Skip to main content

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

Download Product Sheet

FeaturesSoftware Feed HandlerExegy Ticker PlantAxiom
(Consolidated Feed)
Support for 200+ market data feedsIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offeredIcon - Hollow Checkmark Feature offered in part or optionally
support for global marketsIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offered
support for major asset classesIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offeredIcon - Hollow Checkmark Feature offered in part or optionally
universal exegy client apiIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offered
DEFINE SYMBOL LIST AND ALTERNATE SYMBOL MAPPINGSIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offered
Latency profileMICROSECONDSMICROSECONDSSUB-MILLISECOND
custom national best bid and offer calculationIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offeredIcon - Hollow Checkmark Feature offered in part or optionally
custom aggregated price book calculationIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offeredIcon - Hollow Checkmark Feature offered in part or optionally
custom basket net asset value calculationIcon - Checkmark solid red feature offered
Synchronous delivery of signum predictive analyticsIcon - Checkmark solid red feature offered
hot-hot redundant infrastructure Icon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offered
cloud deployment optionsIcon - Checkmark solid red feature offeredIcon - Checkmark solid red feature offered
deployment methodCLIENT-MANAGED SOFTWAREON-PREMISE, PURPOSE-BUILT APPLIANCEFEED, CUSTOMIZED CONTENT
includes fpga-accelerated hardwareIcon - Checkmark solid red feature offered
full exegy managed servicesIcon - Checkmark solid red feature offeredIcon - Hollow Checkmark Feature offered in part or optionally
Learn MoreLearn MoreLearn More
Icon - Checkmark solid red feature offeredFeature available Icon - Hollow Checkmark Feature offered in part or optionally Feature available optionally Feature not available

Interested in learning more about our FPGA-based Feed Handler?

Learn More

More About Exegy

Related Resources

Blog

Market Data Fragmentation and the 24/5 Trading Era

What’s Actually Changed Institutional trading isn’t expanding along one line anymore. New asset classes, new geographies, and 24/5 trading hours are all showing up at once. The result? Market data…

Read more
Image - Exegy Default
Press

Capital Markets Operational Agility More Important Than Scale in 2026 

New Exegy research shows that the convergence of expansion across asset classes, geographies, and trading hours is costing firms their competitive edge  New York, Chicago, London — August 18th, 2026 — New research from Exegy, a leading provider of…

Read more
the infrastrucutre tax of total market access
Whitepapers

The Infrastructure Tax of Total Market Access

When Everything Everywhere Becomes Unsustainable How Expanding Liquidity Is Reshaping Global Trading Infrastructure As trading expands across frontier markets, digital assets, 24/5 trading, and increasingly fragmented venues, firms face a…

Read more
View All Resources