Exegy Incorporated has taken over Enyx. The global investment firm, Marlin Equity Partners, has supported this transaction. The combined company(now Exegy Inc.) in its product suite offers leveraging of low-latency field-programmable gate array (FPGA) technology at all stages of the trading lifecycle. Speeding the development of bespoke trading solutions, even Enyx’s line of low-latency FPGA trading products is included in the deal.
Jim O’Donnell, CEO of Exegy, with respect to the deal, said “We are looking forward to integrating the Enyx product with Exegy to create a combined solution that removes any ‘build or buy’ limitations.”
Excited for both the companies to join forces, Arnaud Derasse, CEO of Enyx comments, “The combination of two technology powerhouses, Exegy and Enyx, will enable trading firms to reduce time-to-market and create commercial success.”
David Taylor, Exegy’s Co-President and Chief Technology Officer upon integrating the Enyx team commented, “The combination of Enyx’s custom FPGA development expertise and Exegy’s comprehensive portfolio of solutions provides the ideal platform to partner more flexibly with market participants to address a wider range of challenges in the trading ecosystem,”
Commenting on the deal, Chief Revenue Officer Craig Schachter of Exegy said, “The decision now is not whether to build versus buy, but what combination of both can help clients achieve flexibility and get to market quicker,” Schachter said.
Exegy in the past year has also merged with Vela Trading Systems.