Exegy

Exegy is a technology company specializing in market data solutions, trading platforms, and predictive signals for the financial services industry. Founded in 2003, the company is headquartered in St. Louis, Missouri, with offices in New York, London, and Hong Kong. It commercialized hardware-accelerated computing technology developed at the School of Engineering at Washington University in St. Louis.
== History ==
Exegy was established to provide high-performance market data solutions to the financial industry. Over the years, the company has expanded its offerings through organic growth and strategic acquisitions.
=== Mergers and Acquisitions ===
==== Merger with Vela Trading Systems (2021) ====
In May 2021, Exegy announced a merger with Vela Trading Systems, a significant move that combined Exegy's hardware-acceleration technology with Vela's software-based execution and market data offerings. This merger brought together complementary product portfolios and expanded the company's global reach.
Vela Trading Systems' Previous Acquisitions
Prior to its merger with Exegy, Vela Trading Systems had made several acquisitions of its own:
* OptionsCity Software (2017): Vela acquired OptionsCity, a provider of electronic trading and market-making software.
* Object Trading (2017): Vela purchased Object Trading, a provider of direct market access (DMA) platforms.
* Ticker Plant assets from SR Labs (2017): Vela acquired certain assets related to SR Labs' ticker plant business.
=== Acquisition of Enyx (2022) ===
In June 2022, Exegy announced the acquisition of Enyx, a provider of FPGA-based, ultra-low latency technology and solutions for the financial markets. This acquisition further strengthened Exegy's position in hardware-acceleration and ultra-low latency solutions.
== Products and Services ==
Exegy offers a range of products and services, including:
* Market data feed handlers and ticker plants
* Trading platforms and execution gateways
* Predictive signals and analytics
* Hardware-accelerated solutions
* Managed services for market data and trading infrastructure
== Notable Achievements and Partnerships ==
In 2024, Exegy partnered with OneChronos, a US equities ATS, to deliver real-time market data, demonstrating a commitment to expanding market access. Exegy was also recognized as one of the top 40 innovators in the capital markets technology space at the inaugural TabbFORUM Nova Awards. The company further integrated with the Symphony platform to provide iceberg order insights via the Signum Bot messaging bot. 
Exegy's FPGA-powered feed handler was honored as the "Best High Performance Data Feed Handler" at the TradingTech Insight Awards Europe 2023. 
Additionally, Aquis Exchange PLC selected Exegy's Axiom consolidated feed for its UK and EU venues, and Exegy partnered with Bookmap to launch OmniFeed, offering real-time depth-of-book market data for US futures and equities. Exegy’s direct market data feed solution won the award for "Best Low Latency Data Feed – Direct" at the TradingTech Insight USA Awards 2022, setting a new benchmark for trade execution latency of 13.9 nanoseconds in partnership with AMD. 
The company also enhanced its iceberg order detection tool with intraday data and appointed industry veteran Brian Pomraning as Chief Revenue Officer to accelerate growth. 
Exegy introduced a purpose-built solution for FIX processing with FPGA, significantly improving performance, and partnered with BMLL for historical data and analytics. 
The company launched a next-gen ticker plant to handle rising market data volumes and volatility, and was named a finalist at the HFM US Awards for services to US hedge funds. 
Exegy added Deribit, the world’s largest crypto options exchange, to its Metro professional trading platform, and its FPGA-based nxAccess trading engine was named "Best Market Making Platform" at the TradingTech Insight Awards USA 2023. 
Also, Exegy's integration of the Metro trading platform and nxAccess trading engine won the 2023 Markets Choice Award for Best New Product.
== Key People ==
*David Taylor, D.Sc. - CEO
*Peter Feret - CFO/COO
*Arnaud Derasse - CTO
*Brian Pomraning - CRO
*Jason White - CIO
*Pam Haaser - SVP, People
*Chris Codelli - VP, Revenue Operations
== References ==
Category:Independent Software Vendors