Exegy’s FPGA Development Framework Wins Best New Tech Award
St. Louis, New York – 11 December 2024 – Exegy, the leading provider of trading and market data technology for the capital markets, is proud to announce that nxFramework, its standardized FPGA development framework, has been recognized as the Best New Technology Introduced Over the Past 12 Months at the 2024 American Finance Technology Awards, hosted by Waters Technology.
nxFramework recently set a record-breaking actionable latency of 13.9ns for the execution of a trade, as documented in the STAC-T0 benchmark report. The record was set in partnership with AMD and achieved a 49% latency reduction, the lowest tick-to-trade latency of any previously published benchmark.
The distinguished award win comes from Waters Technology, which is known for its longstanding reputation for recognizing excellence in the capital markets. The nxFramework is a standardized development framework for building in-house FPGA projects and enables firms to get into production quickly, with minimal resources. The solution provides scalability and flexibility, allowing internal teams to concentrate on developing their business logic that sets them apart in the market.
Traditionally, FPGA engineers had to develop all system components independently and rebuild systems often; a process that was both resource-intensive and time-consuming. With the introduction of nxFramework, FPGA development is now more standardized, significantly reducing redundant efforts and enabling seamless adaptability across the latency spectrum.
Olivier Cousin, Director of FPGA Solutions of Exegy, commented: “We are proud to see the industry recognizing our creation of the first standardized way of developing FPGAs. What we’re delivering is platform-agnostic and allows our clients to build FPGA applications much more quickly and easily than ever before. Effectively, when a firm has all the pieces of the puzzle, putting it together requires time and expensive expertise, but now we’re giving clients the tools to do this.”
This cutting-edge innovation meshes hardware acceleration, software flexibility, and low-latency networking to deliver consistent and reproducible performance. Exegy’s solution supports clients in achieving industry-leading trade execution speeds with standardized FPGA tools and industry-standard hardware. The STAC-T0 test results highlight how Exegy’s nxFramework has pushed the boundaries of the technology needed for ultra-low latency trading in capital markets.
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Editorial contacts:
John Norris / Chrissa Diakanastasis
Moonlight IQ
Email: exegy@moonlightiq.com
Tel: +44 (0) 20 7250 4770
About Exegy Inc.
Exegy is a global leader in low latency market data, advanced trading and execution systems, and future-proof technology and infrastructure. Backed by Marlin Equity Partners, Exegy serves as a strategic partner to the complete ecosystem of the buy-side, sell-side, exchanges, and ISV/technology firms around the globe.
