Exegy has merged with Vela Trading Systems, creating a global leader in low latency market data, trading platforms and predictive signals.
Exegy provides low-latency solutions for global market data, predictive trading signals, and hardware-acceleration technology, while Vela offers data and execution technology for global multi-asset electronic trading.
The merged business will now operate as Exergy thanks to the agreement, which was backed by investment firm Marlin Equity Partners.
James O’Donnell, CEO, Exegy, says: “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.”
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Source: https://www.finextra.com/newsarticle/38097/exegy-and-vela-merge?utm_medium=rssfinextra&utm_source=finextrafeed
