Exegy Expands Support for Foreign Exchange with Six New Data Sources

Market data provider, Exegy, has announced that it has expanded its coverage of the FX industry with the addition of six new feed handlers. Getting added are connections to BAML, Credit Suisse, Goldman Sachs, JP Morgan, Nomura, and RBS, with the firm currently supporting over 200 FX feed handlers from banks and ECNs.

According to Exegy, adding data from the six banks was initiated as the firm has seen an increase in usage of its products for currency trading. Providing market data solutions, Exegy markets to exchanges, Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term funds, Market Makers Market Makers Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Market makers or called dealing desk brokers represent a type of broker that internalize flows and are taking the opposite side of a transaction submitted by their clients. The market making broker is only quoting a feed of prices to its clients. These feeds may or may not be the exact same as the prices quoted on the interbank market.Any order a client enters is processed internally and never goes out to the market, except in rare cases where a market making brokerage identifies a client as a v Read this Term, traders and banks who use their products to both normalize received data and distribute pricing. Along with the current expansion of available FX feed handlers, Exegy explained that it periodically adds available data sources based on customer demand.

Commenting about the growth of their FX business, VP of Sales Steve Hughes stated in the firm’s public remarks that “As the currency markets continue their electronic evolution, the same incentives and challenges that developed in the equity and options markets are driving market participants to seek out faster, more capable, and more efficient market data platforms”.