New York-based Wombat Financial Software has signed RBC Capital Markets, the corporate and investment banking arm of Canada's RBC Financial Group, to its market data distribution technology.
Wombat says RBC Capital Markets' proprietary trading desk has selected its platform for low latency market data distribution.
The bank will deploy Wombat's MAMA platform atop Tibco/Rendezvous messaging software. While Rendezvous provides the core application-to-application messaging, the Wombat platform overlays a suite of market-data interfaces, quality of service controls, entitlements control capabilities and off-the-shelf feed handlers.
The vendor says its "middleware agnostic" programming interfaces will allow RBC to upgrade its middleware over time as technologies evolve without having to recode applications.
Daniel Moore, COO of Wombat, says: "With market data you have a capacity problem that generally doubles in magnitude every year. We believe a platform which can decouple you from the limitations of any single messaging transport can be a very effective risk management tool and can better equip capital markets participants to cope with these volatile markets."