London, April 30, 2008 - Wombat, a global leader in high-performance market data management solutions and newest addition to NYSE Euronext Advanced Trading Solutions, today announced it has signed an OEM agreement with Gissing Software that enables the delivery of market data to desktops via Microsoft Excel™.
Wombat and Gissing Software Bring Low Latency Market Data to the Desktop with Wombat RealtimeXL™
Through the strategic alliance, Wombat integrated the underlying technology of Gissing RealtimeXL to the Wombat Market Data Platform to create Wombat RealtimeXL – powered by Gissing Software, solution specialists in the routing and transformation of real-time market and trade data. Together, this creates an ultra low latency, high capacity and highly stable market data solution for the desktop.
This is Wombat’s second key product announcement in the trading floor space this year, following the launch of its real-time conflation solution, Wombat Traffic Control, in February.
The combination of Wombat’s low latency market data platform and Gissing Software’s high performance Microsoft Excel add-in enables users to subscribe to price updates directly via Excel in real-time and handle the ever growing pressures that rising volumes are placing on internal applications. Traders will also benefit from advanced market data manipulation and administrative tools that are part of Wombat RealtimeXL, plus ground-breaking features of the Wombat Market Data Platform including order book and connection level conflation.
Under the terms of the agreement, existing Wombat users will be able to purchase and connect to the integrated Wombat RealtimeXL solution via MAMA (Wombat’s Middleware Agnostic Messaging API). The alliance will also give Gissing Software’s existing clients the option to subscribe to real-time market data from the Wombat Market Data Platform by licensing MAMA from Wombat.
Danny Moore, Wombat’s Chief Executive Officer, commented: “The partnership was a logical progression in our drive to deliver comprehensive pre and post-trade market data solutions to our clients. We chose Gissing RealtimeXL as it is market proven as the most responsive and reliable tool for updating market data in Excel. It outperformed other applications during testing and has demonstrated that it can handle high volumes of price information flawlessly during peak times of market activity.”
“We are delighted to have extended our offering through Wombat and to have further broadened the reach of both Gissing RealtimeXL and the Wombat Market Data Platform,” stated Mike Vieyra, CEO, Gissing Software. “With continued consolidation and collaboration in the industry we look to align ourselves with the major players in the field to best provide our clients with comprehensive and accurate market data, in the quickest time possible. We will continue to work closely with Wombat and expect to further develop the scope of the solution with additional synergistic benefits to follow.”
Interested parties are encouraged to download the Wombat RealtimeXL product sheet and Wombat Traffic Control product sheet at http://www.wombatfs.com/technical/index.php
Wombat enables limitless connectivity to the global markets through the world's most advanced high speed market data infrastructure, the Wombat Market Data Platform. With offices in the US , UK and Japan , 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 120 direct exchange and aggregated vendor feeds; DART Entitlements, providing market data compliance, analysis and reporting services; Wombat Middleware, enabling high speed, multi-protocol messaging throughout the enterprise; and Wombat Acumen, offering analytical event processing for the capital markets.
For more information, visit http://www.wombatfs.com.
About NYSE Euronext Advanced Trading Solutions
A unit of NYSE Euronext (NYX), NYSE Euronext Advanced Trading Solutions is a leader in providing complete connectivity, data management and transaction solutions for trading firms, vendors and financial markets throughout the world. Offering a suite of comprehensive, best-of-breed commercial technology solutions that include advanced end-to-end market data management, global exchange connectivity and matching technologies, co-location systems, and super low-latency order routing capabilities, NYSE Euronext Advanced Trading Solutions' products attract and enable the free flow of liquidity for high-volume markets around the world. This unit operates SFTI, one of the world's largest, most reliable financial transaction networks; NYSE TransactTools, the high-performance, end-to-end connectivity software; and Wombat, offering the industry's most advanced platform for real-time market data distribution and integration. With offices across the U.S. , Europe , Singapore and Japan , NYSE Euronext Advanced Trading Solutions' commitment to superior development, engineering and customer service has earned the trust to power the trading operations of hundreds of global financial institutions, including core technology for 17 of the world's 20 largest securities firms. For additional information visit: http://www.nyse.com/tradingsolutions.
About Gissing Software
Gissing Software, a Thomson Reuters company (http://www.thomsonreuters.com), specialises in solutions in the routing and transformation of real-time market and trade data. It was founded in 1991. Gissing Software counts some of the world's biggest financial institutions among its clients. Almost all of Gissing’s clients are tier one banks and brokers. With over 50 installations globally, Gissing’s products are renowned in the industry for performance and reliability. The company operates from its head office in Bromley, Kent (UK ) and New York.
Gissing Software has extensive knowledge of the technology associated with the transforming and routing of real-time data in the financial markets.
Product area focus:
- Multi contribution systems for management and distribution of market data to financial data vendors and partnering businesses
- Real-time solutions for Excel used by financial professionals in analytics, trading, pricing, data contribution and administration
- MiFID solutions
- Pre-trade and post-trade transparency
- Data aggregation for input to MiFID best execution policies
- Trade data capture transformation and system integration for fixed income securities, FX and other investment instruments
For more information on Gissing Software products please visit: http://www.gissing.com
Third Party Content
Certain information and content, such as white papers, articles and the like, may be provided by third party licensors and suppliers to Wombat (“Third Party Content”). The Third Party Content is, in each case, the copyrighted and/or trademarked work of the creator/licensor. YOU ACKNOWLEDGE AND AGREE THAT THE THIRD PARTY CONTENT DOES NOT REFLECT THE VIEWS OF WOMBAT AND THAT WOMBAT IS NOT RESPONSIBLE FOR ANY VIEWS, IDEAS, POSITIONS, MATERIALS AND THE LIKE CONTAINED IN ANY THIRD PARTY CONTENT. Unless you have permission from the owner of the Third Party Content, you agree to only display the Third Party Content on your personal computer solely for your personal or internal business use. You acknowledge and agree that you have no right to download, cache, reproduce, modify, display (except as set forth in this paragraph), edit, alter or enhance any of the Third Party Content in any manner unless you have permission from the owner of the Third Party Content.