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 funds, market makers, 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.
The Participants in Forex Trading and their Role in the MarketGo to article >>
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”.