Accounting and Financial Software
Exegy and HyperFeed to Unveil Exelerate TP at SIA Conference
Exelerate TP is first innovative product to come from merger
ST. LOUIS and CHICAGO, June 20 / Exegy, Inc., the innovative technology company, announced today that it will unveil Exelerate TP, a new ticker plant solution that produces unrivaled performance because of its revolutionary, new compute platform.
Exelerate TP is the first of many revolutionary products planned as a result of this week's merger of St. Louis-based Exegy and Chicago-based HyperFeed Technologies.
What makes Exelerate TP revolutionary?
o Building on a new revolutionary compute platform, Exelerate TP is the first-ever high performance ticker plant with a sustained throughput of more than 1,000,000 exchange messages per second at less than 150 micro seconds of latency in a single 3U appliance.
o Exegy's unique and rapidly configurable hardware allows functionality to be added without reducing throughput or increasing latency. As trading professionals know, traditional software-based ticker plants -- the only other option available until now -- sacrifice functionality for lower latency.
o The result is a faster trading cycle, a key competitive advantage for those who choose Exelerate TP.
"Exelerate TP is able to provide record-breaking throughput and latency -- even while adding complex functionality -- because it's built on a revolutionary, new compute platform based on reconfigurable hardware, not traditional ticker plant software," said James V. O'Donnell, Exegy's CEO. O'Donnell will become chairman of Exegy upon consummation of the merger.
Exegy is able to introduce this innovative product that not only optimizes performance but is open to all sources of data because of its merger with HyperFeed Technologies. The merger allows Exelerate TP's new compute platform to leverage HyperFeed's High Performance Center, a global, fully-managed financial content distribution utility that is open to direct exchange feeds, consolidated feeds and third party market data providers.
"By combining our technologies, we provide the functionality customers need to make quicker business decisions, giving them a critical competitive advantage," says O'Donnell. "The Exelerate platform allows additional important functionality, such as VWAP, without any impact on latency. We offer complex functionality and speed in one compact solution."
"Software-only solutions can't meet the financial industry's throughput and reduced latency requirements," explains Paul Pluschkell, HyperFeed's CEO. Upon consummation of the merger, Pluschkell will become President and CEO of Exegy.
"Software can't process, add value and integrate with trading applications at the required data rates," says Pluschkell. "Exelerate TP offers customers significantly reduced latency throughout the trade cycle, not just through the quote."
HyperFeed and Exegy combine both experience and innovation. With more than 25 years in the financial market space, HyperFeed's experience enables firms to gain direct access to a wide range of market data, data distribution and benchmarking tools. Exegy offers technological innovation with a reconfigurable hardware platform that processes feed data at the hardware level taking the burden off the software and central processor. The merged company enables a combination of technologies that accelerate both analysis and data throughput.
In addition, Exegy's new compute platform not only speeds up real-time data processing and caching, it allows hardware to be reconfigured in real- time so calculations and functionality can be updated on the fly.
No other ticker plant can offer cleansed and enriched exchange data while maintaining micro-second latency.
"The financial community no longer has to choose between low latency and high functionality to maintain a competitive advantage," explains O'Donnell. "Exelerate TP is the first solution to offer both."
Pricing & Availability
Exelerate TP will be offered to existing HyperFeed customers this summer through an early access program. Wider availability will begin this fall.
Demonstrations of the new Exelerate product are available at Booth # 1704 on exhibit level 1, Booth 3114 on exhibit level 2, or through a private meeting with Exegy's senior management.
For more information, or to schedule a demonstration, contact Exegy at 314-450-5353 or 800-225-5657 or visit exegy.com/info.
Exegy, Inc., is an innovative information technology company with headquarters in St. Louis, Missouri. Exegy offers technological innovation through a revolutionary new compute platform that processes data through reconfigurable hardware, taking the burden off the software and central processor. The Exegy appliances search, transform, filter and analyze massive data stores and high-volume real-time data feeds at speeds not seen before.
Exegy delivers solutions that allow customers to do more, faster.
HyperFeed Technologies, Inc., formerly a PICO company, brings to Exegy the delivery of its Exchange Grade Technology(TM) from the data source to the desktop through its High Performance Center, a global, highly-distributed, fully-managed financial content distribution utility that is open to direct exchange feeds, consolidated feeds and third party market data providers -- all delivered with ultra-low latency. HyperFeed's products and services are designed to be open -- open to all sources of data, open to customers who require technical access to customize code and applications, and open to the financial community to share and create new standards for trading technology. This inherent flexibility helps to reduce overall cost, and gives trading professionals, exchanges, and market data providers the power to create and deploy fast, flexible, and smart utilities to power their businesses and reach their customers.
Source: Exegy, Inc.
CONTACT: Christopher Fine, Marketing Communications Manager, Exegy, Inc.,
+1-314-450-5324, Mobile: +1-314-322-4816, Fax: +1-314-450-5354,
cfine@exegy.com
Web site: http://exegy.com/info
