Source: NYSE Euronext
NYSE Euronext (NYX) today announced the closing of its $200 million acquisition of Wombat Financial Software (Wombat), the technology innovator and world leader in market data management solutions, as previously announced on January 14, 2008.
Wombat will join TransactTools as part of the newly formed NYSE Euronext Advanced Trading Solutions division.
"On behalf of all my colleagues, we welcome the Wombat team to the NYSE Euronext family," said Duncan L. Niederauer, CEO, NYSE Euronext. "Wombat, together with TransactTools, positions NYSE Euronext as a global leader in providing integrated commercial technology solutions for financial services firms and other markets. This is a rapidly growing sector of our business, and we look forward to providing our customer base with a comprehensive array of commercial technology solutions that include new connectivity tools, smart order routing, data management and direct market access."
NYSE Euronext Advanced Trading Solutions will provide seamless high performance trading across asset classes, global geographies and time zones and a common end-to-end platform for accessing liquidity in any market. We combine the highest-performing enterprise software for financial connectivity (TransactTools) along with market-leading data management and distribution (Wombat), and the network and facilities infrastructure of the world's leading markets (SFTI).
Wombat, which was founded in 1997 and has offices in the U.S., U.K. and Japan, offers a high speed market data and messaging platform with direct connection to markets that facilitates large volume, low latency data management and integration.
Today's NYSE Opening Bell celebrated the completion of the transaction and the introduction of Wombat Financial Software as part of NYSE Euronext Advanced Trading Solutions.
Additionally, click here to access a NYSE Euronext webcast on this announcement, which includes comments by: Larry Leibowitz, Group Executive Vice President & Head of U.S. Execution and Global Technology; Sam Johnson, CEO of TransactTools; Danny Moore, CEO of Wombat.