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Article: New Ticker Plant Feature: Exclusivity: Exegy, on its own after a merger fell through, says limiting customer base will ensure low latency.
- Article from:
- Securities Industry News
- Article date:
- March 26, 2007
- Author:
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Months since abandoning a takeover of Chicago market-data systems vendor HyperFeed Technologies, Exegy said that it is limiting its offering of a new managed ticker plant service to 21 clients. The firms will not receive preferential pricing but will benefit from what is touted as the lowest latency and highest capacity available--less than 150 microseconds with a sustained throughput of more than 1 million exchange messages per second.
"We believe we will be able to give them a competitive advantage and foster stronger partnerships that result in additional processes migrating to our appliance," says Jeff Wells, VP of product management at St. Louis-based Exegy. ...