Exegy: Pushing Deeper in Financial Markets
September 28, 2008
Exegy is not a company that comes up when 20-something search experts kick back and trade stories about water pistol fights in the dorm. The company’s technology processes large volumes of data in near real time. This is not the near real time of the uninformed. Exegy crunches North American equity data fees and option exchanges so that it can display the highest one second peak occurring every 60 seconds. Ivy Schmerken’s “Exegy Launches Marketdatapeaks.com along with Xasax and Financial Information Forum” highlights Exegy’s content processing technology. You can read the write up here. Processing large content streams in near real time is a non trivial task. Most search vendors dance around the issue of machine infrastructure to perform the nifty tricks shown in Flash demos. Not Exegy. The company installs its proprietary appliance. Working with Xasax, the new service provides financial services firms with useful data that are otherwise difficult if not impossible to obtain.
I profiled Exegy in my April 2008 study for the Gilbane Group. You can learn more here. The reason I included the company was to highlight the importance of matching hardware to the content processing task. Clearwell Systems, Google, Thunderstone, and Index Engines have taken a somewhat similar approach. The 20 somethings who are true search mavens are confident that a couple of Dell or HP servers can whip almost any content processing job. The kiddies are wrong. To learn more about the Exegy engineering behind its throughput, click here.
A final thought to the victors of the water pistol wars for search: infrastructure matters. Infrastructure makes or breaks many enterprise search systems.
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