Exegy Establishes Data Port POP in Hong Kong

Exegy has launched its first data port point of presence in Hong Kong for the normalization and distribution of market data. The service provides normalized data from two direct feeds—cash equities and cash derivatives—at the co-location service at the Hong Kong Exchanges and Clearing (HKEx) data center.

Carlos Lopez Lansdowne, sales director for Europe, the Middle East and Africa and Asia-Pacific at Exegy, says the hardware-accelerated ticker plant provider has installed the mutualized offering as an extension to HKEx’s data port points of presence in the European and US markets. 

“What we’ve done in Europe and US is installed ticker plants, but in a shared environment, so basically our clients just connect to that environment with non-existent capex, because there is no investment in hardware. They just cross connect and they are connected to the market in minimal time. The same model will be applied in Hong Kong,” he says.

Prior to the launch, Exegy has been growing its ticker plant business in Asia, installing ticker plants at clients’ premises and providing data feeds by request. Exegy’s clients in Asia are balanced between the sell side and large buy-side firms, says Lansdowne. “We have built the Japanese and Hong Kong feeds and soon it’ll be the entire spectrum of feeds,” he says. 

Exegy will add more data feeds offered through the appliance, according to client requests. 

“I do believe that our model to deliver data through a shared appliance is very cost effective. Our model is all about time-to-market and cost certainty—you pay a fixed amount every month and you can consume as much data as you want,” Lansdowne says.

In addition, Exegy is investing heavily in foreign exchange (FX), according to Lansdowne. In April, it launched Trade Port FX, a fully managed data service delivering network connectivity, normalized market data and order entry to FX venues. 

“Areas like Singapore and Tokyo are interesting markets for us. We have a comprehensive list of around 44 liquidity providers, including banks and electronic communication networks (ECNs), for market data. We are growing out the execution platform starting with six ECNs and we are adding banks to this platform currently,” he says. “By year end, I envisage we will have a comprehensive list of execution venues. Coupled with our market data offering, that makes a very compelling solution for the FX marketplace.”

Exegy recently promoted Robert Anderson to its team of senior account managers and added John Faulkner to its London sales team. Anderson previously served as Exegy product manager specializing in vendor management, equipment hosting, data center infrastructure, cloud services and exchange relationships. He now leads sales for Exegy’s hosted and data solutions.

Meanwhile, Faulkner will focus on sales of Exegy products and services in Europe and Asia, reporting directly to Lansdowne. Prior to Exegy, Faulkner held diverse positions in sales, technical account management and client onboarding and implementation at Fixnetix, Barclays Corporate & Investment Bank, Instinet, and Bloomberg.