HyperFeed Closes, Sues as Exegy Deal Fails

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Chicago-based ticker plant provider HyperFeed Technologies has told employees that it will cease trading and file for Chapter 7 bankruptcy protection this week, after a deal to become part of Exegy, a St. Louis-based technology provider, collapsed.

As part of an agreement originally announced at the SIA show in June, HyperFeed and Exegy were to merge and create a range of hardware-based ticker plants that would supercede HyperFeed's current software offerings. Since then, the deal changed to