-based Feed Handler?
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