Market data managed services and technology provider Exegy has launched a dedicated FX market data and order execution gateway dubbed Trade Port FX. The new product is offered as a fully-managed application that delivers enhanced network connectivity, lower operational costs, and reliable order entry to major FX venues.
Trade Port FX also provides ultra-low latency market data and timely pricing information that enable sell-side banks, buy-side fund managers, and multi-national corporations to excel in today’s currency markets via a single vendor.
The comprehensive solution combines market data from all required feed sources which are then transmitted via a cross-connection at the co-location data centers. The adjustable configuration settings help distribute full depth of book from all liquidity streams through sophisticated subscription options that deliver intelligent market data to the client’s trading application.
Exegy said its new product will help clients achieve faster, more deterministic performance and gain unique market insights while lowering operational costs including building, maintaining and managing trading infrastructure.
Commenting on the launch, Exegy’s CEO James O’Donnell said: “We view the macro environment in FX to be driving firms to managed technology solutions that we are well-positioned to deliver. Over the past ten years, we have refined our ability to provide fully managed solutions that are differentiated by their performance, functionality, ease-of-use, and quality of service.”
Karl Dundon, who leads the company’s plans to expand its FX offering, added: “Trade Port FX is simply the right technology and service model for the FX markets today. Exegy assembled a team with deep industry experience and unmatched technical prowess to deliver a transformative product to the marketplace. We have also been greatly aided by expert guidance and enthusiastic encouragement from our Tier 1 clients.”