Bear Stearns implements Wombat market data platform

Bear Stearns implements Wombat market data platform

US-based investment bank Bear Stearns has implemented Wombat Financial Software's market data distribution technology at its equities analytics and systematic trading division in New York.

The bank has integrated Wombat's low-latency market data software with its data storage, analytics and publishing applications and is able use the system's feed handlers for connectivitiy to direct exchange and aggregated vendor feeds and enterprise-wide multi-protocol messaging.

APIs and servers such as a virtual order book consolidator and tick-capture adapter will also be accessible to the bank.

Commenting on the implementation, Jerome Downey, senior MD, Bear Stearns, says: "Wombat has enabled Bear Stearns to consistently focus on our business of providing best execution to institutional investors by largely removing the complexities of coping with data feed integration."

Earlier this month, Wombat released a feed handler for Bloomberg's new B-Pipe real-time data feed. The platform-agnostic feed is designed to deliver Bloomberg data direct to proprietary and in-house applications at user banks and has been the focus of a major development by smaller third-party market data technology firms, including Wombat, Dealing Object Technology (DOT), HyperFeed Technologies, I-Deal Data Systems, Infodyne, and TS-Associates.

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