Exegy Inc., a provider of low-latency solutions for global market data, predictive trading signals, and hardware-acceleration technology, and Vela Trading Systems LLC, a provider of data and execution technology for global multi-asset electronic trading, have merged business operations in an agreement backed by Marlin Equity Partners, a global investment firm. Operating as Exegy Inc., the combined company creates a provider of data and execution platforms, along with managed services for electronic trading powered by proprietary hardware-acceleration, artificial intelligence and service automation technologies.
“Exegy’s combination 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 the marketplace in the form of a broader product set built on superior technology and supported by a global service team and delivery system.”
“We look forward to enhancing the user experience, coverage, and capabilities for all of our customers – from our SuperFeed clients consuming global market data using MAMA to our software feed handler customers using the SMDS API,” said Jen Nayar, chief intergration officer of the combined company. “A guiding principle for our integration plan is to minimize customer effort, while maximizing the performance and service benefits that we deliver.”