Exegy, a provider of market data and trading technology for capital markets, this week announced that a major investment bank has signed a multi-year agreement to deploy Exegy Nexus, the company’s FPGA-powered market-data appliance designed for ultra-low-latency trading environments.
The bank will use Exegy Nexus to process all direct and SIP feeds for U.S. equities for its market-making operations, delivering nanosecond-class performance with deterministic behavior under load. The Nexus 2U appliance will augment the firm’s existing estate of Exegy nxAccess FPGA trading platforms that provide sub-300 nanoseconds tick-to-trade latency. The expanded environment will leverage the Nexus appliance’s embedded Layer 1 switch to forward raw and normalized data directly to trading and execution systems with ultra-low latency, including FPGA-based network interface cards (NICs).
“Firms across the industry are looking for ways to simplify the deployment of high-performance infrastructure without sacrificing latency,” said Laurent de Barry, CPO at Exegy. “Nexus delivers a complete and compact FPGA-based platform that streamlines large-scale latency-critical applications today and lays the foundation for other business units to access the same high-speed data infrastructure in the future. In the long term, it’s about scaling performance across the enterprise, not just one trading desk.”
Exegy Nexus combines FPGA performance, intelligent software control, and embedded switching technology within a single system. This integrated design simplifies configuration, accelerates deployment, and enables efficient scaling while achieving optimal latency performance. Delivered as a fully managed solution, Nexus is backed by Exegy’s global team of experts that provide 24×7 monitoring and operational support, exchange-driven change management, proactive estate management, and access to ongoing performance optimization.
“By adopting Nexus, the bank joins a growing number of financial institutions modernizing their trading infrastructure with FPGA-powered, software-flexible solutions that efficiently scale without compromising speed,” said de Barry. “As a managed solution, Nexus allows us to actively support clients in day-to-day operations while extending its benefits far beyond market making. From institutional brokerage algos to smart order routers and even trading-venue matching engines, Nexus addresses common challenges facing firms across the industry. It represents the next generation of performance infrastructure for the entire electronic trading ecosystem.”
