Exegy has acquired NovaSparks Inc., a provider of real-time market data normalization and distribution technology built on Field Programmable Gate Array (FPGA) products, in a deal aimed at strengthening Exegy’s offering for the fastest, most demanding electronic trading environments.
The transaction extends Exegy’s footprint in ultra-low latency market data infrastructure, adding NovaSparks’ FPGA-enabled capabilities for normalizing and distributing market data at speed and scale. Exegy said the acquisition supports its strategy to serve elite capital markets firms that require nanosecond performance, broad market coverage, and resilient operations across global trading workflows.
Exegy Chief Executive Officer David Taylor said the company plans to integrate NovaSparks’ products and customers into Exegy’s platform while continuing to build on recent acquisitions, including Vela Trading Systems and Enyx. Exegy also emphasized its focus on enhancing the overall user experience through combined product and intellectual property portfolios.
NovaSparks customers are expected to gain access to Exegy’s broader global operating model, including a managed services organization offering 24/7 follow-the-sun support and deployment management. Exegy said this will also extend to existing NovaSparks integrations and partnerships with third-party trading platforms.
NovaSparks CEO Luc Burgun said the combination is intended to increase innovation and strengthen support for clients that rely on ultra-low latency performance, while maintaining the speed characteristics that NovaSparks’ customer base expects.
Exegy said it will maintain existing NovaSparks products and invest in new solutions that merge capabilities across both organizations. Exegy is headquartered in St. Louis and operates regional offices across the United States, the United Kingdom, and Asia-Pacific, providing managed, high-performance market data, trading, and execution technology to buy-side and sell-side firms, trading venues, and technology providers.
KEY QUOTES:
“We are thrilled to welcome the NovaSparks customers to Exegy. We have a strong track record of blending the strengths of talented teams and proven products to elevate the user experience and deliver greater value to our clients, and we are excited to continue this strategy with NovaSparks. Following our acquisitions of Vela Trading Systems and Enyx, the addition of NovaSparks is the latest milestone in our mission to be the leading capital markets technology provider, delivering nanosecond speeds, global scale, and broad market coverage.”
David Taylor, CEO, Exegy
“Joining forces with Exegy allows us to improve our innovation and customer support capabilities. Our clients will continue to receive the ultra-low latency performance they rely on, but now with the backing of Exegy’s global presence and services infrastructure.”
Luc Burgun, CEO, NovaSparks
