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Wombat reports Equiduct Trading deal

14 May 2008  |  5188 views  |  0 mifid

Nyse Euronext-owned Wombat Financial Software has signed Börse Berlin Equiduct Trading to its tick data management platform, One Tick.

The exchange operator will use the OneTick platform to collect and store real-time data, such as trades, quotes and order books, across a variety of European exchanges.

This will support a range of data services that Equiduct Trading - the soon-to-be-launched MiFID-compliant pan-European trading platform - offers customers, including a consolidated volume-weighted best bid and offer (VBBO), market data backfill and historical trading data retrieval.

The Wombat system is designed to handle vast volumes of real-time data rates and analytics requests, such as those generated in a transparent MiFID landscape, says Wombat. It also offers support for single and consolidated order books and features advanced analysis including cross venue consolidation, best-execution analytics for MiFID compliance and adapters for multiple market data sources.

Willy Van Stappen, COO, Equiduct Trading, says: "OneTick's off-the-shelf consolidated order book analytics facilitate the demands for real-time VBBO for our PartnerEx programme and is helping us reach our goal of becoming the European benchmark for best price execution in the MiFID trading environment."

Last month Börse Berlin Equiduct Systems recruited London-based Fixnetix to develop the low latency market data feed for the new platform. It has also signed a preliminary agreement with LCH.Clearnet for the provision of central counterparty clearing services for transactions.

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