Two capital markets tech firms combine to offer banks a lower-risk exit from legacy market data systems.

Exegy, a leading provider of market data, trading technology, and managed services for the capital markets, today announced a double victory at the annual IMD & IRD Awards hosted by WatersTechnology. Exegy was named Best Low-Latency Data or Technology Provider of the Year, while ExegyNexus™ received top honors for Best Real-Time Market Data Initiative. The IMD & IRD Awards recognize exceptional market, reference, and alternative data technologies. Panel judges evaluated nominated platforms on the efficiency, reliability, and delivery quality of ultra-low-latency market data across global financial institutions. “These awards validate the relentless work our teams put in across the full market data performance spectrum—from flexible software and managed services to ultra-low-latency FPGA technology,” said David Taylor, CEO of Exegy. “Our priority remains solving critical infrastructure and operational challenges for our clients, and these recognitions reinforce our commitment to raising the bar for how real-time market data is processed, managed, and delivered.” Following the strategic integration of Vela and Enyx, Exegy unified three specialized firms—combining Vela’s enterprise software expertise, Exegy’s managed services, and Enyx’s FPGA hardware innovation. Under one company, Exegy delivers a comprehensive suite of market data solutions ranging from normalized data feeds-as-a-service to purpose-built hardware infrastructure, supporting latency requirements from sub-millisecond down to sub-microsecond across more than 300 global feeds. A key result of this combined capability is ExegyNexus™, an FPGA-powered real-time market data platform delivering ultra-low-latency performance with unified access in a fully managed appliance. Developed alongside leading market makers, agency brokerages, and global banks, Nexus directly addresses core production bottlenecks including server rack constraints, rising energy costs, and duplicate system overhead. Through its specialized NexusNIC, Nexus makes high-throughput FPGA market data usable by standard applications without requiring custom software re-engineering. To learn more about ExegyNexus™ and Exegy’s award-winning market data solutions, visit exegy.com or schedule a consultation with an Exegy specialist.

Two market data specialists are offering banks and trading firms an incremental escape route from ageing, vendor-locked data infrastructure.

Exegy research finds market participants are facing competitive constraints in the form of an infrastructure tax.

EuroCTP’s real-time multicast FIX SBE feed, the EU’s first real-time pre- and post-trade Consolidated Tape for shares and ETFs, will be available through the Exegy Ticker Plant (XTP) appliances and Axiom consolidated market data feed when EuroCTP goes live on September 14th. Building on its strategic technology partnership with EuroCTP that was initiated in 2024, Exegy now serves as a redistribution partner for the real-time EuroCTP feed that includes the European Best Bid and Offer (EBBO) computed by Exegy’s market data technology platform. The same underlying technology powers Exegy’s Ticker Plant and appliance and Axiom market data-as-a-service solutions, which provide access to real-time market data from more than 300 venues worldwide. Exegy’s platform delivers a unified way to consume normalized data in multiple trading environments, allowing clients to gain transparency and price discovery for global multi-asset strategies. The addition of the EuroCTP real-time market data feed, including the EBBO, adds consolidated trading activity from roughly 130 European trading venues and reporting platforms. Arnaud Derasse, CTO of Exegy, said: “Our mission is to help capital markets participants navigate the financial landscape with more efficiency and transparency. From enabling the technology layer of the EBBO with our FPGA-accelerated Ticker Plant, to giving immediate access to new data feeds to clients, we are continually focusing on what the market needs. Axiom enables firms to take full advantage of their trading strategies without requiring an internal rebuild to access the EuroCTP tape, helping reduce onboarding time, costs, and operational complexity.” The EuroCTP real-time multicast FIX SBE feed will be available on Axiom as soon as the tape goes live in September. Through Axiom, firms will be able to access the European consolidated tape with no additional operational overhead. This helps firm future proof their market access and gain streamlined access to accurate, timely European market data.

Exegy, a leading provider of market data, trading technology, and managed services for the capital markets, is proud to announce today that Exegy Nexus™, a purpose-built FPGA-powered market data platform, has been named this year’s ‘Best Trading Technology Stack’ at the TradingTech Insight Awards USA 2026.  Exegy Nexus combines ultra-low-latency performance with unified access and infrastructure in a fully managed appliance. Developed with input from leading market makers, agency brokers, and global banks, Nexus addresses challenges firms face today, including rising market data volumes, limited rack space in data centers, higher power usage, and the operational load of managing fragmented systems. By centralizing feed handling and market data processing in FPGA hardware before it reaches downstream applications, Nexus reduces infrastructure sprawl, lowers compute requirements, and simplifies operations while delivering deterministic performance at scale. “Trading firms are under real pressure to handle more market data at higher speeds, while keeping infrastructure, power usage and operational complexity under control,” said Laurent de Barry, Chief Technology Officer at Exegy. “Nexus was built to help firms address that challenge. By moving the most demanding processing into FPGA hardware, we can deliver the low latency, determinism and scalability clients need, while helping them simplify their architecture.” Delivered as a fully managed solution, Nexus is supported by Exegy’s global team of experts, providing 24×7 monitoring and operational support. This enables firms to scale performance without adding operational burden, while reducing infrastructure sprawl across mission-critical market data environments. The TradingTech Insight Awards USA recognize leading trading solutions and services across the capital markets. Winners are selected with input from industry participants, reflecting the technologies and providers helping firms improve performance, efficiency and resilience across the trading lifecycle.

Exegy, a leading provider of market data, trading technology, and managed services for the capital markets, today announced the expansion of Axiom, its high-performance, real-time consolidated market data feed. Axiom now includes coverage of key Middle Eastern exchanges, including.  Saudi Arabia (TASI), Qatar (QSE), Kuwait (KSE), Abu Dhabi (ADX), and Dubai (DFM) available via Exegy’s London Points of Presence (PoP) in both Equinix’s LD4 and Digital Realty’s LON2 data centers.   These additions further extend client’s access to global, low latency normalized market data via API delivery and Exegy’s existing Middle East and Africa regional coverage, including the Johannesburg Stock Exchange (JSE), Tel Aviv Stock Exchange (TASE), and Borsa Istanbul (ISE).  All exchanges are accessible through XCAPI or MAMA APIs.   “With the growing need to always access more asset classes and geographies, firms are relying more than ever on third parties to bring fragmented market data where they have their operations. The need for quality Middle East market data back to be available in London is a priority for our clients,” said Arnaud Derasse, CTO of Exegy. He continues, “The need for transparency in the way the data is being delivered, the quality of the technology stack and the latency of such market data is more important than ever as firms need to focus on execution and trading strategies, while relying on Exegy’s robust, low-latency market data as the bedrock of their trading platforms.”  Axiom delivers a scalable market data system designed to support the evolving needs of modern trading environments, combining performance with customizable deployment and 24/7 support. Key benefits include:  * Flexible connection: Direct connection from Exegy’s data centers via cross-connect to the client’s colocation or premises, or directly into public cloud platforms.  * Global, normalized coverage: providing access to 300+ global venues with consistent access to equities, indices, derivatives, and digital assets, with all data normalized across quotes, trades, orders, and trading conditions through a unified model  * Low-latency, high-performance market data delivery: supporting both Level 1 (top of book) and full-depth order books, Axiom is optimized for real-time trading and latency-sensitive strategies  * Transparency: Axiom computes the latency of market data daily—from the venue to our systems, within our processing systems, through distribution layers, and up to your application—to provide unprecedented visibility into market data performance  * Global support service: 24/7, “follow-the-sun” support from Exegy hubs worldwide.  As institutional firms ramp up activity across international and regional markets, the need for consistent, real-time modern market data access without managing infrastructure overhead is becoming more prevalent. To address this, Axiom’s market-data-as-a-service model enables firms to access low latency market data through flexible deployment, including cloud and fully managed services, to reduce infrastructure complexity and accelerate time to market without sacrificing performance. 

Exegy, a leading provider of market data, trading technology, and managed services for the capital markets, is proud to announce today that Exegy Nexus™, a purpose-built FPGA-powered market data platform, together with nxAccess, its FPGA-based trading engine, has been named ‘Most Innovative Solution for Front-Office/Trading’ at the 2026 A-Team Innovation Awards. Delivering ultra-low latency performance with unified access and operational efficiency, the combined solution brings market data processing and execution into a single FPGA-accelerated workflow. Nexus preprocesses and distributes market data based on application needs, while nxAccess enables firms to act on that data directly in hardware—triggering and modifying orders with deterministic performance. Together, they eliminate the need for fragmented feed handlers and execution systems, reducing infrastructure footprint while accelerating the path from data to decision to execution. “We are seeing market participants under increasing pressure to deliver high performance while reducing infrastructure complexity, power consumption and cost, “said Laurent de Barry, CPO of Exegy. He continues: “This recognition reflects the industry’s shift toward unified, hardware-accelerated architectures that eliminate disjointed systems and enable firms to operate efficiently at scale, without compromising latency.”  At the center of this innovation is Exegy Nexus™, a purpose-built platform designed to centralize and streamline front-office market data infrastructure. Developed with early adopters across market making, agency brokerage, and global banking, Nexus replaces fragmented, server-heavy feed handler environments with a single, fully managed FPGA appliance. By processing data before distribution, it reduces downstream data volumes, lowers compute requirements, and simplifies system architecture. In one US broker deployment, replacing in-process feed handling across 200 servers reduced infrastructure requirements to just 157 servers, lowered API load to 18%, and generated $3.19 million in annual savings.   Complementing Nexus, nxAccess extends this architecture into execution. Its hardware-accelerated algorithm environment allows firms to preload orders, respond to market events, and trigger or modify orders directly in FPGA, eliminating software latency and ensuring consistent, deterministic performance under all market conditions. The A-Team Innovation Awards are overseen by an esteemed Advisory Board and the A-Team editorial team, with finalists and winners selected based on direct input from financial institutions and industry practitioners.

EuroCTP, the European initiative delivering the EU’s first real-time pre- and post-trade Consolidated Tape for shares and ETFs, has selected Exegy, the global leader in high-performance market data and trading technology, as its core technology partner. Under this collaboration, Exegy’s ticker plant technology will power the data normalization and consolidation engine of the platform, contributing to a robust and resilient consolidated tape.   Following its official selection by the European Securities and Markets Authority (ESMA) in late 2025, EuroCTP is building a unified, real-time view of trading activity across more than 130 European trading venues and reporting platforms. The service, designed by EuroCTP, is targeted for a July 2026 launch and will provide the official European best bid and offer (EBBO) as well as comprehensive access to European trade data, ultimately enhancing transparency and price discovery for all market participants.  Exegy’s solution will act as the market data engine for EuroCTP’s downstream applications, integrating with its website, data lake, and real-time data distribution infrastructure. The high-capacity, FPGA-accelerated Ticker Plant is designed to consume pre-trade and post-trade data from trading venues and APAs, then compute the EBBO, ensuring the highest level of accuracy and speed for market participants.  “Exegy is honoured to provide the state-of-the-art foundation for this transformative project,” said David Taylor, CEO of Exegy. “Building an Equities consolidated tape across the fragmented European landscape requires proven experience in mission-critical roles and technology that provides the necessary level of capacity and reliable performance. By delivering purpose-built FPGA appliances and providing a comprehensive 24/7, ‘Follow the Sun’ managed service model, we are helping EuroCTP create a robust, efficient, and future-proof platform that supports the next generation of growth in European capital markets.”  “Selecting Exegy as a strategic technology partner was a critical milestone in our mission to foster transparency and equal access to market data,” said Eglantine Desautel, CEO of EuroCTP. “EuroCTP is committed to delivering a consolidated tape that serves retail and institutional investors alike. Exegy’s proven track record, building on its history of powering the Canadian Equities Consolidated Tape and supporting a large number of industry participants with high industry standards and operational resilience, is crucial to delivering on our promise of a more integrated EU Single Market.”   Building on a collaboration initiated in 2024, including the successful development of a prototype consolidated data feed featuring the novel EBBO computation, EuroCTP and Exegy are working closely together as European trading and trade publication venues are onboarded ahead of the go-live later this year. 

Exegy, a leading provider of market data, trading technology, and managed services for the capital markets, today announced a significant performance enhancement to nxAccess, its FPGA-based trading engine. The update introduces the Session Override feature and expanded connectivity options, delivering an impressive 71% reduction in execution-stack latency to help firms capture every market opportunity. As electronic trading infrastructure grows increasingly complex, the ability to choose the optimal path to local and remote venues is a significant driver of execution performance. The latest evolution of nxAccess addresses this by giving firms the agility to bypass traditional hardware constraints and pivot to the fastest available session or network link at the moment of execution. “In today's fragmented markets, the fastest route at market open isn't necessarily the fastest at midday. Relying on static configurations creates 'latency leakage' that firms can no longer afford. nxAccess bridges this gap by turning connectivity into a dynamic asset rather than a hardware bottleneck," said Olivier Cousin, Director of Product, FPGA Solutions at Exegy. “This reduction allows firms to maintain deterministic performance even during high-burst volatility, ensuring orders are filled at intended prices." The centerpiece of this release is Session Override, a built-in capability of nxAccess that allows firms to monitor session performance in real-time. Because local exchange latency can fluctuate throughout the day, Session Override enables an algorithm to select the best-performing session the instant a trigger occurs. Key benefits and enhancements of the new nxAccess release include: * ‌Dramatic Latency Improvement: Achieves up to a 71% reduction in execution-stack latency, measured from Start-Of-Packet (SOP) to Start-Of-Packet (SOP) on the switch, ensuring deterministic performance for the most demanding environments. * ‌Dynamic Session Optimization: The new Session Override feature allows firms to use their own software to measure session performance in real-time and automatically pivot to the fastest available path without the need for hardware re-coding. * ‌Expanded Connectivity for Premium Links: Beyond standard TCP, nxAccess now supports UDP-based multicast and raw Ethernet frame transmission “out of the box”, allowing firms to leverage ultra-low latency wireless and private links immediately. * ‌Accelerated Time-to-Production: As an off-the-shelf FPGA platform, nxAccess combines the raw speed of hardware with the flexibility of software, allowing firms to deploy these performance improvements without the long development cycles typical of custom FPGA builds. nxAccess is Exegy’s premier FPGA-based trading engine, designed to load order templates via software while using hardware-level logic to trigger, update, and transmit orders with nanosecond precision.

Exegy CEO David Taylor told John Lothian News at the FIA Boca conference in Boca Raton that successful AI trading depends more on high‑quality data and production‑grade infrastructure than algorithms ...

Exegy, the capital markets platform that links elite trading firms to the global venues where they transact, and Strands, the premier multi-asset execution and tokenization infrastructure provider, today announced the inclusion of real-time data from the Strands digital asset platform into the Exegy Axiom consolidated feed service. The partnership enables a new generation of multi-asset trading strategies that bridge traditional assets traded on regulated markets with digital assets and prediction markets traded in the emerging ecosystem of centralized and distributed venues. Leveraging decades of experience from proprietary trading of listed derivatives, Strands has built an institutional-grade platform for digital market access built on proprietary transactional gateways and Web3 rails. Integrating with the Exegy Axiom consolidated feed allows real-time pricing information from prediction and digital asset venues to be distributed alongside global equities, exchange-traded funds, commodities, and listed derivatives. In addition to powering new trading opportunities, the expanded Axiom service reduces the development and maintenance burdens faced by institutions as they evaluate and expand digital and tokenized assets data alongside traditional market data workflows. Comprehensive coverage beyond spot crypto "Strands was engineered to seamlessly merge traditional institutional finance and the digital asset ecosystem into one unified system," said Tim Gorham, CEO of Strands. "Exegy has created by far the most innovative and capable capital markets technology in existence today. They are trusted by every meaningful elite institutional player. Our partnership brings to market the most comprehensive prediction and digital asset data offering ever created." The partnership extends well beyond basic crypto spot data to include the full spectrum of trade, volume, and smart contract information across digital asset and prediction instruments, including but not limited to: * Prediction Markets: Event contracts with the highest volume and the most liquidity from venues such as Kalshi and Polymarket * Complete Spot Ecosystem: Major tokens at first and then a broad inclusion of Altcoins determined by volume * Derivatives: Dated futures, perpetual futures, and options * Rates: Real-time lending rate data and perpetual funding rates The partnership provides an unparalleled breadth of view by integrating both Centralized Exchanges (CEX) and Decentralized Finance (DeFi) venues. Initial launch coverage will include a first set of venues, with additional venues rolling out later in the year. Initial Launch Coverage * CEX: Coinbase, Binance, Bybit, and OKX * DeFi: HyperLiquid, Derive, Aster, Lighter, and Ethereal Expansion Roadmap * CEX: Kraken, KuCoin, Crypto.com, and more * Prediction Markets: Kalshi and Polymarket Lending: Aave, Morpho, and Fluid Built for mission-critical stability and performance Powered by Exegy’s purpose-built market data appliance technology, Axiom is a managed market data service that delivers institutional-grade reliability and consistent performance. Bundled market data access, vendor of record services, and continuous monitoring by a global team of experts reduce infrastructure and operating complexity and costs for clients. “Top-tier retail and institutional brokers, asset managers, and exchanges have chosen Axiom for its differentiated reliability and performance. Our partnership with Strands adds differentiated data for our institutional clients that are ready to explore or embrace a diverse range of prediction markets and digital assets,” said David Taylor, CEO of Exegy. Exegy and Strands will begin delivering the initial set of digital asset content via Axiom in May 2026. Representatives from both firms will be at FIA BOCA (March 8–11, 2026) to discuss the partnership and the future of unified financial market data.

Today Exegy announces the first ever overnight BBO feed for after hours trading allowing our clients to fill in gaps created by 24/5 trading.

Feed will consolidate data from the Blue Ocean, Bruce, and MOON alternative trading systems.

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 three after hours Alternative Trading Systems (ATS). This will allow clients to easily perform best price discovery, filling a structural gap in overnight markets. Axiom will also offer market data access to these ATSs with connectivity currently in development and is expected to be delivered in Q1. The connection to Bruce ATS™, Blue Ocean ATS and MOON ATS will enable market participants to capture liquidity unavailable on traditional exchange feeds during after-hours markets. The Overnight Best Bid and Offer (OBBO) consolidated feed provided by Exegy, similar to a Securities Information Processor (SIP), will provide real-time information on the best price for a specific security instrument, eliminating the need for clients to calculate it themselves. Arnaud Derasse, CTO of Exegy, said: “As participants continue operating across time zones, we are seeing major interest towards extended or after-hours trading venues. The addition of these three ATSs, along with the Exegy live calculated OBBO, will enrich the consolidated market data our clients have access to via Axiom, providing them with a more complete market view with simplified overnight best price discovery.” As the market evolves from extended trading hours towards 24/5, the initiative to cover overnight ATSs ensures institutional investors’ infrastructure is equipped to take advantage of shifting liquidity in US equities. Exegy’s data-as-a-service solution, Axiom, currently offers connectivity to Blue Ocean ATS, by Blue Ocean Technologies. Bruce ATS™, which utilizes Nasdaq technology, and MOON ATS offered by OTC Markets will become available as Q1 progresses. “As trading moves toward a true 24/5 market, access to overnight liquidity is essential,” said Matt Fuchs, EVP, Market Data at OTC Markets Group. “With almost 15 years of building and operating ATSs, we’re thrilled to bring MOON ATS market data to Exegy’s Axiom, giving investors the tools to capture opportunities across US equities anytime, anywhere.” All three overnight venues will be available through Axiom via Exegy’s New York Point of Presence, with Top-of-Book (L1) or Depth-of-Book (L2) options. The OBBO service will be offered as a separate, standalone feed offering based on each of the three venues’ Top-of-Book feeds (L1). Expanding coverage to include overnight ATS venues in Exegy’s global market data offering is one of several ways Exegy continues to support its growth strategy and reinforce its commitment to proactively address market shifts and evolving client needs. Further expanding the offered coverage, in Q4 2025, Axiom integrated real-time, low-latency Canadian equity data via the TMX Information Processor (TMX IP), a TMX Datalinx product.

Exegy says the acquisition bolsters its position as a provider of FPGA solutions for electronic trading platforms.

Exegy has acquired NovaSparks, enhancing its market data solutions for electronic trading and solidifying its leadership in ultra-low latency technologies. Exegy aims to elevate performance for financial institutions globally.

Exegy has announced its acquisition of NovaSparks, enhancing its position in the ultra-low latency financial market data sector, benefiting customers worldwide.

Exegy has announced its acquisition of NovaSparks, enhancing its market data technology and service offerings in ultra-low latency solutions for trading platforms.

Exegy, a global leader in high-performance market data and trading technology, today announced it has acquired NovaSparks Inc. (NovaSparks), a provider of real-time market data normalization and distribution solutions, specializing in Field Programmable Gate Array (“FPGA”) enabled products. This strategic acquisition further strengthens Exegy’s ability to meet the most demanding speed and scale requirements of modern electronic trading platforms used by elite capital markets businesses. “We are thrilled to welcome the NovaSparks customers to Exegy. We have a strong track record of blending the strengths of talented teams and proven products to elevate the user experience and deliver greater value to our clients, and we are excited to continue this strategy with NovaSparks,” said David Taylor, CEO of Exegy, “Following our acquisitions of Vela Trading Systems and Enyx, the addition of NovaSparks is the latest milestone in our mission to be the leading capital markets technology provider, delivering nanosecond speeds, global scale, and broad market coverage.” NovaSparks clients immediately benefit from Exegy’s global scale and stability, as well as its managed services organization, which provides 24/7 follow-the-sun support and deployment management. This includes existing NovaSparks partnerships and integrations with third-party trading platforms. Luc Burgun, CEO of NovaSparks, added: “Joining forces with Exegy allows us to improve our innovation and customer support capabilities. Our clients will continue to receive the ultra-low latency performance they rely on, but now with the backing of Exegy’s global presence and services infrastructure.” Exegy is committed to maintaining existing NovaSparks products and investing to develop new solutions that combine the best performance and capabilities from both product and intellectual property portfolios.