Exegy Integrates DRC Processor Module

The first application developed with DRC will be an index calculation engine embedded in the ticker plant, says Exegy COO Rod Arbaugh. He says that high-frequency traders requested that Exegy prioritize the ability to incorporate index calculation within the ticker plant, but declines to specify what additional applications will be developed in the future.

Plugging DRC's RPU, which allows applications to run at low latency with reduced power and space requirements, into Exegy's ticker plant increases the "extensibility of Exegy's architecture," Arbaugh says. "We've architected our product so you can put multiple boards into the ticker plant."

Exegy claims that its ticker plant offers a throughput of two million exchange messages per second at less than 100 microseconds of latency. The appliance takes up only three measurement units of rack space, but has as much capacity as typical rack hardware configurations that would take up 64 units of rack space, Arbaugh says. This hardware compaction dramatically reduces latency, he adds.

DRC is the first vendor with which Exegy has reached a joint development agreement, and Exegy plans to establish agreements with other vendors, though Arbaugh declines to name any at this stage.