Exegy expands product portfolio following 2021 merger with Vela Trading

Rick Steves

Exegy offers a range of solutions, from market data to signals and analytics, to algos and automation, and execution.

Exegy has expanded its product portfolio to provide more comprehensive solutions across the capital markets ecosystem following its 2021 merger with Vela Trading Systems.

The provider of market data, predictive signals, trading platforms, and execution technology, backed by Marlin Equity Partners, has been focused on consolidating and enhancing its robust product suite under the Exegy brand.

Market data, signals and analytics, algos and automation, and execution

Exegy unveiled its new product portfolio, which is comprised of:

Market Data: Exegy’s new consolidated feed, Axiom, adds to the existing and patented hardware and software ticker plant offerings, providing high-quality market data access to firms of all sizes and strategies.

Signals and Analytics: Signum’s AI-driven Real-Time signals and Intraday and End-of-Day Summary Data offerings predict price movements and identify hidden liquidity that improve the performance of execution algorithms and alpha-seeking strategies.

Algos and Automation: For the demanding derivatives market, Exegy’s Metro automated trading platform is joined by the hardware-accelerated Xero Volatility Trading Engine (VTE) that delivers tick-to-trade latencies under 120 nanoseconds.

Execution: Exegy now offers a fully managed Direct Market Access (DMA) platform, as well as software execution order gateways designed to meet a range of latency requirements.

Craig Schachter, Chief Revenue Officer at Exegy, commented: “The company is committed to delivering end-to-end, high-performing solutions focused on enhancing performance and accelerating growth for Exegy’s customers. Exegy’s goal is to make innovative technologies available to more firms across the trading ecosystem in order to further our ambitions to unify and democratize capital markets.”

David Taylor, Co-President and Chief Technology Officer at Exegy, said: “Over the past 20 years we have demonstrated our commitment to relentless technology innovation and to premium user experiences that deliver all of the value of cutting-edge, disruptive technology without the high cost, time-to-market, and technical risk of building it yourself.

“Our robust capabilities in FPGA-based hardware acceleration and AI-powered predictive signals, combined with our expanded product portfolio following our merger with Vela, have enabled us to partner with our clients more comprehensively. We now have the ability to deliver more alpha opportunities, improve execution quality, and reduce operational risk with a holistic approach to their business goals and technology constraints.”

Since the merger with Vela Trading, Exegy strengthened its senior leadership team with a number of strategic market hires including Craig Schachter as Chief Revenue Officer and David Foster as Chief Financial Officer.

Read this next

Industry News

OKX to open office in Australia, starts rivalry with Kraken in Formula 1

“Our ambition is straightforward – to become the leading crypto platform in the world. We see Australia as an indispensable part of this strategy and a key growth market.”

Executive Moves

Freemarket taps Greg Sherwin as CTO of international payments and FX-focused fintech

“At Freemarket, we are focused on providing the best optimized cross-border payments and currency exchange service to our customers and Greg’s exceptional technology expertise will help us deliver even more for our customers and support their future growth and success.”

Digital Assets

Boerse Stuttgart Digital secures BaFin authorization for crypto custody

“This is the first time that an established market participant has been licensed to hold cryptocurrencies in custody without any acquisitions. This completes the unique infrastructure we offer: of all the traditional service providers operating in the European crypto market, we are now the only one-stop-shop that’s fully regulated by BaFin in Germany for brokerage, trading, and custody of digital assets. For banks, brokers, asset managers, and family offices, this makes us the infrastructure partner of choice.”

Executive Moves

Capital.com hires Simone Manni as Head of Marketing, Europe

“I am proud to join Capital.com, a dynamic, fast-growing FinTech company harnessing technology to disrupt traditional access to financial markets. My focus over the next few years will be to grow Capital.com’s market share across western Europe and to gain a stronger foothold in countries like Italy and Germany which boasts a mature and sophisticated trading community.”

Retail FX

Axi extends partnership deal with Manchester City

FX broker Axi, previously known as AxiTrader, has renewed its flagship sponsorship deal with soccer giant Manchester City.

Digital Assets

Russia delays digital ruble pilot to May

Russia has postponed its central bank digital currency (CBDC) pilot indefinitely, which was originally scheduled for April 1, as it awaits specific legislation to be voted before the “crypto ruble” trial.

Executive Moves

Scope Markets promotes James Hughes to head of marketing

Belize-based FX and CFDs brokerage Scope Markets has promoted James Hughes, who until recently was its head of brand, to take on an expanded role as the company’s global head of marketing.

Retail FX

Fraudsters clone Financial Commission’s website, two ex-members under suspicion

The Financial Commission, an industry-specific dispute resolution service that caters to the financial services industry, today announced that it believes a clone website has been impersonating its membership roster.

Retail FX

CMC Markets warns of operational challenges in Q1

CMC Markets PLC (LSE:CMCX) said in a trading update for the fiscal year 2023 that February and March posed a more challenging environment with lower equity volumes and a higher proportion of lower margin institutional trading activity.