Exegy's Software Market Data System is a single API that allows access to timely, actionable market data events. It can be used to power critical trading applications and reduce total cost of ownership. Exegy's Software Market Data System provides feed handling solutions that provide ultra-low latency, normalized, access to more than 300 venues, worldwide coverage, and support for all major asset types. Exegy's SMDS helps you manage increasing data rates and industry changes. Exegy's SMDS Solution is delivered through a single, flexible, high-performance, and unified API. All content is normalized to Exegy’s Market Data Model. This reduces the time required for customers to add markets and understand complex venue-specific complexities. Exegy's Software Market Data System provides full support for the building of price books and orderbooks, as well as the ability to create composite order book that provide a comprehensive view across venues of liquidity.