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Exegy, Inc., the innovative technology company, announced today that it is introducing Exegy Ticker Plant 1.2 in response to requests from high frequency, low latency traders.
“Our financial customers gain a competitive advantage with a ticker plant that offers the fastest throughput and lowest latency,” says Scott Parsons, Exegy’s Chief Scientist. “So we continue to strive to deliver exactly what they want – and at the same time add critical functionality that puts them ahead.”
Exegy Ticker Plant 1.2 processes more than 2 million exchange messages per second and averages less than 100 microseconds end-to-end latency per message, in a single 19-inch 3U appliance. It supports a wide variety of domestic and international feeds, with a focus on the high volume, low latency feeds that are most in demand by the serious electronic trader.
The release of Exegy Ticker Plant 1.2 gives Exegy the opportunity to stay in the market leader position, offering the fastest processing and lowest latency in the market.
“This release marks a doubling of our throughput and 33% reduction in latency,” says Parsons. “’We have achieved these new levels of performance while extending the ability of the Exegy Ticker Plant 1.2 to provide traders with new capabilities previously unavailable from incumbent solutions on the market.”
The new functionality sets the groundwork for the simultaneous calculation of Net Asset Value (NAV) on 1,024 ETF’s or custom portfolios as the exchange data streams through the ticker plant. Access to this data in microseconds allows electronic traders to arbitrage the slight price discrepancies that occur throughout the day significantly faster than current systems where the data must traverse one or more network hops before similar calculations can be performed downstream.
In addition, the Exegy Ticker Plant 1.2 release offers a new infrastructure, allowing the deployment of multiple processing boards, each with up to three Xilinx reconfigurable co-processors and expanded memory.
The 1.2 release provides the platform for many new features to be included in the fall 2007 Exegy Ticker Plant 2.0 release. They include full depth of book and the ability to cache multiple asset classes in a single appliance, allowing the electronic trader to trade across markets and across asset classes with a full view of the consolidated book at market-leading throughput and latency.
Exegy, Inc., with headquarters in St. Louis, MO, provides extremely fast and flexible solutions to search, analyze and process massive amounts of real-time and historical data. For more information, please visit www.exegy.com.
