DRC and Exegy Announce Joint Development Agreement


Exegy selects DRC Computer Corporation for Reconfigurable Coprocessing Project

ST. LOUIS, June 4 / -- Exegy Inc., a data search, analysis, processing and storage company, and DRC Computer Corporation, a leading provider of dynamically reconfigurable coprocessor modules, today announce the signing of a joint development agreement to deploy a new coprocessor module in certain Exegy appliances for use in the financial markets.

Exegy makes a hardware-accelerated ticker plant for the electronic trading community with a throughput of 2,000,000 exchange messages per second at less than 100 microseconds of latency in a single 3u appliance. The Exegy Ticker Plant also allows users to migrate critical analytical calculations to the ticker plant for the purpose of accelerating those calculations across the reconfigurable hardware while utilizing very low latency market data. These features are increasingly important as market data rates explode and the competition to provide or use the market's liquidity intensifies.

DRC makes a dynamically reconfigurable coprocessor module, the DRC Reconfigurable Processor Unit (RPU(TM)) that plugs into a standard multi-processor AMD Opteron(TM) system. The RPU provides direct access to adjacent DDR memory and Opteron processors at HyperTransport(TM) speed and nanosecond latency. This tight coupling of CPU and RPU allows substantial performance improvement while lowering power and heat requirements.

The Exegy ticker plant currently uses an Exegy built dynamically reconfigurable coprocessor module that plugs into a standard PCI-X bus. The addition of the DRC coprocessor module will allow Exegy to deliver a best-in-class solution utilizing both coprocessors and the native Opteron(TM) processors.

"We believe that Exegy has designed a state-of-the-art solution enabling a new opportunity to trade ETFs intelligently - never before possible because microprocessors were unable to perform quickly enough to meet time frames faced by electronic traders of financial instruments. The Exegy Ticker Plant and ETF pricing module demonstrate the capabilities of well-crafted applications and the massively parallel processing power of FPGAs successfully integrated," says Larry Laurich, President and CEO of DRC.

"We see great benefits from incorporating DRC's technology into the Exegy Ticker Plant. The DRC coprocessor module allows us to design solutions using a powerful array of fixed and reconfigurable processors tightly integrated with memory that offer the electronic trading community unprecedented capacity and functionality with record low levels of latency in a single appliance," says Jim O'Donnell, President and CEO of Exegy. "Our first project with DRC will change the way high frequency, electronic traders use market data for index and basket arbitrage."

About DRC

DRC is the leading provider of coprocessor systems that plug directly into a systems processor socket to solve compute-intensive problems and accelerate high-performance applications. Coprocessor bandwidth and latency bottlenecks are all but eliminated. The company's RPU and development systems also solve the high-performance computing industry's growing physical limitations of heat, clock speed, and density. More information about DRC is available at http://www.drccomputer.com/

About Exegy

Exegy provides the power to process data at extreme speeds, producing valuable insight faster than ever before. Because Exegy's appliances are based on hardware acceleration, more knowledge can be delivered faster without increasing operating costs, space requirements or management time. For more information, visit www.exegy.com.

Source: Exegy Inc.

CONTACT: Clay Marr, DRC, +1-408-884-3888, clay@drccomputer.com, Rod Arbaugh, Exegy, +1-314-218-3633, sales@exegy.com

Web site: www.exegy.com/
http://www.drccomputer.com/

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