Exegy’s Software Market Data System (SMDS) enables access to actionable, time-sensitive market data events through a single API designed to power critical trading applications while reducing total cost of ownership. Exegy’s Software Market Data System is a feed handling solution providing ultra-low latency, normalized access to over 300 venues, with global coverage and support for all major asset classes. Manage increasing data rates and continual industry changes with Exegy’s SMDS. The SMDS Solution is delivered via a single, high-performance, flexible, and unified API. All content is normalized to Exegy’s Market Data Model, reducing the time it takes for our customers to add further markets and understand venue-specific complexities. Full support for book building of both price books and order books, along with the ability to create composite order books that give a comprehensive view of liquidity across venues, is available with Exegy’s Software Market Data System.