Software Market Data System
Exegy’s Software Market Data System (SMDS) enables access to actionable, time-sensitive market data events through a single API designed to power critical trading applications while reducing total cost of ownership.
Ultra-Low Latency, Fast Time-to-Market
Exegy’s Software Market Data System is a feed handling solution providing ultra-low latency, normalized 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, and unified 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 Software Market Data System.
Other key features include: vendor-neutral entitlements control and reporting system for audit compliance, cost controls to help reduce market data expenditure, line arbitration, and support for native recovery mechanisms to ensure full feed resiliency.
Use Cases
Key Features
Compare our real-time solutions.
| Features | Software Market Data System (SMDS) | 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 |
Feature offered Feature offered in part or optionally Feature not availableGetting Started
Our team tailors a solution to your firm’s needs.
Related Resources
Exegy Innovates with Intelligent Market Data
Exegy spoke with Markets Media about Signum intelligent market data, which uses prediction and analytics to enhance real-time market data.
Exegy Named as Top Innovator in Inaugural NOVA Awards
Exegy was named one of 40 top innovators in the capital markets technology space at the inaugural TabbFORUM Nova Awards.
On-Premise Market Data Still Has a Key Role
Despite continuing excitement about cloud delivery of market data, there is still a key role for on-premise solutions in the capital markets.