FX Week Australia FX Week Australia is an essential event for FX traders and other FX industry leaders to discuss the most pressing questions facing the market. FX Week is perfectly positioned to offer the most compre⦠08 May 2018 Sydney, Australia
FX Invest Europe FX Week is proud to present the FX Invest Europe conference, bringing together leading buy-side practitioners in the fast developing foreign exchange and currency markets. It is a must-attend event f⦠15 May 2018 Frankfurt, Germany
FX Week USA FX Week USA is returning to New York in July, 2017 for FX traders and other FX industry leaders to discuss the most pressing questions facing the market. 11 Jul 2018 New York, USA
FX Week Asia FX Week Asia is returning to Singapore in August 2018, where FX traders and other FX industry leaders will discuss the most pressing questions facing the market. FX Week is perfectly positioned to of⦠29 Aug 2018 Singapore, Singapore
FX Week e-FX Awards The 15th annual e-FX Awards will be presented in New York on July 11th 2018, following the FX Week USA conference. Hosted by FX Week, these awards recognise industry excellence in electronic foreign ⦠11 Jul 2018 New York, USA
TCA and fair execution. The metrics that the FX industry must use. This white paper proposes the blueprint for FX TCA methodology that enables market participants to calculate and compare trading costs across both firm and last look liquidity. Download
Prime-of-prime solutions – Sustainable solutions and evaluating means of access to credit in foreign exchange markets Based on a survey of global FX market participants, this white paper explores the preferences, needs and attitudes clients and the broader FX market have in relation to tiered credit intermediation. Download
RiskTech100® 2016 Now in its 10th year, the RiskTech100 is globally acknowledged as the most comprehensive study of the world's most significant risk and compliance technology companies. This report covers the key ⦠Read more
Buy-Side Risk Management Technology 2015 Asset managers continue to face a rapidly changing operating environment. This report updates our earlier research on the current trends in buy-side risk management technology. Read more
Going faster: "There is room for higher performance, more agile technology" - Karl Dundon, Exegy Exegy Laura Matthews 16 Apr 2018 Tweet Facebook LinkedIn Save this article Send to Print this page Follow Laura Matthews Banks Liquidity Market data United States Exegy, a provider of managed services and technology for low-latency market data, has launched Trade Port FX, a fully managed foreign exchange market data and order-entry solution that enables participants to meet their access requirements through a single vendor. The solution comes as currency markets continue to grapple with liquidity fragmentation, new venues and numerous data feeds, as well as the varying speed, functionality requirements, and cost of building and maintaining trading infrastructure. “The message we got loud and clear was that what clients are looking for is the ability to make one network connection to a vendor in a particular co-location data centre. In the key data centres where FX is traded, they wanted to make one network connection, and they wanted to have one interface where they received their market data and also enter their orders out to the marketplace,” says David Taylor, chief technology officer at Exegy. “They also wanted the vendor to take care of all of the connectivity to the venue that they wanted to trade on. They wanted the ability to simply tell the vendor, ‘Now I’m ready to spin up this new venue, please enable that for me,’ and the vendor supplies on-demand access to new venues for both market data and order entry,” he adds. Trade Port FX is accessed through a cross-connection at the co-location data centres in London and New York, with future points of presence to be enabled in data centres in Asia, depending on customer demand. Through a single network connection, trading applications gain on-demand access to the main FX trading venues and liquidity providers, shielding firms from the cost and complexity of establishing and maintaining connectivity to an increasingly fragmented market. Exegy says a combination of managed venue connectivity and bespoke computing appliances allows Trade Port FX to deliver normalised FX market data and order execution through a unified, FX-specific application-programming interface. We have created an FX-specific API that is well-suited to the needs of next-generation e-FX trading applications Karl Dundon, Exegy Applications can help to customise their real-time data views, including composite pricing across venues. Additionally, there are easy-to-use sample applications and code-generation tools for a variety of applications to streamline workflow and expedite implementation schedules. Over the last decade, Exegy has built up a reputation for providing high-performance, managed market data solutions for global equities, derivatives, commodities and fixed-income trading. The firm began adding FX venues to its market data-feed handler portfolio in 2012, and has attracted several leading banks and buy-side fund managers. It aims to set itself apart from what is currently on the market through product performance, functionality, ease of use and quality of service. Second generation e-FX “We are in this second generation of the e-FX space, where we are starting to see the shelf-life of existing products on the market start to come to their peak and there is room for higher performance, more agile technology that can be managed more effectively [and] faster without having to have their own team dedicated to managing the switch,” says Karl Dundon, FX product manager at Exegy. “We have created an FX-specific API that is well-suited to the needs of next-generation e-FX trading applications. In the aggregation and managed hosted services space, there really aren’t too many people out there who can do that effectively. Clients are looking for somebody who has the experience [of] doing that and who has a good FX product,” he adds. Taylor says Exegy’s main competitors are the internal development teams at some firms that are still debating whether to build and maintain their own solutions or engage a vendor. “We still run into that quite a bit. More and more people are deciding ‘let’s focus on our secret sauce and leave the rest to vendors’. We believe our 10 years of experience providing fully managed solutions gives us the credibility and capability to win their trust,” he says. Tweet Facebook LinkedIn Save this article Send to Print this page Topics API Banks Foreign exchange (FX) Latency Liquidity Market Data Market data Technology Trading United States