Financial services firms operating in the liquid FX markets will benefit from a number of new feed handlers provided by Exegy. The new feeds will add to the firm’s current two hundred range of markets.
Exegy’s product extension of data feed handlers will add leading FX firms to its product suite, the new list includes institutional players such as, Cantor Fitzgerald StreamFX, FX All Active Trading, ICAP EBS Ai, Integral FX Inside, LMAX InterBank and LMAX Professional feeds. The new feeds have been included as client demand for an extensive range of currencies data continues.
Steve Hughes, Vice President of Sales at Exegy, commented about the new offering: “The breadth of foreign exchange venues in our portfolio reflects the maturity of our offering and our growing customer base in the currency markets.”
Exegy, based in St Louis Missouri, offers firms a wide range of data related products. Market data is a key component for firms trading in global financial markets, with prices moving by the micro seconds, firms need access to clean and up-to-date information in real-time, a trend that has grown since participants are taking heed of algorithmic and automated trading solutions.
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Mr Hughes added: “In the FX space, we are seeing the virtuous circle of our Managed Service that continuously delivers added value to existing customers and attracts new business as the product broadens and matures.”
The diverse offering will enable participating firms to overcome the issues in the margin FX space, from liquidity mirage to rejected orders due to delayed data. The feed handlers from Exegy’s expansive portfolio may be deployed on Exegy hardware accelerated appliances or the Exegy Trading Application Platform (TAP), an embedded software ticker plant product, used with the Exegy Client API (XCAPI) which allows applications to subscribe to normalized market data views on a per instrument basis. It also enables applications to subscribe to composite depth-of-market views across a user-specified set of markets.
The firm’s announced expansion of its foreign exchange feed handler portfolio broadens the composite views of the currency markets that Exegy is able to provide. Mr. Hughes concluded: “The speed, breadth, and flexibility of our user-defined composite capabilities are particularly relevant to market participants looking for tools to navigate the liquidity mirage that often exists in the currency markets.”
Among its offerings, Exegy’s single Exegy Ticker Plant provides users with real-time information for a number of US financial trading venues, users gain access to minute-by-minute accounts of the aggregated volume of market data from across the exchanges.