ST. LOUIS, Feb. 29, 2016 /PRNewswire/ -- Exegy Inc., a leading provider of managed services and low-latency technology for market data normalization and distribution, has announced today the availability of Edge Cache distribution appliances that extend the reach of its Data Tone service to remote data centers. The introduction allows a single copy of a customized market data feed to be reliably delivered to a corporate or proximity data center and locally distributed to hundreds of applications. These local applications retain the ability to subscribe to real-time data on a per instrument basis and to select from a rich set of normalized and enriched data views. "Edge Cache appliances have become valuable tools in maximizing the total cost of ownership benefits of Exegy enterprise market data systems. When real-time market data is required in a remote data center, we can eliminate the costs incurred by backhauling multiple copies of raw market data feeds and instantiating additional data normalization infrastructure," says chief technology officer David Taylor. "By offering Edge Cache appliances as a part of our Data Tone service, we are able to deliver these same TCO benefits to a broader range of financial services firms by providing a lower cost entry point," adds Taylor.
The Exegy Data Tone service delivers customized real-time market data feeds that are sourced from direct exchange feeds for major equities, options, and commodities markets in the United States. The service provides cost-effective access to the same hardware-accelerated appliance technology that Exegy deploys and manages for a diverse set of elite firms in the financial services industry. The Data Tone service also includes bundled market data and vendor of record services. Latency-sensitive users of the service may co-locate with the Data Tone infrastructure in the Equinix NY4 data center in Secaucus, New Jersey. "We recently completed the migration of the Data Tone infrastructure to our fourth-generation hardware-accelerated appliance technology," says Taylor. "We have received great feedback from our Data Tone customers who now are reaping the capacity, performance, and feature benefits of our latest appliance and API products," adds Taylor.
Edge Cache appliances were introduced as the scalable distribution components of Exegy's enterprise-class Market Data System product. Each appliance delivers subscribed-to updates to applications that use the Exegy Client API (XCAPI) to access normalized views of real-time market data on a per-instrument basis. The standard TCP/IP protocol is used to provide reliable point-to-point delivery to every application. Exegy extended the capabilities of Edge Cache appliances to utilize TCP/IP as its upstream connection to an Exegy Market Data System, allowing them to be provisioned in remote data centers without access to raw market data feeds. The ability to centrally manage entitlements for user authentication and data authorizations is retained. This includes central management using the Exegy Entitlement Hub appliance to integrate with third-party entitlement systems such as Thomson Reuters DACS. "Remote Edge Caches have been leveraged by our enterprise customers to efficiently distribute normalized market data between their London and New York data centers. It was a logical extension to offer this proven technology to users of our Data Tone service to enhance its value in the marketplace," says vice-president of field services Brian Lampkin. "A major customer of the Data Tone service is using a remote Edge Cache in production today, and we expect the value proposition to be very attractive to many more," adds Lampkin.
About Exegy, Inc.
Exegy provides best-of-breed technology and managed services for the normalization and distribution of real-time market data to a diverse set of élite firms in the financial services industry. Today Exegy serves as a strategic partner to leading exchanges, market makers, sell-side banks, buy-side asset managers, and proprietary traders. At the heart of Exegy's product line are purpose-built, hardware-accelerated appliances derived from an extensive portfolio of patented and patent-pending technology. For more information, please visit www.exegy.com and follow Exegy on LinkedIn and Twitter @ExegyMarketData.
SOURCE Exegy Inc.