The solution integrates Exegy's Ticker Plant technology and MarketPrizm's trading infrastructure service. It is exclusively available via MarketPrizm in EMEA and will soon be extended to Asia Pacific.

Financial institutions are increasingly under pressure to cope with greater volumes of market data across multiple markets. The cost of funding high end technology development to address this issue has become unattractive. PrizmX enables institutions to get the best of FPGA* technology - faster market data consistently delivered - without the cost of investing in development and complexity of implementation. PrizmX will be deployed in the London Stock Exchange, Chi-X Europe, BATS Europe, Deutsche Börse and NYSE Euronext co-location sites. The technology will be deployed in additional markets in the near future.

Performance and Flexibility
PrizmX delivers normalized data in less than 10 microseconds from the exchange into the customer application. Combined with PrizmNet's lowest latency network and order routing infrastructure, clients can get end-to-end latency improvement. With MarketPrizm, clients can also move between markets, and add or exit markets with flexibility; a critical benefit when markets evolve and opportunities and risks need to be addressed quickly.

Effortless and Cost-effective
PrizmX eliminates the need for firms to connect directly with each exchange. MarketPrizm is the single point of contact for the market data with its vendor of record status across equities and derivatives venues. MarketPrizm's pre-provisioned network, co-location and application services infrastructure provides on-demand market data and order entry capability across 19 EMEA equities and derivatives markets.

Tanuja Randery, CEO of MarketPrizm said, "PrizmX adds to the MarketPrizm solution set and enables us to provide our clients multiple ways of accessing the markets based on their performance needs. The quality of Exegy's FPGA* appliance combined with their service model aligns with our innovation and customer service excellence philosophy. This solution also provides our clients with cutting edge technology without the cost and complexity of building it themselves and with the control and resilience of an owned model."

Jim O'Donnell, Chairman and CEO of Exegy, added: "As market data rates continue to explode, reducing data processing latency becomes increasingly important to the success of high-frequency trading strategies. We're pleased to be partnering with MarketPrizm in EMEA to deliver a unique service which brings together our leading Ticker Plant technology with MarketPrizm's breadth and depth of market data infrastructure and services across Europe."