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Exegy Launches Next-Gen Ticker Plant

Exegy announced its next generation ticker plant, purpose-built for processing options market data. This platform can process the OPRA feed on a single 2U server and provides an immediate 2x latency reduction compared to the previous generation. With increasing options trading volumes and the new OPRA feed going live on October 9th, the ability to reliably process growing quantities of market data with consistent, low latency is critically important for the trading community. Exegy’s FPGA-based, managed appliance has scalability not matched by fully software-based solutions.  By the end of 2022, US stock options surpassed 10 billion contracts, with single-stock and index options volumes more than doubling since 2019. OPRA’s guidance states that participants should prepare for capacity of 120+ million messages per second following the expansion. The FPGA-based solution offers advantages in terms of scalability and can provide significantly higher throughput due to the fundamental nature of the technology.

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