Three Wombat Clients Select ComStock Feed Handler; Clients Across Buy and Sell-side Integrate Wombat's High-Speed Market Data P
June 20 2006 - 9:00AM
Business Wire
Wombat Financial Software Inc., the low-latency trading technology
experts, today announced that three clients have augmented its
high-speed market data platform by adding the ComStock feed
handler, allowing for off-the-shelf integration of ComStock's low
latency data into the most widely used market data platforms.
ComStock, an Interactive Data (NYSE: IDC) business, delivers
low-latency financial information to power mission critical
electronic market data applications, including algorithmic trading
engines where speed is crucial. Wombat recently implemented the new
ComStock feed handler at three leading client firms, including a
hedge fund, mutual fund company and sell-side firm, and reports a
number of additional customer evaluations are underway. "The
capital markets are hungry for new choices to meet their market
data needs," says Danny Moore, COO of Wombat Financial Software.
"Customers have been choosing Wombat not only for speed but also
for the freedom of choice we enable in choosing their market data
providers. ComStock's datafeed is a prime example of a product
which offers an appealing blend of speed and content breadth
customers can leverage with Wombat's help." "Financial institutions
must have low latency data to effectively compete for liquidity in
today's electronic trading environment," said Mark Hepsworth,
president of ComStock. "We are very pleased to be working so
closely with Wombat to offer the combination of an innovative low
latency technology platform and low latency datafeed that powers
clients' electronic and algorithmic trading engines." About Wombat
Financial Software Wombat enables limitless connectivity to the
global markets through the world's most advanced high speed market
data infrastructure, The Wombat Platform. With offices in the US
and UK, Wombat software underpins automated market-making systems,
electronic-trading floors and tick-capture platforms in financial
institutions around the world. The Wombat Platform includes Wombat
Feed Handlers, providing sub-millisecond connectivity to more than
60 direct exchange and aggregated vendor feeds; Wombat Transport,
enabling high speed, multi-protocol messaging throughout the
enterprise; Wombat APIs; and Wombat value added servers such as the
Wombat SuperBook virtual order book consolidator and the Wombat
DBAC tick-capture adapter. For more information, visit
www.wombatfs.com. About Interactive Data Corporation Interactive
Data Corporation (NYSE: IDC) is a leading global provider of
financial market data, analytics and related services to financial
institutions, active traders and individual investors. The
Company's businesses supply time-sensitive pricing, evaluations,
dividend, corporate action and reference data for more than 3.5
million securities traded around the world, including hard-to-value
instruments. Many of the world's best-known financial service and
software companies subscribe to the Company's services in support
of their trading, analysis, portfolio management and valuation
activities. Through its businesses, FT Interactive Data, ComStock,
CMS BondEdge and eSignal, Interactive Data has approximately 2,200
employees in offices located throughout North America, Europe, Asia
and Australia, and is headquartered in Bedford, MA. Pearson plc
(NYSE: PSO; LSE:PSON), an international media company, whose
businesses include the Financial Times Group, Pearson Education,
and the Penguin Group, owns approximately 62 percent of the
outstanding common stock of Interactive Data Corporation. ComStock
is a leading provider of real-time global market data and managed
solutions to financial institutions, re-distributors and online
financial portals worldwide. ComStock's suite of services ranges
from a consolidated, low latency data feed, to tools for building,
managing and hosting customized applications. For further
information about Interactive Data please see:
www.interactivedata.com
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