ST. LOUIS, May 22, 2019 /PRNewswire/ -- Exegy Inc., the
leading provider of managed services and low-latency technology for
market data normalization and distribution, announced today that it
won multiple awards at the 17th annual Inside Market
Data (IMD) and Inside Reference Data Awards. In recognition of
Signum – a new real-time trading signals solution delivered as a
managed service – the awards included Best Real-Time Data
Initiative and Most Innovative Market Data Project. Hosted by
Waters Technology, the Awards dinner took place on the evening of
May 21st at Convene, Liberty Plaza in New
York.
![Exegy provides best-of-breed technology and managed services to elite firms in the financial services industry for low-latency market data normalization and distribution, market connectivity and price aggregation, and real-time trading signals. Today Exegy serves as a strategic partner to leading principal traders, agency brokers, Alternative Trading System (ATS) and dark pool operators, market makers, hedge funds, and asset managers. (PRNewsfoto/Exegy, Inc.) Exegy provides best-of-breed technology and managed services to elite firms in the financial services industry for low-latency market data normalization and distribution, market connectivity and price aggregation, and real-time trading signals. Today Exegy serves as a strategic partner to leading principal traders, agency brokers, Alternative Trading System (ATS) and dark pool operators, market makers, hedge funds, and asset managers. (PRNewsfoto/Exegy, Inc.)](https://mma.prnewswire.com/media/439673/exegy_Logo.jpg)
Signum delivers actionable signals in real-time and synchronous
with low-latency market data allowing trading applications to
identify more profitable trading opportunities, improve execution
quality and reduce operational risk. "Signum presents the fastest,
lowest cost opportunity to leverage machine learning technology to
enhance trading performance," said Exegy chairman and chief
executive officer James O'Donnell.
"Firms simply cannot develop equivalent signals faster or cheaper.
Signum represents the next generation in real-time electronic
trading technology and we're honored to have received this award
recognition," O'Donnell went on to say.
Leveraging Exegy's proven hardware-acceleration and managed
services expertise, Signum is the first "Signals-as-a-Service"
real-time alternative data offering driven by machine learning
technology. The current Signum portfolio of real-time signals
includes:
- Quote Fuse – predicts the duration (stability) of National Best
Bid and Offer (NBBO) prices
- Quote Vector – predicts the direction of the next NBBO price
changes
- Liquidity Lamp – identifies and tracks the presence of reserve
orders resting on exchange order books and indicates bursts of
execution activity
- Searchlight – estimates the size of reserve order volume
resting on exchange order books
With strong engagement from strategic customers, Exegy is
committed to expanding existing signal portfolios and applying them
to new asset classes such as derivatives and electronic
currencies.
As a fully-managed service solution, Signum provides on-demand
access, faster time to market and lower related costs than internal
development. Exegy delivers reports on signal performance to users
via a RESTful API or web portal. This provides firms with the
necessary transparency to effectively manage production
applications that utilize Signum signals. "We believe that AI
and machine-learning based signals are well on their way to wide
adoption by Tier 1 market participants. Like co-location,
direct feeds, and hardware-acceleration, real-time trading signals
will progress from being alpha generators to becoming table stakes
for any serious player in the electronic market," said Exegy chief
technology officer David
Taylor. "As we did with hardware-accelerated market
data solutions, we set out to be the first-moving vendor to deliver
real-time trading signals as a managed solution with a disruptive
commercial model. Our goal is to empower our customers to buy
a better front office technology foundation and to focus their
build efforts on proprietary innovations that differentiate them in
this relentlessly competitive marketplace," added Taylor.
About Exegy, Inc.
Exegy provides best-of-breed
technology and managed services to elite firms in the financial
services industry for low-latency market data normalization and
distribution, market connectivity and price aggregation, and
real-time trading signals. Today Exegy serves as a strategic
partner to leading principal traders, agency brokers, Alternative
Trading System (ATS) and dark pool operators, market makers, hedge
funds, and asset managers. 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.
Exegy promotes the design of robust electronic markets through its
MarketDataPeaks service that reports real-time market data
feed rates. For more information, please visit
www.exegy.com and follow Exegy on LinkedIn and Twitter
@ExegyMarketData.
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SOURCE Exegy, Inc.