Exegy Announces First-ever Overnight BBO Feed for After-hours Trading Venues
New York, St. Louis – February 4, 2026 – Exegy, a leading provider of market data, trading technology, and managed services for the capital markets, today announces that it will uniquely offer the first-ever overnight consolidated feed, comprising of all…
Market Data Capacity Report 2025
Axiom is Exegy’s fully managed market data-as-a-service platform, built for robust, reliable, and resilient delivery. During a major volatility window in April 2025—when OPRA capacity and North American equities traffic…
What MOON ATS Is Revealing About the Future of Overnight Trading
Market participants have long viewed overnight trading as the future state for global equities. After years of struggling to gain traction, the narrative began to shift over the last year.…
2026 State of Trading Infrastructure
How Structural Shifts Are Redefining Market Data and Trading Infrastructure at Quantitative Firms Extended trading hours, compounding market structure changes, and increasingly bursty market data are expanding both the scope…
Why U.S. Equities Are Moving Toward a Continuous Market
U.S. equities were built around a daily reset: markets close, information accumulates, and price discovery resumes at the open. That rhythm is breaking. News, risk, and investor participation are global—and…
Exegy Acquires NovaSparks Inc., Extending Its Leadership in Ultra-Low Latency Financial Market Data
The acquisition cements Exegy’s position as the premier provider of FPGA solutions for mission-critical electronic trading platforms NEW YORK, LONDON, PARIS, ST. LOUIS — January 14, 2026 —Exegy, a global…
What Is an ATS? Understanding Alternative Trading Systems
Equity trading no longer occurs in one place. While the traditional exchange-only centralized model is now a multi-venue marketplace, liquidity is dispersed across exchanges, dark pools, electronic communication networks (ECNs),…
The True Cost of Real-Time Market Data Infrastructure – Part 2
The Cost to Build and Maintain Market Data Processing Infrastructure Using FPGA Technology Field-programmable gate array (FPGA)-based market data processing delivers best-in-class performance for ultralow-latency trading environments. However, the engineering…
The True Cost of Real-Time Market Data Infrastructure – Part 1
A Cost and Resource Analysis on Building and Maintaining Market Data Processing Technology in Software In today’s capital markets, real-time market data processing is mission-critical for trading, risk management, and…
What is 24X? Inside the Exchange Powering 23/5 Trading
What Is 24X? Inside the Exchange Powering 23/5 Trading The October 14th launch of 24X National Exchange marks a defining moment in the evolution to 23/5 trading. As the first…