Exegy and Vela announce merger – Traders Magazine
Exegy and Vela Join Forces to Become the Global Leader in Low Latency Market Data, Trading Platforms and Predictive Signals
Saint-Louis, MO, New York, NY and London – May 20, 2021 – Exegy Incorporated, the market leader in low latency solutions for global market data, predictive trading signals and hardware acceleration technology, and Vela Trading Systems LLC (Vela), a leading provider of data and execution technology for global multi-asset electronic trading, today announced that it has merged its business operations in an agreement backed by Marlin Equity Partners, a global investment firm with over $ 7.5 billion in capital commitments under management. Operating as Exegy Incorporated, the merged company creates a leading provider of premier data and fulfillment platforms, managed services for e-commerce powered by hardware acceleration technologies, artificial intelligence (AI) and exclusive service automation.
“The combination of Exegy with Vela represents an exciting growth opportunity for our respective companies,” said James O’Donnell, CEO of Exegy. “The merger provides immediate and tangible benefits to our customers and to the market in the form of a broader product package built on superior technology and supported by a global service team and delivery system.” The integrated market data product portfolio addresses all latency needs from nanoseconds to global distribution, covers over 300 direct streams and offers flexible deployment models ranging from embedded software to hardware appliances and consolidated streams and standardized.
Exegy is committed to integrating core market data solutions with a common leading technology platform. The platform will serve as the foundation to support the current market data product portfolio and deliver new offerings that take advantage of Exegy’s hardware acceleration and artificial intelligence technologies. With an intellectual property portfolio totaling 175 patents, a solid history of innovation and thought leadership, as well as the considerable breadth and breadth of the combined organization, Exegy is uniquely positioned to continue to expand its product line to to better meet the changing business and technology needs of its prestigious global customer base.
Exegy is also committed to maintaining the combined portfolio of application programming interfaces (APIs) currently used by customers. “We look forward to improving the user experience, coverage and capabilities of all of our customers – from our SuperFeed customers consuming global market data using MAMA to our software flow manager customers using the SMDS API,” said Jen Nayar, who will assume the role of Chief Integration Officer and lead efforts to integrate Vela’s products with Exegy’s technology and service delivery platforms. “One of the guiding principles of our integration plan is to minimize customer effort, while maximizing the performance and service benefits we provide,” added Nayar. Integrating core products into a common platform enables the merged company to leverage Exegy’s global service automation and delivery technology.
In addition to creating a comprehensive portfolio of products and services for real-time market data, the combination aligns Vela’s complementary activities in automated trading and direct market access (DMA) platforms with investments Exegy’s strategies in predictive trading signals and physical trading platforms. The integration of Vela’s Metro and Exegy’s Xero will create a vertically integrated derivatives trading platform with the fastest available speeds. Users of Vela’s Metro automated options trading platform will have the ability to execute their strategies in under 120 nanoseconds with Exegy’s FPGA-based Xero Volatility Trading Engine (VTE). Users of Vela’s execution gateways and the DMA platform will have access to Exegy’s Signum portfolio of predictive trading signals to improve execution quality and identify new alpha opportunities.
“Simply put, the two companies’ portfolios and their underlying technologies complement each other extremely well. This prepares us to deliver a technologically superior product set and a premium service experience to our customers, ”said O’Donnell. The combined company will be led by an integrated management team, with James O’Donnell remaining CEO of the organization and Jen Nayar serving as chief integration officer. The corporate headquarters remain in St. Louis, Missouri. With offices in New York, Chicago, London, Belfast, Manila, Hong Kong and Singapore, Exegy’s global presence will be well positioned to meet the growing needs of its clients.
The transaction closed on May 17, 2021.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $ 7.5 billion in capital under management. The company is focused on providing parent companies, shareholders and other stakeholders with tailor-made solutions that meet their business and liquidity needs. Marlin invests in companies across multiple industries where its capital base, industry relationships, and extensive network of operational resources significantly enhance a company’s prospects and enhance its value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 180 acquisitions. The company is headquartered in Los Angeles, California, with an additional office in London. For more information, please visit: www.marlinequity.com.
About Exegy®, Inc.
Exegy provides global market data solutions, predictive trading signals and hardware trading platforms to elite companies in the financial services industry. Today, Exegy is a strategic partner for leading traders, agency brokers, exchanges, alternative trading systems (ATS) and dark pool operators, market makers, hedge funds and asset managers. At the heart of Exegy’s solutions are specially designed, hardware-accelerated devices derived from a broad portfolio of patented and patent-pending technologies. All solutions are delivered as fully managed services backed by a global team of experts and state-of-the-art infrastructure. To learn more about Exegy’s Signum portfolio of real-time trading signals, visit www.exegy-signum.com. Exegy promotes the design of robust electronic markets through its MarketDataPeaks service which reports market data feed rates in real time.
For more information, visit our website www.exegy.com and follow Exegy on LinkedIn and Twitter @ExegyMarketData.
Vela is a leading independent provider of data and execution technologies for global multi-asset electronic trading. Vela’s software enables clients to quickly access global liquidity, markets and data sources for superior execution and helps companies differentiate and innovate successfully in an ever-changing, increasingly regulated landscape. and extremely competitive, while reducing the total cost of ownership.
Vela’s market data, execution and automated trading software offer a unique ultra-low latency technology stack to simplify and streamline electronic trading. Vela leverages the latest technological innovations to deliver industry-leading performance, functionality and reliability. The modular stack provides access to a comprehensive set of trading data and risk APIs and can be delivered “as a service” from multiple colocation data centers around the world.
With access to over 250 locations, Vela offers global coverage across all major asset classes, and clients are supported by an award-winning team of technical and business experts available 24/7 in multiple offices across the globe. United States, Europe and Asia. Vela’s clients include traders, market makers, brokers, banks, investment firms, exchanges and other market participants.
Visit us at www.tradevela.com. Follow us on Twitter @TradeVela.