Exegy Inc., a managed services and data normalization vendor, has launched a new product that allows “Exegy-based hardware-accelerated appliances to interoperate with multiple third-party data entitlement and usage reporting tools such as Thomson Reuters DACS [Data Access Control System],” the vendor says in a statement.
The Exegy Entitlement Hub is deployed as a fully managed appliance. The interoperability it makes possible should minimize data usage fees and access liabilities by allowing firms to “entitle, track, and report data usage to multiple data vendors using well-vetted tools and reports,” the statement says.
“Market participants employ our hardware-accelerated appliances and managed services in order to build a market data infrastructure with higher capacity, lower latency, more efficient scalability, and lower total cost,” says Exegy’s chief technology officer, David Taylor, in a statement. “The Exegy Entitlement Hub now allows these firms to retain their data entitlement and usage reporting regime to minimize migration risk, effort, and cost.”
The Exegy Entitlement Hub has been developed in close partnership with existing Exegy customers, and an extensive pilot program at a “major sell-side bank” was completed in the first quarter of 2015, the vendor says.
“The Exegy Entitlement Hub is a logical extension of our rapid growth in supporting diverse, global, multi-asset market data enterprises,” says Exegy CEO James O’Donnell, in a statement. “It is also a reflection of our commitment to be an effective partner in improving performance and reducing total costs, while also minimizing migration risk and effort.”
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